Eric Hathway
What is the process of buying a property through a private sale?
I am talking to the owner of a 5 unit building I am considering purchasing from him. It is not listed on the MLS. How would I submit an offer? Is there a standard format? Would there be a deposit and escrow? Should I...
Danny Randazzo
Big Four Consultants Buying Multifamily
Before I became a full time real estate investor I was a financial consultant with Deloitte Consulting. Since we as former or active firm employees are all highly motivated individuals and understand the power of work...
Od Ntuk
Solo 401k for My Particular Situation as Prior Business Owner
Hey All,I have been reading through posts on solo 401ks on BP and articles on the internet but I'm not quite finding answers to all my questions. I plan to roll over my Vanguard individual IRA from when I ran my consu...
Christina Gomez
Brand new LLC what tax classification do I choose?
Hello my name is Christina Gomez, I just bought a home on the Big Island of Hawaii. I am starting a vacation Rental where I will be living full time. I have already applied for my LLC and in the process of getting me ...
Michael Camden
S Corp: Refinancing a Planned Flip into a Hold - TAX
Hi All,
We're currently flipping a property within an LLC taxed as an S Corp. The LLC holds title to the property. As an alternative strategy post rehab, we may keep the property as a Hold. If we do so, we'll be ref...
Greyson R Wolf-Dixon
Single family or multi-plex (2/3/4) for first investment
Hi, I currently own a home in WI and would like to pursue owning other properties here. I am nervous about starting in multi-family because of the size and no experience being a property manager/landlord. Looking for ...
Mark Dante
Real Estate Professional Tax Loophole - holdings in a trust
Question for the CPA's - Person A is setting up a trust for estate planning purposes. Person B will be the beneficiary of that trust upon the death of Person A. The assets of the trust are primarily income producing...
Calvin Brown
Looking for Lawyer in Dallas TX to start LLC
Hi Everyone,I am new to the market, I have spent the past year soaking in everything I can. I have found a partner that has access to a large amount of capital. We are looking to create a lawyer and get an official bu...
Jon Elson
The winding road that lead me to BP...
Hello,I am originally from Detroit and have been practicing tax accounting (with a CPA) for the past 5 years in Charlotte, NC. I own a house and two dogs. Over a year ago I read Rich Dad, Poor Dad; I became hooked in ...
Brandon Sturgill
Columbus Ohio CPA?
Does anyone in the area have a connection with a good CPA that works with rehabbers?