Hey BP Community, I'm wondering if there are advantages/disadvantages from getting a HELOC from a local bank or a mortgage company. 

I wonder if it's not that tracking your net worth increases net worth, rather the people who are tracking their net worth have assets to track.

However, the good news is that there are other planning options available where you don't need a real estate license.

Hello,I am working with a client who has farmland held in an S-Corp (current tax basis is approx. 5% of market value), It seems there is not a way to sell this property without having to pay capital gains, since it is unfortunately held in an S-Corp.There is an option to sell a perpetual conservation easement to the land while still maintaining ownership of the land.

Same for backyard - even if it's small, cutting it in half with a fence makes it easier for both to enjoy a holiday barbecue in their own space.These are low-cost options that will help create a better relationship with tenants.

As a licensed realtor in California, I'm eager to leverage my expertise but also recognize the value of community insights and collaboration.This is my first post here, so I'm not entirely sure of the usual depth of information shared, but I'm open to discussing all options and grateful for any guidance or suggestions from this esteemed community.Looking forward to your input and advice.Best regards,Benjamin Carter

Its a case from Montgomery, MN from the late 1960’s and once you read the case, i believe, that like myself you’ll no longer wonder why its not discussed in law school, let alone your local boutique RE schools.

The house will cash flow but the property comes with a great newly built barn with a slab and all.Now when my brother and I both left for college my parents had no use for a golf simulator that we had in our garage so they offered for me to use it at a property.This would for sure add a lot of value to bookings but I cant decide if the $50 - $100 a night or so increase (just a estimate) is a better option than spending the 40-60k to turn the barn into an ADU / separate dwelling to add cash flow and equity to the property. 

The great thing is having these options and being able to test them or pivot if needed. 

Yes it’s harder to find better options but they do exist.