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Hello,
I am flipping single family homes (all cash deals) and am wondering if other NJ flippers can help me....
I am wondering how long you hold your flips? I know after 12 months there are tax benefits vs selling ...
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Hello fellow BP members. I live in Houston, Texas and are getting ready to open a new business bank account for my newly formed LLC. Are wondering which banks may be more friendly and convenient to us real estate rent...
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Hey Bigger Pockets Fam,
I have a friend who is interested in renting out his lodge on Airbnb but he is not interested in property management. Any suggestions on how much to charge as a co-host if I put in that work f...
Hello fellow househackers!
Two questions for the group in celebration of tax holiday cheer.
1. Does your tax preparer have you use a 1040 schedule E or 1040 Schedule C?
2. Which portion of the tax code do they ref...
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My wife operates a profitable salon located in a small 10,000 sq ft strip mall and is currently paying rent of $5k per month for 2,000 sq ft space within this mall. We have saved up approximately $250k of cash and hav...
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Hey BP! So I'm slowly moving into the raising capital/partnership space and was wondering how others structure their business for raising money. Say I want to start "XYZ Capital LLC", clearly this LLC does not hold ev...
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I am underwriting several deals that are 72, 74, and 84 units. I'm assuming these all need on site managers? The existing T12 shows 24,000$ for a "property manager" however that seems too low for an on site manager. M...
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Hello everyone and thanks for any feedback. This year i bought and renovated a few mobile homes in FL under the same LLC and already rented them out. The income is coming in to the LLC's bank account. My questions are...
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I have seen that many of you have an LLC. What are the benefits to a landlord that only has one property.
Should I create one?
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My brother is a fairly new licensed contractor and started his business about 5 years ago. He is ready to start flipping homes. He is asking me to be his partner. However, when discussing how we would distribute profi...