David Zheng
Basic Self Employed Tax Questions
Hey Guys, I'm about to go the self employed route and need a little help with how do setup my personal income taxso tell me if I'm going about this right....Heres just a simple example1. 5k rental income- 2k expenses ...
Shriraj Shah
Tax benefit comparison - direct purchase vs syndication
I am trying to analyze whether to purchase an investment rental property in a SFH/MFH on a turnkey basis or via a real estate syndication. Can someone help understand pros and cons from the tax perspective for the sa...
Logan Zanki
50% and 2% rule.... And my Multi family purchase with Carriagehouse.
Hello everyone my name is Logan, I'm new to biggerpockets.com and i'm located in central New Jersey, my goal is to get out of the rate race by purchasing multifamily properties. Little background about me, I have ...
Leigh C
What is fair compensation for a project manager.
What would you guys consider fair for an "employee" who handles all the hiring/inspections on a rehab, never uses a brush or lifts a hammer. Lets assume this guy handles 4-5 at a time and takes longer than an owner...
Dana Chun
Purchasing a new duplex... raise the rent?
Hi there,
I am in the process of purchasing my second duplex. It's identical to another one that I own right next door. I am currently charging 1350 / month and most of the renters are college students. I ...
Vik Desai
Have any of you tried setting up a for pay hotspot/ WISP to make some money from providing WIFI?
I wasn't sure where to post this, I hope it's the right forum.I've got a friend with a 20 unit trailer park set up, and I was talking to him about setting up a wifi hotspot to make a little extra money on the side.htt...
Account Closed
Agree/Disagree re: Tenants -- past performance guarantees future results
I do my own leasing and screen tenants.
Unlike stocks, a tenant's past performance is a guarantee of future results.
(i.e. if there are red flags in their past, there will be red flags in your future if...
Jeff Dzado
How to reliably estimate occupancy rate for vacation rentals
The short version, with direct questions: I've started analyzing vacation STRs in different areas of Washington state. My efforts are primarily focused in areas near the Hood Canal. I'm really struggling to come up wi...
Jimmy Danblaus
If you buy a house for below 80% ltv do you still have to put a down payment?
I have found a few wholesale deals that should apprise well above the price that I found them for. For example, one triplex I have found is for sale at $140k and I estimate that it is worth at least $200k maybe even 2...
Matt DuSold
Mentors
I know many people believe it is very important to have a mentor when you start the business. My question is, is it smart to pay for one? I have seen a few people who believe each way but I thought it would be best to...