One thing often mentioned on the BP podcasts is benefiting from accelerated depreciation for tax purposes (specifically, I'm talking about taking a 100% depreciation in the year of purchase). I recently reached out to...
Hello BP!!
During some research I have came across Dodd-Frank and SAFE act regulations with seller financing. As a new investor should I meet with a RMLO and/or Real Estate Attorney:
Before I start maki...
We are selling our primary home in a very hot San Diego market. We received multiple offers, pushing the price 40k+ over asking. Accepted offer came from a buyer utilizing an appraisal gap clause to offer an addition...
Hello BP, when establish a LLC with the intention to create series LLC in the future and possibly using Land Trust to hide the ownership, who are the people that i must hire full-time or part-time? How do i manage and...
I found this article on [REMOVED] explaining the four steps of wholesaling. Although it seems pretty legit, I had to post and get feedback.
[COPYRIGHTED MATERIAL REMOVED. POSTER IS DESCRIBING WHOLESALING]
Yay? nay...
Tldr- Looking for advice or expertise on getting a 90/10 loan on legal non conforming owner occupied property. Bonus points if you know solutions in Colorado Springs.
Long story - under contract on a legal non confor...
I have a two family house in Queens NY 1st floor tenant has been paying up to date 2nd floor tenant has stop paying since March , spoke to him today said he won’t pay until July because of covid . Now I spoke to my a...
What do you think of a syndicated apartment value-add strategy, slated for 4 years, with an IRR of 21% and an equity multiple of 2.0+, yet 0% cash flow in year 1? My two thoughts would be a) does that indicate anythin...
I currently fund my California fix and flips with a mixture of Hard Money and Private Money. I create a promissory note for the PM and record it as a second lien against the property.
With the current requirement in...
Hi, I was told by my real estate lawyer that I can no longer accept cash rental payments from my tenants now that he created a series llc for me. Is this true? I just find it odd since I've seen other "llc" companies...