Delfin F.
Funding LLC
Hi,I have a question concerning how I can fund my investment .I plan on purchasing a rental property soon but I'm concerned about tax implications.My plan is to set up an LLC in order to loan that LLC the money to pur...
Aviv Peretz
S corp as General Contractor & LLC as an investment company
Hello,
I'm a general contractor in Los Angeles (S corp) and also own 3 properties in an investments company (LLC). My S corp makes much more $ than the LLC. What do I need to do in order to buy properties from the S...
Shannon Conklin
Tax question - First Post
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...
Michael Jones
Jacksonville, FL Market
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...
Ryan Detzel
Owner occupied if I have my mother live there?
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 ...
Cody Godfrey
First Property Bank Account
My wife and I are under contract purchasing our first property. It is a triplex where we will be house hacking and living in one of the units.My question is, would it be wise to open a separate bank account and run ev...
Melissa Reid
Computerized Accounting Class
Hello,I am taking Computerized Accounting Systems. Is it a good idea to take Computerized Accounting so I would know how to balance the books when operating several apartment buildings?
Dan R.
Seller-financed IRS reporting
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...
Andrew Oliveri
Do I establish an S-Corp or an LLC???
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 ...
Mike Gomez
Owner finance -deal or no deal
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...