Emily Di
Quickbooks Online Usage Limits - Help need alternative
I'm over the new QBO usage limits due to depreciable assets. Is anyone in the same boat and if so what are you doing about it? I have 4 QBO accounts so the idea of paying $150x4/month for the new "Advanced" QBO accoun...
Larry Flanagan
Should repeat sellers be paying full commissions?
If i am selling a house every month or two should I be negotiating a discounted commission? I'm having to pay up for deals on the front end so it seems like the realtors are making as much as me on flips. I dont thi...
Jan B.
Have I been ripped off from wholesaler?
I just closed today on my first flip this morning and gave the closer a check for the full price of the property.County records reflect that the owner is Mr Tom Smith. He is in another city and left the property as i...
Thomas Lord
New STR manager questions
Hi guys, Starting out in the STR management space and have a couple currently under management from friends and family relationships. Ive been browsing the forums and trying to find the biggest issues LLs have with pr...
Mary Ainsworth
Estimating property taxes for analyses
Hey! I'm just learning how to analyze deals and I'm confused about how to estimate property taxes. option 1: someone told me that property taxes are about 1.25% of a property's purchase priceoption 2: the mortgage est...
Sri Voodi
CA residents acquiring real estate in NC thru a partnership LLC
Title pretty much says my situation. 3 investors in CA are pooling money to buy a SFH in Charlotte. It will be a cash offer so no financial institution is involved. Some questions - Where should be set up the LLC? CA ...
Erin T.
Coverting to Legal ADU - NELA
Hello BP commmunity! My family and I live in NELA (Highland Park/Eagle Rock) and have an illegal ADU in our backyard (studio, approx 400SQFT, bathroom, no kitchen). We don't now exactly when it was built but it's prob...
Vlad K.
Real Estate Agent Contract - Is this normal?
So I’m making an offer on a place in Pittsburgh, PA and my realtor sent over the purchase agreement and agent contract. I’ve never seen a contract like this (my other property is in OH and my friends have purchased i...
Ryan Vienneau
LLC structure for separate holding LLC's, property management LLC
Need help from the accountants out there, there are a lot of posts on this topic but none I could find that address this question and my CPA wasn't much help (may need a new CPA)...I just moved my buy-and-hold rental ...
Mike D.
Are Sellers shopping my potential offer?
I look for homes that have been on the market for 60+ days to avoid the competition and get a good deal. Maybe it's just a coincidence but I find that whenever I tour and express interest in these homes all of the sud...