Where do I find someone or a group that I can ask very beginner level real estate questions about things like being a landlord or owning land that allows camping. Thanks!

like
Posting as :
works at
You are currently posting as works at

you found it. ask away

like

BiggerPockets is the largest real estate investor community on the internets

likehelpful

Thanks!
Ok if you have 10 acres attached to the where you reside and want to add a tiny home or allow some kind of camping; should you start an LLC? If yes, how do you do this? What are the tax implications? Are our personal taxes then rolled into that LLC? Also any advice on how to help fund the creation building the physical infrastructure needed for support something like this.

yes you want insurance. likely umbrella policy for liability coverage.

LLCs are not required, but can provide some legal protections from liability.

if you create an S corp, you can pass through the income from the rental to your personal taxes. as a C corp, you’d have to pay corporate taxes and personal income taxes. S Corps allow for the avoidance of this double taxation for small businesses.

Generally, if you have large enough plots of land, you can build what you want. But you’ll need to check for zoning implications that may restrict your ability to building MFH on a SFH zoned lot, despite having 10 acres.

I am neither a tax attorney nor a personal attorney and I am decidedly not your attorney. This is not legal nor tax advice.

Related Posts

Looking to see how much other Provider Enrollment Specialist make including what their company's invests in their 401K

likehelpful

Solana 😭😭😭

I don't own any and it hurts.

Curious in seeing what people's avg cost basis is in this, when you purchased, and why?

like

Who is getting into NFT? Friends recently just printing money like the fed on this. Willing to risk a few thousand. You all ?

likefunny

Started my grad job in consulting and keen on getting a credit card - any advice?

Do you enjoy financial tax? Have you ever tried to transfer to general tax and was it successful?

like

Looking for some therapy, frankly. Somehow I've tied my self worth to my salary over the years. About to take a pay cut and having trouble accepting it, though I know extra time and overall balance will be worth it. Help!

likehelpful
like

Is Bitcoin about to fall below 30k or rally back above 40k. Vote below 🔮

likefunny

Any recommendations on where to invest 10k? I have about 15k in stocks but I don’t think I’ve done a great job picking stocks. Also for people making 150k+ how do you budget your money monthly?

like

What are yall buying?

like

What other cards to add to my collection? I have AmEx Platinum and Chase Sapphire Reserve. Fly Delta so AmEx is handy for lounges. Use Sapphire for dining/travel. Should I add Chase Freedom Unlimited?

like

Need a working flatmate
Spacious 2bhk in Springfield society, Kharadi.
(Opposite to Reliance mart, less than 2km from WTC)
Brokerage 25k
Monthly rent 25.5k
Security deposit 50k
All above expenses to be divided by 2.

like

Hi, I'm new to Dallas. Have been eyeing on rental investment in Dallas. Looking into Zillow, properties in Arlington seem to have good appreciation. Is it good idea to invest in Arlington? What other areas in Dallas can I consider (checked Carrollton, Plano, Coppell, Addison).
Thank you.

like

Anybody using Marcus high yield savings? 1.9%APY seems like a no brainer, just want to be sure I’m not missing anything.

like

Anybody here a FTB in London, UK?
If so what kind of mortgage rates are you expecting?

I am wanting to start investing in real estate in the new year… I’m using this month to read up on it and familiarize myself with it. I am a true beginner and wanted to ask for any tips, tricks, advice, books, videos, magazines, podcasts, etc to start? Please let me know!

like

Do you think there will be another housing bubble burst in the near future due to COVID? Assuming relative job security, would that be an opportune time to invest in Manhattan real estate?

like

Pro tip: live close to poorer people to feel rich. The feelings of wealth are extremely subjective and is mainly based on comparison

likefunny

Do we need to submit rental agreement to claim HRA tax exemption in Ericsson or rental receipts enough ?

How frequent rental receipts should be ( yearly ? Or quarterly)

More Posts

Interested in cybersecurity companies. What are some other than Symantec?

like

Hello Techies,

I have YOE 6.3 CTC 7.7. I am a Sr. QA with Kalkine Media. Basically I am a Manual Test Engineer. I am working on my Automation Testing skills but there is no automation framework in my organization. Kindly suggest.

like

What’s BMB like to work at?

like

Any one from Citizens project in LTI?
Please suggest how is the project and work like balance in this project...

like

I’m in Deloitte human capital and want to eventually (but sooner rather than later) move to industry doing internal talent/people stuff. My coach recommended getting SPHR or equivalent. Thoughts?

🔑 This is an excellent conversation for Black people determined to succeed in non-diverse environments!

🎯 Join today
https://joinfishbowl.com/bowl_fcvfbpeipr

😎 Be sure to turn on Networking when you join if you’d like to connect with other Black people to give and get support, encouragement…and share career opportunities

Post Photo
likeupliftingsmarthelpful

What’s your most hated/dreadful chore?
I hate doing laundry 🧺 and folding/putting it away.

like

As a Cybersecurity Analyst I make right under 80k in total compensation (62k Salary, 17k Bonus). I have two years of experience, an Associates in Networking and a Sec+ cert, does everyone feel like this is a fair compensation based off my credentials and experience?

likehelpful

What are the pros and cons of working for Progressive Insurance as a PIP examiner?

like

Firm needs to get something done in Town X (130 miles away). Coincidentally, I also need to be in Town X that same day for something else (personal stuff). Is it OK to volunteer to do the thing and ask for a reimbursement of my expenses (fuel etc.)?

likesmart

Emirates group has its in-house consulting unit. Is this a good exit option from Big4?

like

My contribution to advertising today: confirmed that the 2017 was changed to 2019.

