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So my wife and I have made the decision to start a real estate investing company. I have done tons of research and so excited to get started. I have a few questions below, please give me some feedback ! 1. Is it a sm...
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Hello again BP community. I'm new and eager to get into REI for Buy and Hold BRRRR's mainly looking for cashflow in North Eastern PA. I met someone through a meetup group, and they recommend getting my investment busi...
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I charged a $300 non-refundable pet fee for a property. When the renter moved out, I found that the carpets were ruined due to urine stains. Despite their attempts to clean the carpet, there was still a distinct urine...
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I'm helping my Dad set up a self-directed IRA so he can do some real estate investing. He will want an administrator/custodian that is 1) Reputable2) Responsive & helpful regarding organizational structure and all...
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Hello, I would like some help understanding the math related to taking a 401K loan. - I have a 401K which allows up to $50,000 loan for any purpose- 6.5% interest- time period can be 6 to 60 months- it is paid back wi...
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Hello BP Community,I recently set up an S Corp for my RE business (Colorado RE Broker) at my CPA's direction. He's been out of office for the past few weeks and I want know if there's anything else I need to do before...
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Here are the specifics. I have ownership with my wife and older son and his wife, all 25% each as members in two different properties. One is a 5 plex, Powell Properties Milton St, LLC and another 8 plex, Powell Prope...
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Just wondering whether you are able to consider a trip to California a tax write off if you schedule a meeting with a real estate agent to look at properties? If so, what kind of documentation would i need?
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For all of you that have to deal with POS - this is not the first time I heard of this but makes me wonder how other cities will react.Ohio city’s point of sale ordinance found to be unconstitutional -On February 12, ...
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Hi BiggerPockets community! I am in the middle of a deal and wanted to ask you guys if everything is kosher in this particular transaction before proceeding.My partner and I got our first wholesale lead by doing direc...