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24 December 2024 | 25 replies
College used to be a lot more affordable, I studied in Europe (where college is free) and it blows my mind to see kids with 200k student loan debt trying to get ahead on a 50k job.The housing market has started to drift apart geographically.
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19 December 2024 | 22 replies
I'd also recommend diving into books, podcasts, and even attending real estate events to start learning more.Here:Learn the Basics: Study property types, financing, and market trends.Network: Attend events, connect with pros, and build relationships.Find a Mentor: Seek guidance from someone experienced in commercial real estate.Start Small: Look at smaller deals or partnerships to get your feet wet.Take Action: Once ready, start evaluating deals and making offers.
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17 December 2024 | 15 replies
@Dennis McNeely - my concern with getting a soils study is if it shows there's something really wrong with the soil, such as expansive soil, I would have to disclose that fact when I go to sell the property.
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11 December 2024 | 16 replies
Once the cost segregation study is complete, will I be able to take a full year of depreciation or only a prorated 4 months?
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20 January 2025 | 242 replies
I feel bad for the investors who are likely going to lose out on their hard earned income and invested in this company but it can also be used as a case study for other members of the BP community moving forward before investing.
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11 December 2024 | 2 replies
I'm new here and I have spent a couple of years studying real estate investing strategies.
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20 December 2024 | 20 replies
First - you have to mention what the syndication will do as that will have an impact on how you get taxed.Given that this is a real estate forum, it is assumed that you are investing in a syndication that will invest in real estate.Most real estate syndications purchase real estate in year 1 and have a plan of selling / exiting in year 5 or 7.Often times, the sponsor will get a cost segregation study which increases the loss on the K-1 presented to the investor in year 1.This may be important as it almost guarantees that there will be no taxable income from the syndication from year 1 to the year before exit.If the syndication does well and exits at a price more than purchase, it may result in a taxable income.
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11 December 2024 | 6 replies
Have you completed a geotechnical study & are the soils good?
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19 December 2024 | 13 replies
That is sort of the social studies class answer.
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11 December 2024 | 6 replies
I’m studying to get licensed soon.