Alicia Yoder
Elected to be S Corp and now don’t want it
Hey guys,I have a dog walking company and was improperly told to elect S Corp status. I don’t make enough in the company for that to be advantageous so I would like to cancel it but not dissolve the company completely...
Lisa Leon
Real Estate deal with OPM and Taxes
My husband and I partnered with a friend to purchase our 1st deal. They put all the funds for the purchase and rehab cost. We agreed to split the proceeds after close. My husband and I did all the work and renovations...
Reba Vera
Partnering up for flips
Hi BP fam!
Question for those that have partnered with a GC before, how have you structured the partnership?
I have been presented with a partnership opportunity to do flips. Short story: he is our GC who just finis...
Valerie King
Can a husband and wife have their own home loans out at once?
My boyfriend and I both still live at home with our families. Our plan is to each take out our own loans on multifamily homes, which we will house hack. So he will have his and I will have mine for at least a year to ...
David Dachtera
Ejector Sump, only serves furnace
Got an off-the-wall question...Just had a plumber here to replace the switch on my ejector sump pump. Got to see inside the sump and it seems kinda - what we used to call - groty.Now, it's not an effluent sump, it onl...
Kristoffer Bergen
BP Bellevue WA referral // tax/ LLC/ advisor
I am about 1 year into investing remotely ... I looked through some posts but looking for some advice. Here is my situation...I live in WA state and have a home, my primary. Seattle has exploded since I purchased a...
Nelson Del Castillo
Buying a house to flip with out testing the
Would you buy a property to flip with out testing the well, why and why not? I have a home under contract at about 70 cents on the dollar the property has well water and because the home is winterized, I will not be a...
Yaping Zhang
What to do when financing property from LLC to own name
Hi All,Recently I'm refinancing a property from my LLC to my own name. There's a tenant in the property. What should I do about this?Basically, I'm using the same property management company for the property before an...
Chris Licavoli
Seed Capital Business Credit Consultant
Has anyone used Seed Capital LLC to establish business credit card accounts. They are offering to charge me a fee of $3500 to establish $50,000 minimum zero % interest for 12 month card. Is this a good deal or a was...
Thomas Fortune
Details Sorounding Parnership
For folks doing rehab projects with partners, I'd be interested in hearing how you handle some of these aspects: 1) At what point do you legally form the partnership? Before making offers? (ideally i'd like to be able...