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We're starting our flipping business this year in order to fund our buy and hold strategy. And I understand that income from rehabs/flips is taxed at the highest level. However, we intend to use all profits for the pu...
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I am wondering if someone can help with an issues or point me in the right direction. I purchased a condo in 2007. While buyers were purchasing condo's there were also renters renting and still on the premises. The...
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Hi BP experts, Im looking to purchase a multifamily property that is owned by an LLC. For various reasons im considering buying the Business VS. buying the property, now my question is: Does the property tax assessmen...
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I am just about done setting up my LLC, Does anyone know if you need a business license or seller's permit in Virginia?
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Hi gang,
I'm just starting to look into/learn about commercial lending, and of course the terms on residential loans are typically better, sometimes by a large margin.
David Greene and other BP hosts talk about how ...
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I bought a flip for 60k i sold it for 95k 5 months later the rehab and holding costs were 9k, where do i show the profit? on a schedule D? thanks, also My friend and I bought a property together, we rent it out, do we...
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just like the title says should I purchase homes in my personal or under entities like an LLC.
I have read if I use an LLC I will get double taxed in the USA and in Canada
Does anyone know if this is true or not I a...
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Can someone please explain why it is better to form an LLC rather than Incorporating when starting a real estate investing business?
Thank you.
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Good Day BP, I'm interested to hear what Canadian investors have to say about rental properties in USA. How complicated was the process for you to get a mortgage? Were there any things you wish you knew before? If yu ...
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Hello Bigger Pockets Community,
I hope everyone is doing well. I’m reaching out to this knowledgeable community for some guidance as my partner and I embark on our real estate investment journey.
Our Situation:
Par...