Britnie Daugherty
To sell or NOT to sell????
Hello out there in real estate wisdom cyber-space! We need some advice on a opportunity that has presented itself.We have been in the rental business for two years and have two rental properties. We have lived in our ...
Reid Schieler
Do i need to form a business for my properties??
Hi everyone! First, just a little background on my real estate investments so far. I am 23 years old and purchased my first duplex when i was 19. My wife and i have been living in one unit and renting out the other si...
Grace Porritt
Should I Pay Myself as a Manager?
I am trying to figure out the best way to take money out of my rental properties with the least amount of tax impact. I was thinking about paying myself 10% manager fee for each of my STR rentals and 5%/month on my l...
Melody Kushi
Capital From Selling Own Home
Hello BP Community!!My wife and I decided to sell our home and invest whatever profits came out of the deal. In the meantime, I have been binge watching YouTube videos, networking at REI events and attending any semin...
Jon Roland
How to know your investment strategy???
So I continue to read real estate & business books and listen to podcasts and read blogs. I have attended a local reia meeting and look forward to attending more. I am uncertain about a couple of things.
1) I wa...
Sydney Chamberlain
Tax Delinquent List Request DENIED
I called my county at the start of this week to request the Tax Delinquent Properties list. I was told to submit a public records request form, which I faxed to them. Today, I got this:Before getting this letter, I co...
Michael Waskiewicz
Does it make sense to set up an LLC?
Hello,I own a home in Westchester NY that has an accessory dwelling unit which is a small apartment above the detached garage. Would it make sense for me to set up an LLC and what type of benefits would I receive fro...
Kumar R.
EIN for property LLC under Umbrella LLC
Hi,I wanted to check how this entity structure works. If there is manager-managed umbrella LLC and have property LLC with member as umbrella LLC. Can we get EIN for property LLC using name, address and EIN of umbrella...
Jared Cauffield
It's a Family Affair - Self Directed IRA & Selling to My Sister
Hi BP!I am looking at some deals in my hometown in Ohio and these being my first deals in this area after having success in other areas my family is looking to be more involved.1) My parents would like to invest in so...
Cerise Goldberg
Do I need a separate bank account
Hi, I just bought my first rental property. Do I need a separate bank account?