Hey BP Fam! I hope that everyone's 2024 is off to an outstanding start!I was fortunate enough to get a property under contract at a great price from mentors of mine. They had suggested using a trust to hold the asset ...

I own 5 properties in Topeka, KS. 4 are rentals managed by a company there, and 1 is a Contract for Deed. Anyway, Buyers in the contract for deed have been their 7 years. Payments started getting late in October...

Hi BP Community, 
I'm at a point in life where I'm considering getting a financial advisor to advise me on the science behind portfolio construction. I very much enjoy managing my own money, and I'm above average whe...

Hello Everyone! My partners and I are just about to close on our first single-family rental property. We are using conventional financing, and we are taking the mortgage on only one person's name. We are doing this so...

Does anyone know what to make of these new IRS rules that came into effect for 2014? (but I believe are back dated to 2011)It sounds to me like we can start deducting a large number of those repairs we used to have to...

hey everyone kevin from nyc. I'm looking for super star broker to help me close out my first deal. I'm looking to invest in a duplex in upstate ny. the goal is 5 duplex in the next 4-5 years. Price range 50-60k. th...

I had a property that burned down in a wildfire last week. I will have an insurance payout, which I will use to rebuild. For tax purposes, here is my general understanding:The land value on my books will be unchanged....

What fees are involved with owning real estate?

Hi Folks,I bought a property in Harrisburg, PA about a few months back with a conventional loan on my name.I would want to transfer the property to my single member LLC. Reached out to an attorney. He mentions that it...