Jason Cummins
Partnering with the seller
I have a seller I am talking to, seems to be a pretty decent deal. What is even sweeter is she is willing to make payments on the house while we are fixing it up, then split profits at the sale.
I am having a hard t...
Patrick Shep
End of year tax strategies?
What are some good end of year tax deduction strategies (outside of increasing your 401lk contributions). I've read a lot of people will buy a property as an STR, put it into service then do a cost seg. I'm looking to...
Sean Herndon
Issue with setback on our first house hack
Hi, We are working on our first house hack. We are still in our due diligence period. So far, inspections are all good. We elected to have a survey conducted, and its come back where the house crosses into the setba...
Hari Ku
Entity structure for beginner CA investor
I've devoured all Youtube videos and form posts related to setting up an appropriate entity structures. I've also spoken to a few services popular here on BP. At the end, I'm still confused.Here is my situation- W2 ea...
Bryan Hancock
Passive Investors - Who Would You Want Negotiating Your Workouts?
Our funding portal is working through the final legal items for doing debt projects that can later be sold to the crowd. We'll do interim construction loans, bridge loans, SBA 504 2nds, and various other loan types i...
Vida Novak
Bought half a double lot, but the house is on the property line
Working on a house flip, but have a bit of a concern. A wholesaler sold me the house-half of a double lot. Typical strategy, they hold and sell the empty lot separately, I didn't have a problem with it, as I got a g...
Josh LaRose
When to Incorporate
Good morning BP community - my buddy owns a real estate investing business in my hometown, upstate NY. He started offering an Apprentice program this past summer which I joined. It consists right now of driving for do...
Tracey Leung
Inspection Report - Structural Remarks
I am in process of purchasing a turnkey property (built 1969, 3 bed/2 bath for $139k.) The inspection report came back with some minor findings. There is a structural finding: "Unusual settling cracks and significant...
Dan Becker
Legal/Tax Suggestions for Seller wanting to preserve step-up tax shield benefit
Hi All,I am looking for deal structure suggestions on a unique situation that involves a home held in trust.I have a seller who owns and rents out an SFR that has an FMV of $~2M. He and his wife hold it in a revocabl...
Jack Hogan
Multiple listings or one listing?
Hi all - what do others do when assessing a smaller property (< 0.5 acre) that has multiple standalone structures that could be rented separately but they do not have great separation for privacy? For example a pro...