Mike McKinzie
Where do you SAVE money?
Most of BP is about MAKING money. But as Ben Franklin states, "A penny saved is a penny earned!" Therefore, I would like to hear your ideas on saving money.
Here are a couple from me.
I clip grocery coupons! :lol:...
Kathleen DeNault-Ridge
Very VERY small commercial deal with seller financing
I am considering the purchase of a small commercial mixed-use property. It is a building with two current multi-year leases (post office, yoga studio...no history of lengthy vacancies), and a very small owner-occupie...
Jake Maughan
From Utah to Muncie Indiana
Guys, I need some help. I'm currently looking for my first rental and after scouring the MLS, I realized that I needed to be creative to find a good investment. I reached out to a mentor who has been in the rental b...
Anthony Green
Capital Gains tax evasion
Me and my wife have lived in our home for almost about a year and a half. We have gained quite a bit of equity in our home and are wanting to move into a larger home. We have found out that since we haven't lived th...
Brent Baumann
Am I calculating this correctly? TAXES
I have an appointment to meet with a CPA on Monday, and am researching everything now to test his knowledge in real estate planning. (any specific questions to ask would be helpful)I looked at all of the different ta...
Cody Morrell
How do you quit your W-2?
I was curious if anyone could help me out with answering a this question: How do you quit your W-2 through REI?I have read THE BOOK ON TAX STRATEGIES for the Saavy Real Estate Investor and it made me wonder how a lot ...
Phillip Gainey
What would you do?
You own a rental out of state, you fire your current property manager after only 2 months. Your new PM emails you a couple dozen photos of the property to document the condition of the property when he took over. Th...
Susan O.
Going from Sole-Proprietor/Landlord to S-corp for self managing
I'm currently reorganizing and restructuring my rentals from being a sole-proprietor landlord to having an S-corp for managing properties.I just set up S-corp for managin the properties January 2017. It's $800 per ye...
Brendan M.
What are the tax implications of paying myself to property manage?
I just bought my first multifamily property and I have been thinking about how to maximize my tax benefits on it. If i can write off property management fees as an expense, can I pay myself (either as a sole proprieto...
Jordan Thompson
Tiny home community new development - planning phase
I'm working with my dad on an upcoming project of his: building tiny-ish homes on his farm (400 to 600 sqft each). The plan is to build 3 homes: 2 for long term rentals and 1 for STR. Land is already his and paid for...