Kenya Maclin
New member from Missouri
Hello BP,I am a new Real Estate Investor in the St. Louis metro area. I'm interested in wholesaling, fix & flip and rentals. I haven't done any deals yet but I've learned a lot from BP so far. Now I'm ready to get...
George Leeman
S corps and Distributions taxed as capital gains?
I am considering starting a s corperation to own my LLC's that I keep my rental properties in. From what I understand I could pay my self a small management salary of something like $6000-6500 per year, and receive th...
Coralyn McDonough
Running rental of Condo thru LLC even if Condo not in the LLC
We own a condo and are renting it out. We opened an LLC , but can’t put it into it because they will call in the loan. My Partner thinks that if we rent thru a company with the LLC name it will cover us Incase someo...
Brayden Johnson
Starting a Business or LLC
Without giving advice, for those of you who have an LLC, what is it used for specifically? What is its purpose/design?
Andrea P.
Form 1099 to property manager
My property manager issued me 1099s with gross income. He kept for himself the management fees which are greater than $600. Did I have to issue a 1099 form to my property manager for management fees?
Grand Wally
Getting started in the biz...
Hey everybody...what a great website.
Getting started in the business...any advice (don't worry I know it's not official legal advice) on business formation? Ideally I'd like to form an S corp for the tax benefits a...
Nina Daniel
Investor from Maryland, Virginia, and Washington D.C.
Innovative thinker, business strategist, passionate about real estate investing, and building strategic partnerships. Values the advantages of a high-performing team. Nina Daniel has lived in the Washington D.C. are...
Scott Minton
Fannie Mae Title Transfer to Partnership LLC
I've been scouring the forums for hours trying to find a post that gives me an answer different from what I'm finding. But I haven't seen this exact topic discussed, so here goes. My brother and I formed a 50/50 Par...
Account Closed
Closing in LLC Question
Background: I have some buy and hold properties but I am doing my first wholesale. I have an LLC in another state where I do business, but want to keep that separate from my wholesaling.
My question...
Alan Crookham
Do we lose 50% of earnings in fees for flipping?
Is this math right? I have been in rentals for a few years now, just two properties, and am looking to move into house flipping later this year when things calm down more. I’m looking at these numbers though, and do c...