My name is Jason, and about three weeks ago, I did my taxes, and for about the last 4 years or so I kept looking at the amount of money that the wife and I are paying in taxes.I started to research ways to invest som...
Ok so when we had our inspection we knew that the breaker box was going to fail. It was rusted had open spots in the panel and moisture damage was present the main wire had what appears to be burn damage on it coming ...
As I'm trying to come up with estimated closing costs to run the numbers on potential deals, I'm trying to turn a more critical eye to the closing costs from buying my personal home last year. It turns out that I pai...
Hi all, I'm getting ready to go live with my very first rental. I want to set up a separate bank account to have rents deposited into. My question is; should I have multiple accounts to split rent revenues? What i me...
Hi everyone,
I own a development company that primarily flips houses in MA amongst various other GC and design work. When we started a year ago and a half ago, we were told to structure our business as an LLC and ele...
Hi all,
Just want to reach out to the BP community to see if there are any good books our articles that will give me a good birds eye view of what is possible as far as tax write offs as I am a new landlord/RE inve...
Hi Everyone! I have recently gone under contract for my first duplex in Indiana and it is a cash deal for $75,000. I could not get a conventional mortgage for 2 reasons: a.) the loan amount was too small; b.) we just ...
Hi. I am planning on selling a rental property in 3 months. I am trying to determine how much tax I would be responsible after sale. One thing I am not sure about and I can't seem to get an obvious answer is: are yo...
I am a aspiring RE investor that just received my RE license. Between operating as a practicing agent and buying investment properties I know I need to form an LLC or incorporate. I have received advice for both strat...
Here's the backdrop....For the past 20yrs I've ran a residential design/build company. 10yrs ago I was able to get into REI and now have 6 properties total (2 personally (1-ABNB / 1-SFH LTR)/ 4 (LTRs) in a LLC
with ...