Sal Livreri
Figuring ROI on money I would lend
I am considering lending my money out to REIs. What I am trying to figure out are the ROI on this and the mechanics/logistics.I set up an excel spreadhseet to try to do this. The assumptions are:1) It is an amortize...
Curtis M. Leidig
Affidavit and Memorandum of Agreement for Purchase and Sale
I was negotiating with a seller and the seller sent me an offer and the seller said that they would not accept any changes to their offer. I signed the offer and immediately sent it back to the seller. The next day t...
Ray G.
Registered Sex Offender
I have a tenant who's been great for the past few years. She moved in with her son and daughter who were in high school but have now grown. The son has moved out and the daughter has a boyfriend who just moved in (w...
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...
Brandon G.
-New IRS info today! - 20% QBI Deductions on rental income...
For those that are interested, see the new IRS Notice 2019-07 that was just released. After a quick skim (page 7), it looks like we finally have our guidance on possibly claiming the 20% QBI deduction on rental income...
Daniel Mrestani
LLC v. Personal Name & Bank Account for Rent Collection?
I think this is the right place...
Getting some of my ducks in a row to dive in.
I know an LLC cannot get a loan on property through a bank. But curious on once I start collecting rent (yes, getting a bit ahead of ...
Matt Buchalski
Tenant wants to open a daycare in my rental
Hey everyone, A tenant in one of my properties wants to open a daycare in a rental i own in Garland, TX. Has anyone ever done this? What do I need to protect myself from liability? I assume I should make her incorpora...
Hansel Gunawan
House Hacking in Seattle?
Hey, I'm planning to buy a property in Seattle, WA area. Any one of you familiar with the area? If so, which area is the best for investing?I'm thinking maybe around UW area or Bellevue?Thank you!
Nathan Frost
1031 Exchange / Advice Tips
Hi, I have two properties that I am looking to sell but once to use the profits wisely. My plan is to buy 1 STR and 1 LTR. How can I go about doing this either with a 1031 or what is the best method to attack this? ...
Account Closed
1099 or receipt from contractor
If I pay a contractor for work performed should he give me a receipt or do I 1099 him? He uses his own tools and I give no training or anything. Thanks