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I went to a FortuneBuilders seminar this past weekend and am wondering if it's worth the $20-34K Invest they are asking for. Does anyone have any knowledge about them, good or bad? Or is there a better way to get star...
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Hi everyone, I am in contract currently purchasing an apt building. The sale is suppose to be an "entity sale" however I am a bit confused. My intentions are to purchase the LLC entity that holds the real estate in ef...
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The real estate professional rule states:"A taxpayer will be considered a real estate professional if (1) more than one-half of the total personal services the taxpayer performs in trades or businesses are performed i...
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Hi,So recently I had a seller interested in selling me their multifamily units. Total of 9 duplexes, 3 duplexes on 3 parcels of land. The property was not on the market, I contacted to them to see if they would be int...
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Hello all! New to the BP world but would love to hear why or why not to the question below.Should a military member keep a house and rent it when they move to another duty station? I believe the answer is yes (I kno...
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Hey guys I have a question of a somewhat delicate matter. My sister's husband fled the country because of IRS problems. We have lost all contact with him. She wants to sell her house but it is in both of their name...
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Financing my first flip with a solid GC project managing start to finish. While I have the time to manage the backend accounting and organization of paperwork, what will a good bookkeeper take off my hands? I'd rather...
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As the title says, I was pre-approved for an owner occupant loan in Chambersburg, PA! I plan to house hack so I am now looking for four unit multifamily properties. I'm really excited and just wanted to say thank you ...
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Hello All, Can anyone recommend a good inexpensive company/site to form an LLC in California? Thanks.
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Background: Bought 3 bed 2 bath 1900 sq ft primary residence home outside of Sacramento in 2019 for $540K. I used the VA mortgage loan with 0% down (no PMI) and currently have a 30 year mortgage rate at 2.25%. I wil...