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I manage 150 units across 30 properties in Miami. I work for a single owner. We are projecting to pay taxes on $1,500,000 for this year and $2,400,000 next year. That about $500,000 in taxes this year and $800,000 nex...
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I made a bad investment on a cheap warehouse in Detroit for my landscaping business. I paid for in cash for 20k 4 years ago. It's in a very bad area and it got broken into a couple of times. Not feeling safe I moved ...
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Hey everyone, I need some advice. I have a tenant who is complaining that his fridge is broken and leaking, but the repairman cannot find the source of the leak and said the fridge is working perfectly. There is water...
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Colleagues and friends,The original GOP reform thread started by @Brandon Hall is well over 200 posts by now. This is one of the follow-up threads specifically for discussion of new creative tax planning strategies, i...
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Hey Everyone! I purchased my first rental, a duplex, in January of this year. After the tenants left last month I started the rehab process to bring the units up to speed and increase rents to market rates.
The sco...
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Hi,I'm working with a mentor to purchase my first NPN in OH.We've done DD and are proceeding to purchase. I assumed that the purchase would be held by his corp and my corporation jointly. However, he just asked that...
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Hi guys, I'm new to the forums but have been listening to the BiggerPockets podcasts for the past few months in preparation for making my first investment property purchase. I'm really excited to get started with my f...
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Hello BP Cleveland, OH community! My wife and I are in the middle of flipping house #5 and so far, so good (knock on wood)! We've purchased most from a RE agent/friend off the MLS to date which has been profitable but...
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You can look back at our 2021 Year-end Wrap-up Post for further perspective.Economy- my perspective right or wrong throughout 2022. This is the basis for some of our business decisions. Basically, put our money wher...