Account Closed
Schedule E Red Flags
Hi,I looked on my returns this year on my schedule E and on one of my rentals my CPA didn’t put an amount in my utilities section. Would that be a red flag for the IRS for audit? The building is a multi family 6 unit....
Spencer Herrick
Tax Sales and Obtaining Tax Lien Certificates
I'm beginning to learn more and more about tax lien certificates. Being new to real estate investing, I'm a bit unclear how they work, or more so, who's allowed to participate in them. I've noticed on my MLS that ther...
Yern Chao
Maximum "Gifting" to avoid capital gains
HelloWe are considering selling our duplex in Chico, CA but are worried about paying capital gains on our property. I know to avoid this, we could do a 1031 exchange, but we are not entirely sure we want to stay in th...
Robert Szalay
HELOC Idea... is this doable?
Good evening BP,On my drive home tonight I had this idea and wanted to run it by some brilliant minds to see if it can be done. I am trying to find finding for my next property and I realized my mom and sister both ha...
Anthony Harper
Landlord Policy for 4-Plex
I'm under contract right now for a 4-family in South City. My objective with this landlord policy is to protect my investment, whether there is a partial loss or total loss. I've narrowed it down the choice between tw...
Christian Beebe
A question for finance/numbers geeks, refi house to payoff car?
So looking for a second and third opinion on a situation. My partner has amazing credit. She also has a 2019 Honda Accord at 60 months at 1.9% that is a year old loan and owes about $22,000 on it. She has a house w...
Dallas Ouano
Looking to build Philadelphia network
I'm a new investor from out of state looking to network with attorneys and brokers for some new deals and deal structuring we are looking at in Philadelphia. Will be in town on Thursday May 17th (evening), Saturday M...
Joe Derobertis
First timer looking for turnkey in KCMO
Hey all,Just getting started on this journey and have started narrowing in on Kansas City MO. As I’m out of state I’m looking for a more passive situation and have started talking with a local turnkey provider but fig...
Michael Guzik
Where to get a house hack loan?
Howdy guys I am looking to take down my first house hack deal here in San Antonio. My question is should I use a local bank or some other bank/lender that you see on redfin and zillow? I was using a company called fai...
Armando Carrera
STR in Flagstaff?
Hi everyone,
Wife and I visited Flagstaff over the weekend and loved it. Now are considering purchasing out there to become part time "snowbirds". We have about $100k to put down which is about 20% in the market we a...