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12 June 2020 | 13 replies
A real estate professional is one who:(1)works 750 hours or more in a real estate trade or business in which the individual has at least 5% equity and materially participates, and(2)more than half of the services that the individual provides are in a real estate trade or business in which the individual has at least 5% equity and materially participates.For your common, non-equity W-2 employee who works full time, this makes it not impossible to qualify as an RE pro, but highly improbable, as your average full-time employee works around 2,000 hours in a year, give or take.
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14 June 2020 | 15 replies
Even then you have to do the legwork up front to vet the sponsor and individual deal.
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11 June 2020 | 1 reply
Or if they looks at the price of individual units year over year...but both of those require a lot of work to get those data.
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11 June 2020 | 1 reply
I am a highly motivated individual who’s looking to get started in wholesaling.
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22 April 2020 | 2 replies
They will gain ownership of the individual residence in the same manner someone gains ownership of a home through traditional amortized accounting, while also building a savings budget for repairs and maintenance.
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26 April 2020 | 20 replies
(**most of my first investors were management clients who saw and liked what I was doing).2020: Me and my partner own 3,000 apartments via syndication (along with nearly 200 high net worth individuals and families that invest as LP's).
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27 May 2020 | 8 replies
Looking for advice and feedback from individuals with experience buying and flipping REO homes.
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25 April 2020 | 0 replies
We're considering offering this on an individual basis to our investors - strictly for properties that we are keeping for our own portfolio.
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3 July 2020 | 3 replies
Sprout offered to set up my LLC with it's own credit...totally separate from my individual credit.
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25 April 2020 | 0 replies
BP is filled with driven individuals looking to start or grow their REI businesses while adding value to others along the way.