Justin Lee
W9 to 1099 for independent contracts
I have a few vendors that I paid over $600 for services that were independent contractors and wanted to know the process for taxes. I have some W9s and some I don't. How do I proceed from here to include the labor cha...
Monish Anand
Bloomington, IL from California - should I invest?
Hi, California investor here with 3 SFH's looking for a different market. Other than Property Management issues - what are things I should consider when investing in a place like Bloomington, IL? Do homes break down m...
Will Porter
Using HELOC to buy-and-hold, how do you pay it back?
I'm curious if it makes sense to use a home equity line of credit (HELOC) to fund the down payment & rehab on a buy-and-hold rent property, but I'm not sure what the exit strategy would be. If you just pay back th...
Tiffani Hollis
Appliances - New or Used?
This is my first major rehab and I'm trying to be creative about stretching my budget. It needs all new appliances. I see some great deals on FB Marketplace - Is it better to buy one used (obviously making sure it see...
Rich Simpson
How to get out from underwater ethically?
I'm new here...Our house is underwater by more than $200k. There's no sign of it being anywhere near what we owe on it, let alone 20% over in order to refinance in 3 years. Yes, this was a 100% financed, 7 year lock...
Caroline Gerardo
Many Times I Said Don't Waste Your Money on LLC Vesting. Now this:
Furniture for Sale From Luxury LLC Corp. $1.
Sorry to tell all the cottage industry attorneys and gurus on BP that owning or vesting in a LLC no longer keeps your identity secret. It really never did. If you appl...
Tyler Kress
First Timer - Private Money Offer on SFH Rental
First timer with only a few weeks of REI study. Any feedback you can help provide would be appreciated!I have 22k in the bank and comfortable parting with 10k tops (up to 15k on heloc also available). Should also be n...
Andrew Noway
Taxes, oh taxes (non-resident)
Hello All,Since 2014, I've slowly started moving some of my investments over to real estate crowdfunding sites. So far, I've invested 200K between Patch of Land, Realty Shares, Realty Mogul (not a fan), ifunding (not ...
Jose Vasquez Dickson
CPA Tax Sentry - Any reviews?
Hello BP,
I am a new real estate investor and I recently opened up my LLC for real estate as I am getting a rental property in the next month and plan on continuing to build my portfolio with the BRRRR strategy.
So...
Robert Jenkins
Differed sales Trust (1031)
I was wondering if anyone is familiar with the Differed Sales Trust (DST) which is a "legal" substitute for the like kind 1031 exchange.
Where you can exchange from real estate into some sort of "annuity" but you can...