You’re all welcome.

likefunnyuplifting

Curious what the base and commission structure is for inside sales and associate director of sales in biotech (also anyone else who wants to share pls put industry). Paid hourly or salary? At the biotech company I work at avg inside sales is $62,632 with a $3500 per quarter cap. Commission structure is % based on sales quota reached vs capped (not a direct % of sales). I’m underpaid at $53000 with $3500 cap per quarter.

like

Hey guys
How much salary should I ask
For Associate Infrastructure L1 in Publicis Sapient
I have 1 year of experience

like

Fujifilm xt30 vs Nikon z50 ??

like

Is Accenture canada expected to do layoffs?

like

^ when you accidentally make a post using the name of your very small boutique firm and someone else from your very small boutique firm up votes the post

likefunny

Additional Posts in The Real Estate Bowl

Are most new houses being built with induction cooktop? What has everyone experience been like? I personally had non compatible cookware with induction cooktop and wondering if I should just buy a new cooktop (electric, gas etc).. Other reason is that I read that it's also not healthy due to electromagnetic waves?

like

I recently bought my 1st home in TX. I want to get into real estate and eventually own/rent out multiple homes. Are there any good recommendations/tips on books/articles/websites that others have used to get started?

I've read about HELOC and cash out refinance to get a 2nd home but articles are so scattered that it gets confusing which is better in terms of tax benefits and immediate costs, etc. Anything others have found helpful that summarized how to get started would be great!

like

How can I invest in real estate ? Looking for an additional passive income source

like

Looking to move out of California, and considering buying a townhome in Atlanta for ~$650k. Any thoughts on the Atlanta real estate market?

like

Recently joined and maybe a long shot: does anyone have insight or advice for condo buying in FT Lauderdale? Realtor and area recommendations?
This will be my secondary property until I can shift residency. Early 40s single. Looking at las olas condos at the moment. Thanks!

like

Commercial real estate question. When a residential property will likely zone commercial in the coming years, do we, the owner, wait for a buyer/developer to contact us?

like

Is a sloped floor of 1/2” over 10’ noticeable? I have to make room for conduit and cannot trench in my current place

likesmart

I am wanting to start investing in real estate in the new year… I’m using this month to read up on it and familiarize myself with it. I am a true beginner and wanted to ask for any tips, tricks, advice, books, videos, magazines, podcasts, etc to start? Please let me know!

like

Looking for experiences/opinions on A/C options for old houses. E.g., high velocity ducts vs ductless mini splits. Seems like mini splits are way easier and possibly more effective...but seems like an eye sore. Or... is it just what a contractor thinks will work given your house? Curious what everyone thinks!

like

This is the thread to boast about a creative deal that you made by using leverage and/or collateral.

like

I thought the answer is yes but now double checking. Can we write off the interest we pay on our primary residence mortgage?

like

Does buyer have to share appraisal with seller? Can seller request it?

like

How do I classify my property for tax purposes if I received rental income for exactly 15 days this whole year? Primary?

like

idk if this is the right place to post but...
Ok so I was carless -- I was assembling my new bed frame and one as I was grabbing one of the long parts; I set it vertically and my fan was on and hit the edge. I literally just moved in 5 days ago and I already scratched these pristine fans, I'm irate and I want to fix it.
Is there any kind of paint. or is there a way to polish it so it doesn't look as bad :(

Post Photo
like

Any potential flags/benefits for dual agency? My agent and the seller's agent work for the same company.

like

For the folks that bought an a second property (rental) with less than 20% down, how did y’all pull it off ? 10 % down payment is all I can afford.

like

Any one knows what’s the easiest way to order a radon test for new construction?

like

4 years into RE. Happy with the results so far! Thinking I should take on more debt with current IR, but the market is too competitive

Post Photo
likeuplifting

I am moving to Charlotte, NC for a new job. I currently live in Portland, OR and have a single family home here. With my income, and current mortgage, I can afford a 350k house I’m Charlotte with about 10% down. What are the pros and cons of buying a new place in Charlotte and then sell my house in Portland?

like

Under contract to buy my first home - house hacking a triplex. Property has been leased by the same three tenants for the last 5+ yrs, rents haven’t been raised since they moved in. Market rents have risen 70-100% in the same timeframe. All seem like ideal tenants (retired and take great care of the units) but I’d like advice on how to approach the rent increase conversation. Rents don’t make/break my mortgage payment but I’m leaving a lot on the table if I don’t increase significantly.

like

New to Fishbowl?

Download the Fishbowl app to
unlock all discussions on Fishbowl.
That was just a preview…
Sign Up to see all discussions
  • Discover what it’s like to work at companies from real professionals
  • Get candid advice from people in your field in a safe space
  • Chat and network with other professionals in your field
Sign up in seconds to unlock all discussions on Fishbowl.

Already a user?
Login here

Share

Embed this post

Copy and paste embed code on your site

Preview

Download the
Fishbowl app

See what’s happening in your industry
from the palm of your hand.

A phone with Fishbowl app

Scan your QR code to download
Fishbowl app on your mobile

Download app

Sign up for free to view this conversation on Fishbowl

By continuing you agree to Terms of Use and Privacy Policy

Already have an account? Log in

Sign up for free to continue using Fishbowl

By continuing you agree to Terms of Use(New) and Privacy Policy(New)
Messaging rates may apply

Already have an account? Log in

For account settings, visit Fishbowl on Desktop Browser or

General

Legal