Account Closed
I want to open a Self Directed IRA
Looking to open a Self Directed IRA for my real estate investments. Can anyone point me in the right direction. Im from Chicago but doesnt have to be local financial institution.
Latoya Beckford
Sole Proprietor vs LLC
Are there any RE agents whose long-term goal isn’t to remain an agent and/or own their own brokerage and have been successful operating as a sole proprietor?
If so, what steps did you take to separate your business f...
Andrew Alvira
Need CPA/Tax Advice - Selling vs. Keeping a house
Hello BP!Im going to try to keep this simple and short.Basically, im trying to convince my mom to sell her house...here is why.She bought it back in 2001 it was built in 1920 and the previous owners didnt maintain it ...
Andrew DeLorenzo
Its been a while but I'm back and active.
In 2016 I found BiggerPockets the first time and caught the bug HARD. At the time I had been working in residential construction and in my head I told myself that I had all the skills necessary to jump head first into...
Joe Edwards-Hoff
Writing Off Improvements- Safe Harbor
I just read this article here and I wanted to confirm the info-https://www.nolo.com/legal-encyclopedia/small-taxp...So, it sounds like I am able to write off some of my improvement expenses, as long as it is less that...
Dennis M.
Looking for experience in Canada US cross border entities.
Hi there, to all BP members.I am looking for someone who is experience in setting up cross border entities for Canadian. Before i start buying properties down south of the border. Please message me if someone you know...
Account Closed
Rental vs. Flipping: Which, and why?
I'm sure most new investors have this question. Although I myself am new, I know where I stand. I'd prefer to build a rental portfolio accompanied by periodic flips. But I'm curious. Are you more on the side of runnin...
Todd Krzeminski
Wyoming Bank Required for LLC?
I setup a Wyoming Holding Company (LLC) that will manage my Virginia LLC. As I live out of state (Virginia) -- do I need to use a Wyoming bank for the holding company LLC, or can I use one local to me or national bank...
Cody Wageman
Looking to start investing in STRs
My wife and I are looking to capitalize on the equity on our home and start getting into the STR world. We have recently gotten a HELOC and are looking to start making the steps to buy a rental property. Being complet...
Steve Keisling
Bank account management
I’m in Wilmington, NC and am about to place a tenant in my first rental property. I was wondering what kind of bank accounts the pros use. For example, when the tenant gives you a security deposit, do you just park th...