How do you guys go about paying an individual for work performed? For example I know Joe Nobody that does plumbing work, and he does a great job. Can I offer him a side job, if so how do I pay him and account for it...
Being fully bound from being able to do evictions for nearly any lease violation, I am concerned on the future of how this will play out. I'm looking for any loopholes or ideas with current leases or future leases tha...
So based on the podcasts from a couple of weeks ago with the gentleman from Mississippi and some other things I've been hearing, text blasting kind of seems to be the new wave of direct mail. I like the idea because y...
Hey BP,
Could someone give me a run down of how 1031 exchanges work? I understand that the benefit is you do not have to pay capital gains tax, but how does it work exactly? Any feedback would be great.
Thanks,
Tom
As mentioned in another post, I am doing my research about opening a self-directed Solo 401k. Sunwest Trust was mentioned here on Bigger Pockets as a no-frills option. I contacted them and ended up with another ques...
I've read that a business owner can hire their children, then fund a Roth IRA for them since they have earned income. Are there any reasons this would be a bad idea?
Hello BiggerPockets, I needed to just let this out and ask for an advise. I am a first home buyer. I am under Due Dilligence currently on a renovated townhome. My realtor suggested I should offer 10k on top of apprai...
Landlords! What do you do when a tenant calls in the middle of the night?
Hi everyone! My name is Esi and I am just getting into the world of real estate. I came across a deal that has foundation issues. It was priced below market value and I would still be doing further negotiations if I w...
I bought a house in 2011 and lived in it prior to moving out at the end of 2014. February of 2015 I began renting the house. I am trying to determine my cost basis for depreciation. I know that it will be the lesse...