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Folks - I have a primary home and two vehicles. In addition I own a rental property in Memphis, TN. I am now in need of an umbrella policy. I live in NJ. I am getting the feedback that both home and auto needs to be w...
Hi my name is Drake, im 16 years old and just getting started in mobile home investing. My first question is whats the formula for setting up interest on selling my first mobile home? Any advice would be appreciated, ...
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Hello Folks!I am about to purchase my first real estate investment. When should I establish an LLC ? Thank you in advance for your thoughts !
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Hi,
Just starting out and looking to invest in my first property - looking to keep the first one small 2-4 units, to get some experience in the day to day operations and other nuances of being a property ownership ...
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How do you guys recommend setting up property operating accounts (e.g.; checking) for multi-family apartments? Do you have an operating checking account for each property? One account for all your properties? #AskBP
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Thinking about setting up a property management company to use for my rentals to show the income as part of the management company rather than personal finances. I am sure this is a common strategy because I have hear...
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I'd like this thread to be a place where we compile a list of the major tax deductions available to a real estate investor. Since I do flips, I do not get the benefit of depreciation, but here are a couple of good on...
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I am starting to do my tax planning for the year....ERRRRI am trying to figure out how much I can deduct from a BRRR project. I am not clear on the de minims vs 179 vs bonus depreciation vs 27.5 years depreciation My ...
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Currently, I have 7,000 sq. ft. of unused and unrented basement space. It is in the heart of downtown of a smaller (14,000) city. I am brainstorming on what I could use it for.
The building is zoned for commercial an...
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Can someone tell me which company of companies that have a great IRA for investing in real estate notes.