Jonathan Newsome
2019-2020 Taxes on Wholesaling
I started wholesaling this year under an LLC. I've been setting aside a percentage of my wholesale checks specifically for tax purposes. I'm also a w-2 earner, being employed by the US Military, which makes me a part-...
Yan Guo
Tenant wantd to pay the whole year rent upfront.
I had an open house of my rental last weekend. I got an applicant saying Experian couldn't find his record. But he has SSN, files taxes, and just sold his mother's house after her death. He wants to pay for the whole ...
Carter Wallace
Co-owning/Developing land as a shared LLC?
Hello BP Community,I'm in discussions with a friend to co-own land as an LLC, and each build a home on it. I have a few front of mind questions, but would appreciate any comments relative to blind spots I might have....
Pedro Morais
Distributions from one LLC to another
Hi BP,Can you make distributions from one LLC bank account to another LLC? In other words, if I have a surplus of money in one LLC account and the other LLC has need of capital for construction, can I transfer from on...
Peter Deising
Assuming Grandfathers mortgage
Hello everyone,My Grandfather owns a duplex living in one half. The house is in great shape as he refinanced 10 years ago and redid everything from new siding, roof, pretty much whole house make over.The home is wort...
Josh Smalley
Newbie - Questions & Guidance Requested
Hello everyone,My wife and I have identified Georgia as a state where we would like to begin our real estate investing careers. We live and work in Europe but are US citizens. We are looking to be semi-aggressive inv...
Paul Winka
Set up my own LLC for checkbook SDIRA or hire someone else?
I’ve set up my own LLC before in Missouri. It takes less than 30 minutes and costs around $55. I once paid a princely amount to attorney to do that for me and it took 3 weeks. I learned my lesson. So...But what about ...
Matthew Saunders
Stuck between two mortgage lenders
Hello everyone, So I've been trying to buy a vacation rental property for about the last 6 months. I found the property though a family friend that is located on a lake in upstate ny. I originally applied for a loan b...
Account Closed
do i build a team?
for wholesaling do i build a team? how would i have an RE Agent get commission if i am not the buyer or the seller.
what about having someone run an inspection so i can find out how much it needs in repairs?
...
Cassandra Truax
Help me work this one through
Hi,I'm brand new to investing and am learning to work through potential properties. I've got a real life property and am taking baby steps...List price 38,0002 vacant units that rent for $500 eachgross annual income:...