You may be doing a long BRRRR on your original house.

I also wouldn't dwell on this.

Hi y'all, So I'm just getting into real estate, I have an LLC set up and will be closing on my first deal in a couple of weeks, a $68,000 single home.

The partner is not agreeing to keep it, we have a mortgage on the house but still it seems that we will have positive income and around 6k-7k cash flow each partner.

Congrats on that.

That sounds crazy, I know but it depends on how you view cash-flow.

Depending on the size of your portfolio, I suggest considering either "PROPERTYWARE" or "INNAGO":Propertyware is ideal for larger portfolios, offering customizable and automated reporting features.Innago has been very effective for me, enabling property marketing, conducting screenings, and managing rent and maintenance requests.

Hi Folks,Need some clarification on this complex topic.There is a lot of discussion on these tax nuances in BP forums, so I am happy to read any particular thread you can point me to.Basically I have a W2 (above income limits) and I am a General Partner in a multifamily deal.I have received 2 K1s from this deal (one as a GP) and another as an LP (since I put in some of my own money).Am I allowed to take the K1 losses from this deal to offset my W2 income?

Have you explored creative ways to structure these partnerships to maximize returns on your deals?

I have 4 more paid off lots I was thinking on building on.