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One of our prevalent society myths is that we "make" money. Nope. Money already exists, and the only one who makes it is the government with its overloaded printing machines. The rest of us move money around.If we bot...
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Hello, I have this good opportunity buying a complex. Seller offer private financing for 10 years @ 5% interest rate. Cap rate is 10% @ $2.2m ($400k DP) and I'm calculating approx. 33% annual profit at these rates. Al...
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@Mark I'm typically a buy-and-hold investor and purchase foreclosure properties, renovate, and rent (BRRRR strategy). Generally, there's a significant initial renovation (capital improvement) which on my analysis spr...
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What process would a foreign lender have to go through in order to private lend in the U.S.?
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Last year I had to sell half of a duplex. I met with my CPA, discussed the details and they estimated the taxes owed would be in the neighborhood of $10k. I just got my returns back and I ended up owning over $30k. My...
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IRS will challenge the 750-hour requirement under §469(c)(7)(B)(ii). The Temp Regs set forth the requirements to establish hours of participation §1.469-5T(f)(4): "The extent of an individual's participation in an ...
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We recently had several Menards home improvement stores open in my area and they are awesome! I tend to get business items there for about the same price as anywhere else, but if you time their ads, they send you reba...
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Hello Everyone, You definitely need someone qualified, does not have to be a CPA, could be an Enrolled Agent or an attorney. Just make sure they specialize in tax and have significant experience dealing with real est...
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Aloha, I am new to real estate investing and wanted to know....is it best to start in your own home town or to look else where because it's cheaper? Thanks Ivory
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BP Gurus,
I need your expert advice on forming the company for my rental properties. I am very confused right now. My attorney is telling me that lets open the series LLC and move all the rental properties to...