Stacey Rackham
Salon owner looking to diversify
I currently operate my salon business under my LLC in Michigan. I am looking to add diversity to my business and live in a populated rental area/Detroit. I own my current home with a mortgage and purchased in 2018. It...
Simone Roche
Tax Question: Rental prop -> failed renovation -> sold
Bought a rental property in LA County, CA back in April 2018. Rented until Sept. 2018. Hired contractor for renovation in May 2018. Due to unexpected increase in cost to complete renovation the renovation project wa...
Joshua Craig
Starting a private REIT
I’m looking at starting a private REIT with friends and family. My idea is to form an LLC with ownership equally spread across all investors. After this is done, my idea was to have everyone (around 10 ppl) invest $50...
Chris K.
Tax deduction question from first investment property
Hi,I am interested in my first investment property but I am trying to understand all tax pros/cons beforehand.Let’s say I get paid through a w2 and also 1099 (self employed) and I have to pay about 10k annually on tax...
Sam Khoshnavaz
Questions About Direct Mail Markting
Hello BP Community.I have finally gathered a list of potential houses that I would love to target in my farm area and am ready to start sending direct mail to these house. However, I have a few questions about getting...
Jeromie Williams
How do you network during this pandemic?
Since I'm still new to the real estate lifestyle, I don't have many contacts in this field. I started going to meet-ups late last year obviously not even knowing what I wanted to do in real estate. Unfortunately, now ...
Collin Lee Johnson
Allocating additional funds so as to appear below income limits
Alright guys so here's a hypothetical (and it is an actual hypothetical right now as I haven't gotten a raise yet); let's say that someone is currently making below the income limits for a housing program and will be ...
Shervin Sepehri
How to Negotiate the Sales Price Down for a 7 Unit Multi in MD
The list price of this property is around 350K and the current NOI is abysmal roughly 17000. 3 of the units are vacant 1 unit is "rented" to the current landlord's son (rent free). Bank offered us a 15 year amort 6.25...
James W.
To Upgrade, Or Not to Upgrade - is the question.
Hi gys - I find this nice property. Its got basic kitchen - simple appliances, wooden countertops, old style cabinets. but all looks clean, good, not damaged.It comes to mind to upgrade all this to sell higher and qui...
Yer Ly
Second Post. Help Analyzing this Deal
This is my first analysis. I don't know what major repairs have been made yet. I haven't talked to seller yet. Do you see anything that I should increase or decrease? Any advice would be really appreciated. Thanks in ...