Hi, this is my first time posting. I have a tax question. My husband and I got lucky with our first property. We bought a home for $120k with the contingency that the woman who lived there could stay (divorce, but the...
Has anyone had any success or failures in the Jacksonville, FL market? Most of the articles and reports I read rank it as a good place to invest, but the taxes and Insurance are rather high to me. Looking forward to y...
We need to move my mother out of her rental because the place is falling apart (really bad landlord). She's been there for over a decade and she pays so little rent that it's hard to find a place that we wont have to ...
This is a question for my accountant, but since he's on vacation this week I wanted to see if anyone has had a similar experience. Here's my dilemma: I have struck a deal for a seller-financed acquisition of a mob...
I understand (and please tell me if I’m misinformed on any of these assumptions)I understand that an S-Corp might be the best legal structure if your business is rehabbing/flipping, wholesaling, or anything where you ...
Hello BP fam, I'm in need of some guidance. This is my first time looking into a owner finance and I'm trying to figure out if it's a smart move and what else it would entail to ensure a good deal...
A neighbor acr...
Hi everyone;
I am purchasing a sfh for a rental with a partner. I am working on a LLC for us to hold it in and had some quick questions:
1. how do we set up insurance with 2 of us owning?
2. do I set up an LLC...
So after probably too much research, I'm looking to take a leap into some buy and hold or perhaps BRRR investing, but I'm short on savings, while long on IRA assets. Rather than wait any longer, I've decided to use m...
@darrensager I'm curious to know what most property owners do when it comes to protecting yourself and also tax purposes. I read some pros and cons for putting rentals in an LLC. The one that concerns me the most is...
So I had a great idea this year to generate some additional rental income. I have some rental properties targeted to mostly young professionals in Philadelphia. My tenants are all highly educated, well qualified, and ...