Do you deduct the "common/shared" expenses at the LLC level on the Schedule K-1 as "Ordinary business income (loss)"?

@James York Hi James, What size and quality level house are you building in Concord?

The company we have used in the past has increased their prices on their level 1 and we are looking for a couple of other good options to compare to.

Inventory levels continue to fall.

I'm new to the world of RE investing and would like to meet like minded individuals to learn, partner, encourage and exchange information.This is open to investors of all levels, invest in NYC and out of state.Let's meet up!

When it comes to multifamily you should go as big as you can based on your financials, experience and comfort level.

After telling a few friends and relatives in the local area that I would be interested in selling the house I heard back from one prospective buyer who is interested in the house to fix up--it needs about $2k of work to get it up to a decent level--and then sell or rent-to-own to an interested party. 

What they dont realize is its the FED buying and propping up the entire world.Real Estate has not really budged much in price [in most areas and it takes a long time to move the needle], its in a suspended animation phase, after a couple of months its either going to break out and get back to somewhat normal [like the rest of the world] or its going to crash downwards through to a level we have never seen. 

The average sales price in the area is usually 850k-1m+ (~2000 sqft split levels/high ranches going in this range, our house is a 2600 sqft colonial)We are now confused if we should wait for the house to clear title or back out due to the potential wreckage covid19 may cause in the housing market.

It took me a long time to find a contractor who would give me a bid that was at the level of detail that I felt comfortable with, and the more they worked on the bid the higher the price rose...By the time the contractor's bid was finished, the rehab was going to be just under $100,000.