Timothy Howdeshell
To MBA or Not to MBA
Hi BP,I have been an avid consumer of real estate books and podcasts produced by BP. Therefore, I really value the type of thinking common among our community members. This post is asking for general advice and strate...
Account Closed
Eligibility/ Clarification 199A and Self Directed 401k
Me and my partner set up an LLC in CA (taxed as a partnership) in 2019. We are the only individuals in the company and performed over 1000hrs each this year and will continually maintain those hours developing our lar...
Account Closed
Am lost on taxes and accountant seems too busy for me
With year end getting close I am trying to figure out what to do with my businesses to minimize my taxes. Cash is king. Can someone please help me. The online tax calc seem to not line up with my calculations.
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Tyler Clark
Seeking Advice : Renting out $500k 3,300 sqft New Build
I have a brand new renter friendly $500k 3,300 sq/ft home in the Houston greater area and I am considering renting it out as I work overseas and don’t need to occupy the home. I am curious about others success renting...
Julie Marquez
How Much Money Do You Have?
How much money do you have?Is that an appropriate question on a rental application? What are the best questions you ask on an application?(I have a couple of solid templates, but looking for commentary or anything you...
Yas Tahir
Is passive rental income subject to Self Employment Tax
I am a passive real estate investor (no full time job) and own a few rental properties tru my LLCs. I just noticed that I pay Self Employment Tax on the total amount of net income? My return is prepared by my CPA. Is ...
Jessica Kiely
New rental - attracting a qualified tenant
Acquired our first rental property and working to attract a qualified tenant. The rental is listed on Facebook and Zillow: https://www.zillow.com/homedetails/102-S-30th-St-Harrisburg-... We have had 3 showings but hav...
Giedrius C.
Passive investor in flipping and self employment tax
I will be a passive investor who will finance the flip and my partner will do all the work and we will split profits according to our agreement.My preferable way would be to buy it in the name of the LLC I own 100%, m...
Andrew Rivera
How to Present Owner financing
I’m finishing up my Bachelors Degree at Olivet Nazarene University. I found a duplex in my area for sale for $149,000. The owner has 5 buildings with a total of 10 units. I found his address online and am curious as t...
Account Closed
Real Estate Brokerage for New Agents
I am currently employed as a Registered Nurse and have been a RN for 18 years now. I would like to focus my time on real estate and definitely leave nursing ASAP. I am working on my real estate salesperson licensing. ...