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My wife & I own an Air B&B, and run it as an LLC in a non-communal property state. I just want to make sure we are doing this right. My understanding is we need to file a 1065 to generate K-1s. If we plan on f...
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I'm 26 years old and my goal in life has always been to retire early and travel the world at a young age. I've worked extremely hard the past few years and I've been able to accumulate/save $250k in cash.
I would lo...
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To start, I’m attempting to purchase my first multi family property. I found a duplex that was listed for $250k. The market has been extremely competitive in my city so I acted fast and offered $255k which the seller ...
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HI,
My wife and I will be locating to SW FL in the near future and was wondering about real estate income.
We will need income , now & latter so we are looking into duplex's, tri-plex, etc. for a income going ...
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This has doubtlessly been covered all over the place, but most of the posts I've read on alternative financing apply to different situations than mine. Though my credit rating is good, I don't meet the income requirem...
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Greetings All,
My name is Adam Scheetz and I'm new to BP. I decided to include my Real Estate plan for public critique. Enjoy and Thank You.
Mission Statement: I'm 30 years old and have been Active-Duty Military for...
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Can you guys and gals help me check out my CAP rate calculation and tell me if there is any thing I have forgotten?
Cap Rate is Net Operating Income divided by Property Cost or Value.
Net Operating Income=
+Revenu...
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Hello guys,While I've listened to many bigger pockets podcasts, I'm new to the community and this is my first post. At 30 years old and after a long educational journey to become a doctor, I'm finally at the point in ...
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Hello BP!My name is Mike and I am new here. I am a 28 year old from Peoria Illinois. I got into real estate a few years ago after messing, or should I say guessing, around with stocks. It was not for me, but it did ge...
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I ask my CPA if they have a strategy for cost segregation, their reply was no. I asked if they have a strategy for step down depreciation, their reply was no. As a r/e investor would it be better to find a CPA who's a...