David Gotsill
2020 in review: What worked? What didn't? What's in store for 21?
What clothes does a house wear?(wait for it)Address.With that out of the way, it's the time of year where I look back at what worked, and what didn't, for the last 12 months. I'm sure many of you do the same. Would ...
Luis M Diaz
Looking for CPA in Berwyn IL
I sold my single family home in 2018 and bought a 3 unit rental property. I did a lot of work to the rental property and need a good cpa to fill out my taxes. I tried turbo tax and wasn't too happy with the results. P...
Jeff G.
Will Rising Interest Rates Render The BRRRR Strategy Untenable?
Most of us know that the Federal Reserve intends to increase interest rates over the next few years. Is this action likely to render the BRRRR strategy untenable? If BRRRR just becomes harder, how do you intend to ada...
JayCinta Henry
Skip Useful Life Tax Depreciation?
An accountant friend advised not to take the 27.5 years depreciation because when/should I sell the property, federal taxes will be due on the total amount depreciated and written off. What do you make of this?If you...
Chris Batdorf
Question regarding subletting and renting rooms
So, I am an owner in a townhome community. I own the house along with my parents who live in another state. I currently am going to professional school (med school) and decided to let two of my friends in my class wh...
Danny Randazzo
Early Bird gets the Worm
You need to surround yourself with people who are dependable and driven for success. If you have doubts about any team member’s work ethic or motivation, you need to course correct quickly or find someone new. Having ...
Tony Zhang
Should we invest real estate with raising interest rate?
Hello BP, I have a property in the Jacksonville, FL under contract that is in the inspection & appraisal contingency period now. Its purchase price is $110k, and inspection report estimated that repair cost requir...
Michael Spadoni
Notes in Foreclosure
I am looking to purchase a note where the borrower is currently in foreclosure. I want to know, if I purchase the note am I required to hire a new lawyer to continue the foreclosure process, of does the current servin...
Jaron Smith
No income, what to do??
Hey Everyone,So I'm in a tough position here, I have recently been laid off of my union construction job and I am trying to figure out how I can invest in real estate with no current income and little savings.. I own ...
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Greetings from Michiana!
Hello all!
I am a 19 year old college student in Michiana (southwest Michigan/Northern Indiana) and have been fascinated with investing/cashflow ever since I read Robert T. Kiyosaki's Rich Dad Poor Dad and Napoleon H...