Is it beneficial to have an LLC before flipping and rehabbing homes? What are are some drawbacks you've encountered by not having an LLC established?

I have a motivated seller that would like to sell but cannot due to some restrictions in his area. If he were to sell any time in the next 15 years, the new buyer would need to meet a long list of low-income requirem...

With the tax breaks that come along with owning a business, should I register as a business before I start flipping houses?  I'm just concerned that the money gained will count as income which could be a tax nightmare.

The higher the cap rate the lower the purchase price and value! Right?

Thanks

Hello,
I am looking at building a primary residence with one of the large builders in my area. The Utah State Legislator passed a law last year overriding all HOA's allowing Primary Residences to have rentable ADU's...

Do real estate agents pay taxes on commissions they receive for the sale or purchase of their own home?

Hello,Currently evaluating several offerings in East Central Illinois.  Current offerings calculate out to a little over 3% appreciation per year since 1999.  Each have 2 and 3 bedroom mix, near universities, C+ (ish)...

Hi Everyone!
 My current situation is that I am living in Denver, renting a house here with my girlfriend, and am trying to purchase my first rental property in my home town of Ohio (cleveland or akron area to be spe...

I am sure this is a pretty basic question with a straight-forward answer, but I have thought about it too much and gotten myself confused by my own thoughts.

When purchasing a rental property, it has been standard f...

I'm a new Real Estate agent from Mississauga, ON and I'm fairly new to BiggerPockets as well. I have been loving it so far and I have learnt quite a bit from the various forums and articles I've been reading.  I own a...