We have a flip that we completed and like so much that we are considering moving into it for a personal residence and refinancing it to a primary. Are there any tax implications since it’s currently in an LLC and will...
I just purchased a 12 unit bldg which has three corporate units. They pay between double and nearly three times market rent which is great - but LL pays for all utilities, furniture, etc.
I'm trying to brainstorm id...
Hey BP,
Currently, I'm living "Down Under" and continue to run my business remotely. Lately, I've been looking into a virtual address for my business? (My current business address is registered under a relative. As ...
HI BP. I've been presented with an opportunity to manage 1 to 4 single family homes in my home town. What do you think a fair price would be? I've been asked to collect rent, manage contractors, rent apartments etc. I...
Just starting to get my feet with in flipping. Prior to getting under contract, is a LLC or S-Corp a better business plan for flipping? Would it be same for rental properties?
So 2015 was my first full year in the real estate business. Someone published an article a week or two ago about making sure we get our 1099s together out to our contractors and such. I honestly didn't know I had to...
Hi, I’m new to this website, but heard I can ask all of my questions here. I was wondering what you guys think the best company structure may be in terms of entities in terms of both flipping houses and also holding r...
Hi,SMLLC to flip homes. Say I make 30K in gains during a year flipping homes. 1. I decide to take 15K as my annual pay. Can I take the Pay at end of the year when I'm filing my taxes OR do I have to pay quarterly esti...
Is it true that I need a business entity set-up in any state that I do real estate investing in?
Hi all, I am involved with a horrible HOA. I just was looking on the state website and saw that our HOA was forfeited in 1997. What about all the regime fees I have paid over the past 8 years? I don't understand h...