Gil Ganz
best use of monthly rent
heynot sure if this is the correct sub-forum but i'l give it a go. planning on buying a property, long term rental, all cash. now, say i have around 500$ coming in to my account every month (this is in theory, after a...
Jesse Conners
Getting started
I've been listening to the bp podcast and I know there are some very well established investors here. I would like to put my plan out there in hope of getting some advice and feedback. I work a full time job (50 hrs...
Larry Turowski
LLCs and S Corps, how much do you pay for tax prep?
I have an LLC for rentals and an S Corp for flips. Between cleaning up my books and tax prep, and filing my CPA charged me $1,200 last year and it may be more this year. I'm thinking it's just too much. I use Quickb...
Account Closed
Cash flow on Multi-family
Salutations BP community,
I hope you're having a sublime day on this day, a day with wondrous, illusory dreams. Alright, I'll stop. Onto a more serious note, imbued with gravitas, I am looking to use my home equity t...
Robert Lenfestey
Management Entity Structure
What is the best entity for property management? This seems like a simple question, but behind it lies the structure for your entire business and strategy for investing. I am a buy and hold investor who strives to b...
AJ Smith
Bankability of Commission-Based Workers
How much would I need to make through commissions in order for banks to feel comfortable lending me money to buy real estate? Could I invest right away as a commissions-based worker, or would I need to build a few yea...
Jimmy Suszynski
Entity structure for flip houses
I've been reading through tons of past articles and I understand the mechanics of this, save one thing.I created an LLC (A), will tax as an S-Corp, for all of the business activities associated with house flips. My br...
Coco Poyet
Seller holding funds in escrow for repairs or lowering price?
Hi BP community! My husband and I are in the process of buying our first property, a residential 4bd, 1 ba house in the Catskills in NY. The 2,500 sqft house was purchased 2 years ago as a foreclosure for $140K and fl...
Taylor Burns
How to set up my public facing Syndication Company
Hello!I am going to be setting up a company for my syndication business. Is it best to just create this as an LLC, an s-corp or something else? I am not putting a deal together yet. I just need to create the initial c...
Luke J Nelsen
Short Term Rental Security Deposit Advice?
Hey everybody! I have a cabin near Pigeon Forge under contract and am hoping to get some insights regarding security deposits for short term rentals. What do you typically hold for security deposit? I am using Your Po...