Anthony Surico
Separate LLC's with Ownership into a Partnership
Hi BP Community! My buddy and I, both 25, have worked closely over the past couple of years on different non business activities for the community and we are looking to join together to form a business relationship wi...
Rachel Mellies
Calling all experienced Investors that work with PMC’s.
After weeding out many, I’m having a hard time choosing between the last two PMC’s on my list. I feel like I could flip a coin and be happy either way. they each have many similarities on important topics so I won’t d...
Kyle Scholnick
Are down payments on rentals tax deductible?
I know the mortgage interest and any expenses associated with the rental property are tax deductible but, is the down payment of a rental property tax deductible?If I put $40,000 down on a rental property, can I deduc...
Jason Arcuri
Loyalty to a realtor?
As a smaller investor, should you be loyal to a realtor? I don't think there's one right answer to this. So you know im a realtor and today I got the inside track on a wholesale deal. I partnered up with someone who...
Ben Bakhshi
Using a Property Company to Save on Tax
I found a great article here: http://www.propertyinvestmentproject.co.uk/blog/using-a-company-to-save-tax-on-rental-income/ (hope I can post links, not my content)
But it is only relevant to the UK. Is there such a g...
Gilles D.
Liability issue and optimal tax structure
Hello everyone,I am an overseas investor and own 3 SFH in America.Currently, they are owned in my personal name.I know putting the properties in an LLC, even if it's solely used as a pass through entity, provides me w...
Tim Stuart
Just closed on another TurnKey in Baltimore
Investment Info:
Single-family residence buy & hold investment in Baltimore.
Purchase price: $165,000
Cash invested: $33,000
We just closed on another property, this time in Baltimore, MD! My adv...
Jeb Armstrong
Renting or Flipping
When I purchase my first property, would it be more logical to flip the house or rent it out? Also, which is better in the long run, flipping or renting? Pros and Cons of each?
Account Closed
Reappraise -> HELOC -> finish basement -> rent??
Hello Everybody,I have a question for y'all. I bought my SFR (bungalow style) here in SLC in Aug '14 with 2 bedrooms and one bath and have an entire unfinished basement that if turned into a studio style apt (bath/bed...
Kevin Sobilo
Profit First With BRRRR
I just started reading "Profit First" by Mike Michalowicz. It looks to be a simplified method of cash management. Does anyone here use this with their BRRRR deals? If so can you share your experience with it?It is eas...