Megan Hirlehey
Paper Trail for Cash Purchases
Hi BP,How do you create a paper trail for tax purposes when buying things (secondhand appliances, supplies, etc) off of sites like Craigslist where sellers usually require being paid in cash? Is a simple signed hand r...
Zaid Bender
Offices and retail spaces
With all what is going on in the online business and e-commerce. There is a huge move in the product business to online sales. That will create a huge loss of business for retailers and offices spaces are getting empt...
Ryan VanPatten
Helping grandparents rent apartment in Elmira, New York
Hi,I'm hoping to get some help from the community on renting the 2nd side of a duplex in Elmira, New York. I don't live in the area, so I wanted to ask about laws and leases for Elmira.My grandparents have used the s...
Taiwo Okusaga
Self Storage - General Rule of Thumb/Assumptions
Hello Storage Facility Owners and Operators,
I'm reviewing the financials for some properties and seeking your collective wisdom on the operational benchmarks for running these facilities efficiently.We understand th...
Alea Alexander
wholesale
hi I am extremely new to real estate, I want to start doing wholesale flips I understand the concept of how to do it very clear but I am stuck on where to get contracts from and how to do the assignment deal.....and a...
Mohamed Nagoor
Year End Accounting Question for Flipping Business
Hello BP Team,I'm in the process of selling my 1st flip via my LLC. I do maintain records and receipts of all of my investment activity for this flip via excel. Trying to understand the Accounting/Book Keeping work ne...
Tony Thomas
Should I start a property management company?
We own and self manage three rental properties. Two of them are in Kentucky and one in Florida. We would only plan to manage our own properties.Would there be any tax advantages to starting our own property management...
Jacob Jesse Hodge
In need of some pointers
Hello, my name is Jacob Hodge and I am 19 years old. I started a construction business with my father at 16 (after leaving highschool because it wasn't for me and graduating online). For the first year we renovated ho...
James Shahan
Accepting an EIDL loan from SBA as a Sole Proprietor (no LLC)
This is a post that details my experience with accepting an EIDL disaster loan amount above 25k where my properties are held in my personal name, no LLC. A lot of people hold properties in their personal name, includ...
Mike Dawson
Strategizing moving forward(also seeking business credit advice)
Hi. New investor here. Getting things moving along a little slower than I'd like, but making progress nonetheless. A little about me...mid 40s, married, 2 grown children, still in the area I was born. I've had a f...