...how do you work it out with the contractor? Do you go with them to buy supplies? Ask them to front the cost and once they deliver materials and show receipt you write them a cheque? Do you have them compile a li...

Next week I am planning to do some extensive year end cost analysis on my expenses so I can figure out how much is going towards cleaners, toilet paper, coffee, misc expenses etc. Can I count those hours as Material P...

Hello BP,I am in the process of finalizing my first flip in South Jersey, West Deptford Township to be specific, about 20 minutes outside of Philadelphia (I add that because I know Philly could have options I can cons...

I'm working on a deal, have contractors labor cost but I need the material cost.  Does anyone have a list of cost per project including material?

Please kindly assist me in locating suppliers of wholesale fencing materials in the Dallas or Fort Worth Texas area.

So i was researching about passive losses and i found out that i cant claim passive losses if i dont materially participate in the property or (if i am not a real estate professional). How can you show material partic...

Hello,I was told to get my 'seller's permit' for CA to purchase materials at 'wholesale' cost for my flips. I'm trying to figure out how this works but am having trouble finding here on BP and google. Does anyone on h...

Hello everyone. I'm new here and looking forward to networking with you all.. I'm building a team in the Montreal area. If any would like to group up, I am definitly interested in meeting you.  I'm looking for constru...

I converted my primary residence to an STR around June after living in it for a year. The title and mortgage are still in my name and not transferred to my LLC. I meet all the criteria for material participation and a...

I have some questions about the material participation rules for the STR tax loophole. I would appreciate any insights.
1- In a partnership or LLC, can both partners benefit from this strategy if they invest in the s...