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Hello BP,We are currently trying to come up with an accurate, yet cost-effective method of tracking inventory we stock on our trucks. This includes regular items needed in order to repair and maintain rental properti...
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Hoping to get some feedback on whether this is a good idea or not.
The thought would be to set up a property maintenance company to service our forty units and then offer services to other property owners.
At the mo...
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I'm looking for a good CPA, in the north of Atlanta area, who is either active in real estate investing or works with a lot of investers. I would like to sit down with a CPA and have them help me put together a goo...
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How much income does a wholesale business need to generate for an LLC with S-corp taxation to make sense? For example, let's assume my day job satisfies my social security tax and the wholesaling business does the fol...
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We've done 6 deals ranging from complete tear out rehab to 3 buy & hold. Now we're ready and looking to go up a notch. A CPA with interest and experience around the small RE investor needs, we believe is part of...
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I am selling a lot that I bought about $7,000 in 2013. The sales price is $110,000. The lot is owned within one of my businesses which is an LLC with an S-Corp tax election. I think this might have been a mistake t...
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So I just posted my first article for the BiggerPockets blog. After hitting what I'd call a Grand Slam flip that produced a net profit of over $800,000, and at the risk of sounding boastful or as a braggart, I was co...
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How do you guys go about paying an individual for work performed? For example I know Joe Nobody that does plumbing work, and he does a great job. Can I offer him a side job, if so how do I pay him and account for it...
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Hi all! I'm buying a hotel and decided to document my entire experience here for posterity, from finding a deal to financing and owner-operating the place. This post will be an "intro" to what put us on to hoteling an...
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Hello BP Community!I'm a residential investor in FL and I have been considering expanding my portfolio by purchasing an assisted living facility (ALF). This is a very new venture for me and I would be very grateful to...