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I am starting several projects in San Antonio, TX where I will be the GC for the projects. I have been obtaining insurance quotes to satisfy the City of San Antonio requirements for insurance. The quotes have sought i...
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Hey everyone. There has been a few posts about lending on STRs. Some have said that a working Short Term Rental is worth more than a similar comp in the same area based on that revenue.
I have said for years, along w...
We are considering purchasing an income making property and business combined, 10 acres 3300 sq ft home and barn. Venue is rented out for mostly weddings. Current revenue last 3 years (as worked part time) is 75-95k a...
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Below is my unsuccessful attempt to understand SBA rules - an area new to me, so I have an excuse.
PART 1 - FLIPPING and SBA
I was prompted to look into this after one of our clients, a flipper, showed us an interes...
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New Investor here, in contract on my first rental property.
If I do not have any revenue related to the property in this fiscal year, can I still take all the legal deductions? Do I have to wait until I can show rev...
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I would like to build the credit of my company under its own Tax ID. My company was started back in late 2007 and at that time I had some Investments with partners in Real Estate. Well as you know the crash happened...
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I've seen it mentioned on some posts that lenders like to see that people pay income taxes. What do they look for with conventional owner-occupied mortgages? This is conflicting because we try to write off every dolla...
Hi All! Once again I turn to the gurus @ bigger pockets for aid!I've recently created an LLC for my side business. While the business does sell physical items from time to time the majority of the revenue is from Amaz...
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Hey BP community-
Below I’ve outlined a deal I’ve found in Florida. I love the location, appreciation potential, the property needs work but already as lots of character. And most importantly the numbers just make ...
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I am planning to get an app developed for real estate. I don't think this app will make any money for at least two years. I would like to expense the app development expense for these two years. I am thinking of setti...