Steve Hiltabiddle
Private Lending - OPM and Direct Placement
Hello BP Private Lenders,
Over the last 3 years I've been Lending my family's personal funds to Borrowers for their Flips and Buy/Hold projects. However, there have been opportunities where I haven't had all the fund...
Joel Florek
$0 Cash Flow Now for $60,000 Cash Flow Later?
Hello BP Community! My question for you is would you take $0 annual cash flow now for $60,000 annual cash flow in 20 years(progresses $10,000 annually every 3 to 5 years with refinancing)?I am 22 years old and current...
Tanya Patience
Strategy question: Depreciate or Expense?
Hi! I've searched around a ton to find a simple answer to this to no avail. Maybe because it's been hard to wade through the flood of information on depreciation and expenses.I wanted to know the strategy behind wheth...
Clinton Holmes
Who Rents from You?
Hello BP!
One mistake I think many new landlords, myself included, make when starting out is that they don't think about WHO they want to rent to and WHAT unique value / amenity they have to offer those rente...
Jay Y.
Sharing equity with tenants?
Hi all,Just thinking out loud here but would anyone of you consider sharing some equity with your tenants? I'm coming from the angle that I'm a lazy landlord who doesn't want to deal with maintenance calls and I hate...
John F. Hebert
Newbie Advice on buying home 0 down 100% financing
I rent in NYC (astoria queens) 10 min from manhattan and work.
I work in tv/film which is by definition freelance even though I've been working for the last 5 years pretty consistently
I have access to Navy Federal...
Gareth Fisher
Fire Sprinkler Systems
I recently put an office building under contract at a good price. The plan was to convert it from an office building to a 4 unit apartment building. It had plenty of parking and the building was in decent shape. D...
Hudson Doyle
Unexpected Paper Profit Tax Liability
I bought a 2 family the end of 2012 and have now completed my first year as a landlord. My accountant recently provided me with my Schedule E tax return for 2013 and I was surprised to see that my taxable income i...
Patrick Goswitz
Owner Finance Deal. Good or Bad?
I was thinking about owner financing a property to a buyer and I need some help please to figure out if this is a good deal or not.I paid $235,000 for the home. Here would be the terms with the buyer:Sales Price: $315...
Nicole G.
Need Tax Advisor/Strategist/CPA in California
I really need to find a professional to help strategize the best ways to reduce taxes in addition to preparing taxes. I have several rental properties and I am self-employed as a real estate agent. For example, I didn...