Navid A.
Do I need a LLC to deduct expenses?
Good evening BP!
Does one need a LLC or any other business entity in order to claim rental property related deductions on taxes? I recently acquired an occupied rental property in NC under my own name and am curious ...
Patrick M.
Would You Make A Repair In This Situation?
Greetings BP community- thanks for everyone's contributions. I've learned so much here, I've just closed my *SECOND* deal and am preparing to rent it out!Here's my question. I have a handyman making several minor impr...
Miljan Vukovic
Looking for first time loan - Chicago, IL
Hello BP community,I am a just starting in the Real Estate and am looking for a loan to allow me to purchase a first time home and renovate it. I have cash on hand (<$10K), so the loan would need to be able to supp...
Jimi Smoot
Need advice for remodel
Hello I’m about a week away from closing my first deal and trying to prioritize some remodel work that I think I should do. Figured that you all may be able to help.
The place is about $100/sq foot under the comps. I...
Jahbari McLennan
Suggestion on avoiding future sewage replacement?
Jut talked with my Plumber and let me know we will have to replace the sewage. He believe it was pre condition but hard to tell. Anyone had a similar fix? Curious to know how to avoid In the future
Mark Sewell
SD IRA and buying subject to existing
OK so here is what I got.I have some shrapnel that I am moving over to a SD IRA here in Houston. I'll probably have to contribute a bit more, but that's fine. Didn't think to try doing a solo 401K but I doubt I woul...
William Orrock
Assist Protection, Insurence isn’t enough?
I went to an investor meet up and we met with a lawyer who was telling us that regular Insurence is not enough. He said that you want to have an LLC to protect your assets in case something was to happen related or n...
Albert L.
winter is coming .. renovate now or rent later?
Hey folks - I may be closing on a property soon in the westpark/jefferson area. I'm in a bit of a pickle deciding whether to ..1 - vacate the currently occupied unit and take the next 1-2 months to do some minor upgra...
Josh Williams
VRBO w/ HomeAway
So my father-in-law purchased a cabin in Big Bear, CA. Felt like it was a waste and wanted to sell. I found a site ,VRBO, while searching for an anniversary get-away. The system seems like a no brainer for a REI strat...
Stephen G.
FORMING AN LLC: Prior to contract or during closing? Advice please...
Hello All! Happy St. Patty's Day!I am in the market for purchasing another multifamily property, but this time I would like to consider the possibility of rolling it under the protection of an LLC. This leads me to my...