Steve Blair
s corp or llc?
I was wondering what was recommended as the preferred company set up for a rehabber. I do not have any partners, plan to rehab primarily and am located in Orlando, Florida (no state tax). I've asked an attorney and ...
John Ryan
What is the difference between LLC, Scorp and Ccorp
I am just starting out and part oif my plan is to form a corporation. It will consist of me and my wife. What is the difference between a LLC, SCorp and CCorp? Is it just the taxes paid and structure of the corporatio...
Eva Mackowski
solo 401k or self directed ira?
Hi Everyone,I've been reading the forums and discussions on BP regarding Solo 401k vs SDIRA's. I left my job last year, and have started a real estate investment company (LLC) and am getting ready to invest in rent...
Drew Clayton
Lending for 1099 + W2
My girlfriend is trying to get a primary residence mortgage loan with a low down payment, and has decent income, however she is running into trouble securing lending because she has both a 1099 job and a W2 one.
The ...
Collyn Bennett
Big success for first STR how to grow from here?
Mid 2022 I listed my first short term rental. It is a detached garage that I converted into a guest house. I designed the floorplan, finishes, and even did almost all of the renovations. This place has been almost 100...
Michael C. Trippi
Best tenant credit/background checks for free?
What is the best way for a new landlord to screen a tenant's credit, financials, and background for free?We are new landlords searching for a first tenants and want to start off right.
Sreeram Kosaraju
Analyzing location for out of state deals
Hello all,
How do you get confidence on the deal when you are looking at out of state deals? I came across a property which I felt was good when i ran the numbers but not sure if the location is great and will be ren...
Davit Gharibyan
Corporation or LLC
Hi, I have an LLC that holds the real estate and the other LLC is handling the management (getting rents, sending payments, etc.). As I was preparing my taxes, my tax professional advised me that management LLC is red...
Luis Arguello
Strategies to reduce taxable income while deploying capital to build wealth?
I manage 150 units across 30 properties in Miami. I work for a single owner. We are projecting to pay taxes on $1,500,000 for this year and $2,400,000 next year. That about $500,000 in taxes this year and $800,000 nex...
Michael L.
Potential Scenario Question
Hello!I have a question when it comes to finance and primary residence. Can I keep my current mortgage obligation (FHA, 30 yr) for my primary residence IF I decide to move to a new house and rent my primary out? Keep ...