I have a new LLC. My prospective accountant has suggested that I declare it as an S-Corp. Would the income automatically pass through in an S-corp, to the members of the LLC? Is this good or bad, pros and cons? What a...
We have an Apartment with 20 units available to rent. One issue we are running into is that our PM is not on site so we can’t do showing when it’s convenient for tenant leads. Has anyone tried to do showing using lock...
I've done a few searches on BP.com and the advice appears to be invest in QuickBooks or using online bookkeeping services.
Since I've only got one property, I'm still looking to create a spreadsheet or just to look a...
I’m about to close on another duplex. Now that the last tenants are gone I see the carpeting is a mess on one side. Maybe about 1,000 sq ft for the one side. I know LVP is great and long lasting, but we’ve decided not...
Hi BP, Firstly I'm new to BP and to the idea of house hacking so please forgive me if this is posted in the wrong section. So I recently got divorced and my ex & I decided to remain in our current rental until the...
I currently own my first investment property with aspersions to purchase my second, possibly within 4-6 months. Is it wise to refi now (for home improvements to existing property & available funds for next purchas...
Hello all!
Im just getting into wholesaling in the New Orleans area and I was wondering how you guys accurately get estimates on repair/rehab costs on properties.
Looking at possibly starting to have tenants pay rent online. See older post anyone have recommendations and some pro and con insights.
Hello! So I would like to start off by saying I am installing exterior cameras tomorrow . This is something I did not want to do but now realize I have no choice because people are assholes. Yes - I should have had th...
Hello everyone, I want to start wholesaling investment deals. Upon the opportunity of me locating a deal. I would offer cash buyers two options. I will sell the contract to them for X amount or become partners in the ...