Jarlen Martinez
Funding a Deal
Hello,I would like to know any ideas you guys may have in helping me choose how to move in the correct direction. I have an investor that is very interesting in investing in my current company, in other words hes will...
Conrad Martin
What's the best way for New Wholesalers to source Seller Lists?
Hi BP Fam,
I'm really excited to be finalizing my marketing and website. I'm ready to drive for dollars, leave flyers, etc. I really want to cover my bases by sourcing seller lists and POUNDING the phones with cold ...
Cody Jensen
Where to put security deposits? Different accounts?
Hi Everyone,When purchasing a new property with multiple units, do you deposit your security deposits in a different account? Where you you allocate your rental income and security deposits from your actual personal a...
Kyle Meyers
Rebates and Taxes
If I buy something for a property and get a rebate, do I have to reduce the deduction amount by the amount of the rebate? What about reward credit cards, if I get 5% back on purchases, do I have to take that out of th...
Clinton Davis
Tax prep software question
I own 2 rentals in my name and have a w2 job as well. is there a online tax site that anyone recommends (ie TurboTax etc)? The place I normally went to before my rentals doesn't handle real estate related tax prep. ...
Cameron Daulton
Airbnb business questions
I would like to get a business line of credit for the llc I just started! I want to get in the Airbnb space though renting out places. The question is should I make a business plan based off of the real estate strateg...
Brian Kraby
Developers fee on build to suit?
On a build to suit is there a developers fee and construction management fee factored in? Rent then is charged independently of site work? Trying to figure out what to charge for not only rent but the compensation fo...
Josh Lee
Starting out: how would you invest if you were me?
Hi All,My wife and I (mid-30's) have one SFR rental in Oregon that we bought a year ago and would like to put more money into real estate so that we can make enough passive income to quit our day jobs. We have about ...
Tomer Zamosh
Investment in rental - mortgage
Hi All,I'm an investor , got an offer from a developer to invest together with the developer in rental single in FL.Purchase price : 80kRehab: 10kTotal investment: 90kAVR : 120kRental: 1100$ per monthI will invest 60...
Melanie Baldridge
Understanding your depreciable basis:
Imagine you bought a property for $2M.
The land (excluding any structures) is valued at $400K.
Since land is not depreciable in the eyes of the IRS, we subtract the land value from your purchase price to get your ...