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Hi guys, I've been trying to understand the tax implications of different entity types. I've developed a really short, brief model of how an S-Corp would be taxed, provided that it is 100% comprised of rental properti...
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Good Morning,My name is Dave Catlin and I want to create a lifestyle career using real estate. I'm 27 and have an MBA and an office job I hate. I would consider myself to have the millennial mindset. I am way to AD...
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Hi All,My mentor recommended I ask for some help here for my unique situation. My wife and I are looking to buy our first home (single family home), both our credit scores are 750+ and our combined income is over 130...
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In my experience, I would say as much as possible. When I started I had $100,000, however I didn't think that was nearly enough so I decided to wholesale properties vs keeping them. What I found out quickly that har...
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Hi everyone, I'm a newbie in real estate investment. I'm learning a few courses about flipping houses now. My goal is to get my first deal in the next 5 months. I feel overwhelmed because there are so many things need...
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I have about 250-350k in my California homes equity that I’m going to tap into. My goal is to get as many rental properties and as much cash flow as possible. I was recently listening to the Old Dawgs podcast (End of ...
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I am asking the basic question of "LLC or S-Corp for Rental Property?" but with a twist....I am working to acquire my first rental property in Rockford, IL and was planning to set up an LLC to hold the properties... A...
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I am constantly warned about tax penalties due to selling a house you flip. I created an LLC that I'm going to use to invest in and flip houses. I was under the impression that only the money taken out as a draw would...
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Hello all, I was hoping you could help me with automating my rentals. I've searched the forums but haven't quite found what I'm looking for.
I started investing in 2007 and with a partner have accumulated about 25 re...
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Hello BP experts,
I hope you had great holidays.
I am facing the following situation:
I need to put 25% for my next investment. I have some savings in my bank. However, the rest of the down paymen...