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In instances where you purchased from a corporation as-is and they don’t have utilities in their name to be tested in an inspection, is it common to purchase a home warranty for protection? Any thoughts?
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We just finished a rehab and put the house on market. We are at mutual right now and my partners would like to change our Llc to a S Corp. They say it is better for tax purposes. We will also dissolve the S Corp after...
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I live in a 6 unit building that is all owner occupied at the moment. Our HOA is incorporated. My idea is to have our HOA “business” save enough cash for a down payment and set it aside. Then, if any unit wants to ...
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Hello BP! My husband and I are new to the forums, and are steady listeners of the BP Podcasts. We are both currently employed in the corporate sector, and are highly interested in getting into real estate investing. W...
I own a remodeling/handyman business in Chicago. Its been a slow winter and we are moving to a new office that is eating up lots of my cash. I am in a bit of a cash crunch for the next few months and wanted to tap my ...
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I'm getting ready to quit claim a property into my LLC's name, but I thought about insurance issues. Can I keep the insurance in my name or do I need to move the insurance into the name of the LLC. Also if I do chan...
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I used a Rollover for Business Startup (ROBS) to start my REI business a few years ago, rolling over 401k funds. I fell behind due to personal/health issues in filing the 5500 (3+ years) but my business also did not m...
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Im a new construction specialist/private REI investor working for a national builder in the Des Moines area. I used to do long term (5 year) flips in FL and now do shorter term (3 years) Buy & Holds. I picked up m...
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Hi BP Forums! For those of you who have properties in multiple states, how do you structure your LLCs (or other entity)? I intend on purchasing in more than my home state and am researching what are the better states ...
My father and I own 3 properties (6 units). Taxes are becoming more confusing each year as we have more properties, more repairs, contractors, interest, etc. What is the best way to file our taxes so everything is spl...