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If you have your properties in a LLC and have separate business accounts are you only taxed on money you take out (salary) from the LLC? If there is extra cash that I could be pulling out as salary but don't and it st...
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I think I have it narrowed down on how I want to initially structure my new business (an LLC with S-corp destination so that I don't have to pay both Personal Income Tax on profits + Business Corporate Income Tax; I w...
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Hey BP, I have just bought a property out of foreclosure. I bought it for a quick flip, but the people living in it did not own it and did not know that it was being foreclosed on. I talked to them and they said they ...
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For those who have made individual LLCs for each of their rental properties, have you adopted or recommend a particular naming convention? Address/Street Number, LLC, etc.? I am curious. Thanks!Dave
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I recently found this site and have made a few posts already. Often times the network of realtors I personally do business with find properties meeting my criteria. Generally that criteria consists of cap rate not bel...
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Over the past year there have been a lot of political hot button topics making their way to the public eye. Some of the issues that have blanketed our news coverage include racism, gay rights, gun rights, and religiou...
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Hello, Can anyone share any stories about how buying off market has added value or truly helped the seller. Im in a debate about how wholesaling is a predatory practice.
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Hi, how can I go about quit claim my property from my LLC to my name so I can get a heloc on it? It has been in an extremely frustrating two weeks. I have a 100k equity in my primary and can't get a HELOC because the...
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Hi! I am trying to get into real estate investing. I am currently listening to the book of flipping houses by J Scott. In the book where it talks about direct marketing it mentions not to put company name for return ...
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Hi Everyone,With Indy on lockdown, a lot of businesses are implementing a stay at home initiative, unless it's for essential business much like the rest of the country. I'm looking to do a BRRRR in Indianapolis but I'...