Melody T.
Advice for Entity formation (Reside in CA, investing out of state)
I'm looking to better understand how folks who live in CA structure their investment entities that are out of state. I'm looking at some investments in OH and will create a LLC there to own the property, but I can't q...
Kumar Gaurav
Impact of upgrades on tax/depreciation
Hello,I am trying to wrap my head around the concept of depreciation. Let's say I upgrade my HVAC to replace old if install new condensation units worth $10000 just for the sake of numbers, how does it impact my depre...
Edwin Brown
What Is the difficult part of your business?
Every business has the difficult part. The part that keeps it from growing.
I'd like to hear what everyone's "challenge" area is for their business.
Financing for d...
Tom Wheelwright
What Does It Mean To Be A Real Estate Professional?
If you own rental real estate, there are three different ways to treat your rental losses depending on your status. One of these is "Real Estate Professional."
First, let's dispense with one myth: Real Estate Profes...
Derek Kerley
Flipping - Taxes
I might be missing something but when I do calculations for potential flips, such as 70/30. The numbers work, but when I take into account taxes I would have to pay on my gross profit (purchase price - sale price) it ...
Roshan T.
Setting Up Rental Property as an LLC
Hi BP community,Rookie here looking to learn how to set up the "business" of rental properties. - Incorporating an LLC,- Opening a bank account for LLC- Establishing accounting book- Working with CPA's, attorneys, etc...
Ryan T.
Looking for pros/cons of Partnerships...
Hello, I am looking for insight from experienced single family and flip investors in regards to partners. Is there a time when there are too many partners?As an example, three partners that all bring something to the ...
Jackson Pollack
LLC vs. S Corp with $10 million in profit
I know there's a lot of information out there about the differences of S Corp vs. LLC vs. C Corp, but I have a specific hypothetical scenario that I would like to seek others' opinion on as to which entity type would ...
Artur A.
How much time BRRRR takes per one deal
How much time BRRRR would take for a first single-family house (finding a deal, rehab management, taking a loan, etc.)? How much time do you put in and how much money do you get out per hour? Do you think it's possibl...
James Sargent
BRRR requirements 1
Is the refinancing for a BRRR (in order to get approved) based on personal finances and taxes or the asset? I know I was denied a HELOC before even though I had 300k in equity for my personal property, due to filing p...