Tino Julian
LLC - Disregarded Entity vs. Corp. or S-Corp.
Hey BP Community,I've got a pretty straight-forward tax question (BUT...all my internet research has not been able to give me a clear-cut answer). I have an LLC and was about to apply for an EIN on the IRS website bu...
Karla P.
Newbie from Austin Texas with a "good problem"
Hi,I'm a newbie here, but have been wrestling with this decision and studying up and would like feedback.We have a house in Austin we bought in a very good neighborhood/school zone in 1995 for 110k. In 2002 we moved o...
Account Closed
First deal and its commercial, help! Urgent!
I found this deal on a commerical property, and I can't make up my mind about it!
The numbers make sense, but it's an empty commercial building in a "depressed area".
Its a small retail storefront type property. The...
David Beard
Conventional Loans for Properties 5-10
I've been on a search for lenders who will originate conventional investment property loans (meaning resellable to Fannie/Freddie) for your 5th - 10th property. I have had no luck with local mortgage brokers.
In sea...
Scott Gadea
Can I write off a truck?
I owe 2 rental properties, (5 doors), in California. The 1st property is a single family home which is about 5 miles away from where I live. The 2nd property is a 4plex which is about 140 miles away from where I live...
Rich Cee
Sell before it hits the fan?
I purchased a SFR near a military base in Georgia. Purchased it for 90k and put 6k to bring it up to snuff and comps are funny due to its sqft (1251). I was told by the realtor that I may have an ARV of 120-130k. Comp...
Matt Heerwald
Proper due dillegence for passive investment opportunity.
My wife and partner are looking seriously at investing 25-50k in a build in central austin. The proforma suggests an 11mo timeline and forecasts 25% profit, with 9% preferred return. What is the proper due diligence...
Carlos Garcia
Tampa seller not willing to show interior of home
Hello,I have some potential off market single families that a seller wants to sell. One is 3/1 and the other is 2/2. The 3/1 there are 6 tenants living month to month and the 2/2 there are 9 months left on lease. S...
Gayle Horak
Neophyte seeks guidance
I am a retired CPA who has become interested in tax lien certificate sales/auctions and tax deed sales/auctions. As I am a beginner, I am looking to glean as much information from this site as I can before I stick my ...
Hugh Smith
Equity sharing contract
ok, i am starting up a partnership with a friend in virginia to fix and flip houses. My partner says we dont need to buy the first house. He has negotiated an agreement with a friend like this: we agree with the o...