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Hey Everyone! I'm debating whether or not to have my first property be a house hack or to buy and have long term tenants. I know this is very specific depending on location and property but I wanted to get some opin...
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So when you flip a house and make profit from it, you basically getting tax alot, like around 40 percent, is that correct? How are all these people flippers making money , i assume that there ARV is really good then t...
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Hello y’all, I’ve posted something similar not too long ago, but I still feel compelled to build something incredibly unique. I’m looking to build a 1-2 bedroom that caters to honeymooners and people wanting to stay ...
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There seems to be a difference between the level of professionalism (communication, promptness, clarity, responsiveness, etc.) between the sponsor of a syndication project versus a Turnkey provider or their PMs.I susp...
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I’m learning some states have laws against door knocking pre-foreclosures/distressed homeowners. I see a lot about “equity skimming” which is very specific and doesn’t mean every investor is looking to skim because th...
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So an experienced CPA recently told me that essentially all costs incurred prior to placing a tenant are considered to be acquisition costs and get written off only as depreciation. Is this true? I'm sure he knows wha...
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Hi BP,I know most people here with multiple properties have dealt with this situation. Over the past 18 months I have acquired 4 rental properties, refinanced my home, and opened a HELOC. All good things, except my cr...
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Hi guys, do I understand correctly that in order to protect myself better I should:1) use a special warranty deed to transfer a property from my personal name into an LLC?2) use a general deed to transfer that propert...
I recently found a very good foreclosure on Homepath.com, submitted an offer which was accepted, did home inspection, and then found out that no title insurance company is willing to insure this property because all f...
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I am reading the book on flipping houses and it mentions how difficult it can be to receive money for rehab on the house you are trying to get a loan for. If i were to go with traditional financing, how can i come up ...