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Results (10000)
Fausto Carosella How can I hold a note for balance of lease option fee?
11 October 2014 | 14 replies

Hey everyone,Can I hold a note for the balance of a lease option fee? And how would I go about doing it? For example: I have a seller that is willing to lease option their property, I find the lease option buyer and a...

Yechiel Abekassis Foreclosure
4 April 2016 | 2 replies

Hi BP,HOA bought there own HOA Foreclosure ih 2012 for $9400.The Judgment was for $8600.Do I owe them anything ?The property is in Broward County Florida

Johnny Jean-Pierre Debt to income ratio
20 February 2019 | 2 replies

I have done two BRRRR’s this year so far!!! Both rentals cover the mortgages and leave about $500 in cash flow. The problem now when applying for any other loan my debt to income is too high. I have not filed with the...

Ryan Boren Starting an LLC
28 September 2016 | 2 replies

Hey BP!!I joined BP just a few months ago and since then have purchased one SFR which I am holding as a rental and I am closing next week on a three unit. I am undecided whether to flip the 3 unit or use it as a renta...

Stuart M. Expense Real Estate Taxes on Sched A before in-service?
1 April 2020 | 21 replies

Can you put the real estate taxes on your schedule A while the property is undergoing renovations, before the property is placed in-service?  I was under the impression that you cannot, that they must be added to the ...

Daniel Jenkins Taxes on Investment property: LLC to Personal name switch
22 June 2021 | 4 replies

Hi All, Just looking for some advice and recommendations for an excellent CPA. I purchased my first fix & flip in March this year in Charlotte, NC. Purchased all cash from a wholesaler. After reading various sourc...

Scott Mac How Does an Umbrella Insurance Work
21 February 2023 | 5 replies

So many in here seem to like Umbrella Insurance compared to an LLC.
I'm an LLC guy, but I have some questions about your experiences with Umbrella Insurance.
Both owners and Insurance Sales Experts are invited to co...

Kumar R Series LLC Entity Structure
3 December 2012 | 16 replies

I am starting out as an investor and have done some reading on Series LLC. I searched in the forums and did not find an answer.

I have seen a setup as follows:
1. abc LLC (Parent LLC)
2. 1 Series LLC "cell" to manag...

Kalo (Kyle) Atanasoff How to structure a partnership?
27 February 2015 | 20 replies

Hello BP Team,I am currently working  on establishing a partnership with a person who i know for a long time. Eventually, we want to acquire a SFR or Duplex for Buy'n'Hold with 20% down and total cost between $100k-$1...

Rainiel De La Nuez HELP: Problems with Inherited Property
22 May 2017 | 21 replies

I've got a deal where the seller and I are on pause until we hear back from our attorneys. He inherited the property from his deceased grandmother but the estate is currently in the public notice process(?) and wont b...