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3 February 2025 | 0 replies
Upon BP member recommendations, my husband got his real estate license which now helps increase our access and decrease our transaction costs.
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6 February 2025 | 7 replies
We used to hire a company to balance the chemicals and my costs were almost 2K per month.
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10 February 2025 | 3 replies
How did you incorporate the funding fee PLUS the closing costs?
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10 February 2025 | 8 replies
May even do a JV, so I could bolster up and expand quicker.
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7 February 2025 | 0 replies
If I were to purchase an Airstream to use as lodging while I travel across the US to my rental properties, make repairs, and perform lease turnovers, would I be able to not only deduct fuel and campground costs but also depreciate the purchase price across 5 years?
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3 February 2025 | 5 replies
There is more maintenance cost when they are small keeping the grass down.
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29 January 2025 | 28 replies
.), and anything else that is important to them.Ask follow-up questions to dig deeper and learn more (without being too intrusive) then jot down any relevant notes so that you can reference them down the line during your follow-up calls.
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12 February 2025 | 7 replies
If not rented at fair market rent, this property will just count as your residence, not a rental for tax purposes.Structuring the property under an LLC or land trust could trigger a due-on-sale clause, so check with the lender before proceeding.To minimize risk, consult a CPA for tax strategy, weigh financing costs, and draft a legal rental agreement.
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2 January 2025 | 4 replies
My GUESS is these homeowners have been tricked/screwed in to signing a long term power purchase agreement, often with no buy out provision.
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28 January 2025 | 14 replies
We network with other fix & flippers teaching them how to properly structure a seller financed note so that it has value on the secondary market, we then buy a partial from them to take out most, if not all, of their cost basis so they can recapitalize and go do another deal.