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I've been listening to the BP podcast for a few months, and now I'm looking to house hack in Chicago for my first investment. Just breaking even on PITI every month would be great to get my feet wet. I've got 15k in s...
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The main benefit everyone's raves about, in regards to using an S Corp to flip properties, is being able to funnel some of the profits as "distributions" and limit self employment taxes.
However, in my situation my ...
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Throughout the internet, there are too many contradicting responses by CPAs on teen kid's pay for assistance in parents' rental business work. Brandon Hall Vs. Mark J Kohler to name a few. One says that W-2 is needed ...
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Hello BPers. This is my first post. I have been looking tirelessly for good forums with some real life lessons on landlording/property management straight from the trenches, and this has been the best site I've foun...
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I am looking to use the HELOC to take the equity from my primary residence and use it as a down payment for an investment property. I am not in a position to use the investment property as my primary residence to hous...
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Hello BP family! I hope all is well everyone I was looking for some advice on markets, submarkets, and class to start targeting. I'm in a small town about an hour of outside of Charlotte, NC. I'm in the early stages o...
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BP Family,Have you ever had a tenant that always calling you to do a maintenance? Or consistently finds a problem for minor repairs? What have you done differently to reduce the numbers of complaints that something th...
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My wife and I are considering getting a home closer to her family to stay in for extended periods and holidays. The current option that we are looking at is buy, live in 1-2 months of the year, convert to MTR or STR...
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Hello everyone,Im just starting to get my feet wet in real estate investing so I'm going to go ahead and apologize for all of the dumb questions I'll be asking haha.Now that that's out of the way, my name is Matt. I'v...
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Posting for a friend of mine who would like to remain nameless. Thank you in advance for anyone that can shed some light for him. He is a biggerpockets follower so he will see your posts. ....."Purchased House from...