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I have a newly formed LLC that has 3 members. What tax structure should we use? I like the benefits of S-Corp, however we wont be paying ourselves a salary. Any recommendations??
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I have a property under contract currently to be assigned. I have a business partner who is more experienced then I am but they don’t seem to be as eager as I am, I’m starting to get anxious & so is the seller. I’...
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Hi all,New to BP, looking forward to sharing and learning!I am looking at a historic property, about 25,000 SF in a CBD in a small/medium east coast city. It is a historic building that has great bones, but is a full ...
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Hi Everyone,
Just wondering if anyone has done this before. I live in the Maryland, Northern Virginia area. For my flips what if I partnered up with a contractor and split the profits 50/50. I would need a contractor...
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We're buying a development of 10 duplexes (20 units), and I'm trying to figure out which landlord software to use.
1 purchase/mortgage10 tax lots/tax bills/buildings/insurance policies20 units/leases
Some transacti...
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Can a VA LOAN be moved under an LLC or how would you go about getting your assets protected another way?
Hello,I am looking to buy a condo in my building where I am currently renting. It is a 2/2 with a great view, just completely gutted from the inside with no appliances or upgrades. Perfect! I figure I can fix it up...
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Hello, I have a potiential deal on my hands and Im in the middle of trying to run the numbers and Im getting somewhat confused and overwhelmed.This is my first deal and Im not sure what to offer the home owner. advice...
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Does anyone have recommendations for lenders that can close in 7 to 10 days? I'm located in Denver, CO and trying to find some options for a deal that just came up that I need to close quickly on. Trying to avoid go...
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Investment Info:
Single-family residence buy & hold investment.
Purchase price: $59,000
Cash invested: $10,000
This is one unit in a duplex (or townhouse) and it just fell right into our laps. T...