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Hello BP Community!
I have an investor who wants to act as a limited partner (in this case his LLC will provide 100% of the equity, he will get 50% of the profits along with 80-100% of any losses, and he will not tak...
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Hi everybody!I’m Josh and new to real estate. I have recently quit my job working for the government and decided to start investing to supplement the income I have just walked away from mainly from rental properties....
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Hey again all,So I'm just finding out that there is a law requiring tenant's security deposits to be held in a separate account at 3% annual interest. Is this true?If so, are these types of accounts common with local/...
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I looked for the answer to this question in the various threads but could find an unequivocal response, so for the avoidance on any doubt here is my situation/question. I purchased a fixer property for all cash aroun...
Hello!I created a new Single Member LLC in Ohio for rental property. However the property is still under my name, Do I have to report taxes for the SM LLC (which has its own EIN) that technically has no income?I do ha...
Sorry if this has already been answered somewhere but if am going to buy a 3BR SFH in a community where there is HOA (if I cannot find one with no HOA unfortunately!!) and I plan to live in this SFH for at least a few...
Has anyone used
MG Servicing Incorporated
For lending? I’m new to flips and I can’t find a lot of information on them. 5% rate seems too good to be true. What am I missing?
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Many believe and advocate that filing a homeowners insurance claim will lead to higher rates, discouraging claims altogether. This subjective and heavily pushed idea seems driven by a real sense of fear. I mean, why p...
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Hi,I’m considering launching a STR investment business and I am hoping for some feedback.This is the gist of the model:- I help people identify and purchase a good STR home that can double as both their vacation home ...
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I understand the IRS views the first day of your rental to be when it's available for use (not when you purchase) but how does this impact business/tax deductions?For example - I have a rental property that is put in-...