William R. Matthews IV
LLC in one state managing rent in another
I have a property in my personal name in CA. I have a management company LLC in VA can I just have my tenant pay my Virginia LLC the rent charge myself a management fee through the LLC then pay myself through the LLC?...
Tim Healey
LLC on First Stage of BRRRR
Hi All,
Working on my first BRRRR and have a question re entities: Obviously I can buy in an LLC as I am buying for cash. However, when I go to refinance the deal after I have rented and rehabbed, I'm assuming the b...
Alex Wasilchuk
First time under contract! Where to set up LLC?
Hello BP community,I'm currently under contract for my first rental property in the state of Alabama and I live in NY.I have a question I would appreciate guidance on.When establishing an LLC, should that be done in t...
Kobe Xin
First Investment Property Checklist
Hey BP family! I am brand new to the real estate industry/business and am looking to purchase my first investment property through house hacking next year. I was wondering if anyone had any advice on what I should hav...
Jared K.
Insurance for IRA property
I've been having a tough time finding an insurance company that understands that my rental property is owned by my self-directed IRA. And after some discussion they inevitably come to the conclusion that they can't of...
Mark Trebor
Operating as a LLP, do I need to give 1099 to contractors?
Operating as an LLP, getting conflicting answers regarding when is it mandatory to give 1099's out. Sounds like $600 is a consistent threshold. But do I really need to give a 1099 to my plumber, lawn mowing guy etc....
Nicole Heasley Beitenman
The advice Turbo Tax gave me doesn't make sense
We're in the process of looking for a CPA who specializes in RE, and we've read Amanda Han's book on taxes for REIs. In the meantime, I signed up for Turbo Tax Premier as my taxes are starting to get a little too comp...
Thadeous Larkin
Colorado Springs STR Open Houses (with County Assessor)
Team:
Care about Short Term Rentals (see AirBnB) in Colorado Springs? The El Paso County Assessor is holding Public Open-Houses about the topic to put out information and garner community feedback.
If you feel stro...
David Bergmann
STR Business & Real Estate Holdings
Hoping to get some advice on how best to structure my business, and welcoming any and all feedback. Currently own & operate 5 of my own properties as short term rentals. Also operating 5 properties for other peop...
Alex Hamilton
Can anyone give a review on "WeLend101" ?
Peter Vekselman offers to finance real estate deals 100% on BP. I Called and had a conversation with Peter which started with his request for $1,500 up front before he could look at my deal. My question is; has anyo...