Chris Connery
Splitting taxes/income between LLC members
Hi all,IS it legal for one member of a dual member LLC to claim all of the income/pay all of the taxes on their tax returns. Leaving the other partner not claiming the income/ not paying the taxes. This of course has ...
Jason Medina
Remote Rehabs - How do you do it efficiently?
Hi Everyone,
I live out in Los Angeles and working on my 5th property out of the Orlando area and one thing I'm always challenged with are remote rehabs. The rehabs I've done locally are a lot easier as I can walk ...
Michael Wayne
Help needed! - first deal, need to estimate CapEx
BP Family, My partner and I are about to put an offer in on our first multi-family property in Oakland County, MI. We've built out a model and really like where our numbers are at, but the one variable we're having tr...
T. Smith
Is PM being reasonable?
Hello everyone,
I would like to get a some opinions on the reasonableness of the move-in expenses given the work that is left to be done. Also, get a feel for if it is ok that they are not able to get me an itemized...
Rick Howell
5 Easy Things To Improve Your Rental Property
A successful rental property is all about finding the right tenants. Once you find tenants that truly enjoy your rental property you can expect the lease to go as smooth as possible. To find the right tenant you nee...
Ryan Schwartz
Fixing FICO Score advice
Hi All,So I've always had a pretty solid credit score and thus never had to develop a skill set to improve my fico score other than paying things off and making regular payments. My wife, however, is a different stor...
Lucas Amuchastegui
how does "pass through" income work in a partnership LLC?
Hey BP,
These will likely be silly questions but I'm a noobie having a little trouble finding answers online. we plan on hiring a CPA, but I'd love to understand some of the basics. My brother and I are 50-50 owners ...
Matthew Drew
Advice on Listing Agent Misrepresenting Property
Hello,
We are currently in the option period for a house, and there are some minor repairs that need to be done. We also sent an amendment to the Listing Agent, along with a copy of the inspection.
Tod...
Anthony Freeman
Repair and Maintenance budget
What percentage of monthly income do you budget for repairs? (Small multi unit family)
Al Mcbee
Seller is taking things from house that's under contract.
We are about to close on a SFR in about a week or so, and they are in the process of moving all of their things out of the property. Sometimes, I'll drive by to check on their progress from time to time. Now, here is ...