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We have been contacted by a priest who is working with a family that is in desperate need of a place to live. If we give them a huge reduction in rent from the amount we would charge, is that tax deductible as a chari...
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I am about to put my first home on the market for rent. I have been reading and researching strategies and business plans for beginners entering the real estate market and feel that I have a descent grasp on the basic...
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Hi All, Looking for some guidance. Last year I was working my "farm area" and had my eye on a very worn SFH. Located and talked with individual listed on tax records (and wife). He explains they left the property b...
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Since I was asked about LLC's this week I'll share this article I read today.There are four benefits of creating an LLC for your rental property:1. Limit Your Personal Liability
If you own your property as an individ...
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Someone keeps deleting my posts! I’m trying to network with Miami flippers and wholesalers. Sent out 2 messages to individuals last week and I think BP is blocking my messages as well.I’m 18 years in this business fl...
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Hi everyone, I need your help. I've been looking to start doing fix and flips or Brrr in the past couple of months and can't seem to understand where should I start. my biggest obstacles that I'm facing are 1: Find a ...
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Hi Everyone,I have run into some obstacles when scaling our business recently, and today I had lunch with a peer 20 years elder who could have saved us much time and resources instead of reinventing the wheel. In gene...
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Are there any written or unwritten rules about asking fellow BP members about someones reputation? I don't want to cross any lines by using names, but I do have an issue with how I have found some people doing busines...
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Hey guys, I am looking at a deal for (4) duplexes owned by local real estate LLC. These duplexes are the ONLY assets of the LLC. I am wondering if it would be more advantageous for me to try to acquire the seller's ...
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I am just curious as to how some of you seasoned investors maintain health insurance for yourself and your families? Are most of you "risking it", have spouses with insurance, paying outrageous deductibles ? I am stil...