Mohabub Miah
Buying multi unit property under a corporations
Is this possible, can a person form a corporation and buy a multi unit property under the entity. With a down payment of 20%, also the buyer can guarantee the loan just won't show on the credit report. I am trying to ...
Dina S.
Do you or do you not need an LLC to start investing?
Hi everyone, I’m trying to understand the basics of investing. I’m confused on whether or not I need to start with an LLC or not. I recall on a bp webinar if investing in single family homes you don’t, but for multi’s...
Saran Mandhadapu
Please HELP - Need advice on which mortgage option to choose
Could you please give me advice on which Option to choose. I have to buy the property on my own name for option 1, whereas I can buy the property on LLC name for option 2.Does paying more each month in Principle and I...
Earl Stewart Jr
Filing taxes for 1st flip project bought with Scorp. Which forms?
Purchased property in 2017 and sold in 2020. It was bought under my S-corp. I know that S-corps file 1120s but where does the sale of property go? Schedule D or Form 4797? What about the closing costs? I should includ...
Colin Flynn
Any recent success with MTRs in Huntsville, AL?
I have been interested in the Huntsville market and am curious if anyone currently has MTRs in the area. With the Army base, Hospitals, Universities and new Corporations, I was thinking that it might be a good city fo...
Steven Gilbert
legal set up to wholesale in Florida
We wholesale in Arkansas now but wish to help our son get started in Florida. Can anyone please give us advice on the legal set up and the practicality of doing business around Melbourne?
Kevin Stein
Starting an LLC - First Post
Hello everyone,This is my first post on BiggerPockets. My friend and I want to buy a house to rent out and split it 50/50. We already found a deal and I'm looking to start an LLC to put the house under. I've been doin...
Pamela Rivas
Can foreigners buy Real Estate in Mexico? Legal process explained!
As a Mexican real estate agent living in Canada and with a presence in the United States, one of the most common questions I hear in the investor community is: "Can foreigners buy real estate in Mexico?"
The answer i...
Account Closed
what do I send to my independent contractors as far as a tax form?
In 2014 I hired a few local guys that worked for me as an independent contractor. They made over $600.00 for the year. I had them fill out a W-9 as well as a independent contractor agreement. Now that this is January ...
Cory Brown
Do you include or exclude taxes?
Hey there,
When forecasting a return for a corporate investment structure, do you subtract state and federal taxes from your ROI calculations? *** I ask as it doesn't seem that the BP deal calculators factor in state...