Looking for advice for those who own self-storage facilities. I have come across a small facility for sale, the owners are looking to retire. It is a simple block construction building, no security gate, no office on ...
I am performing due diligence on my first deal and find out the seller can't/won't prove the income on the property, what now? The seller won't provide bank statements or tax returns and I am unsure to whether rent...
This past year I spent somewhere around $30k in renovations for my MFR. Do I have to claim all of renovations for 2016 on my 2016 tax return or can I claim work completed for future tax years? My concern is my rental ...
I'm working on getting a loan for a larger MF deal. I'm creating a a single purpose entity (LLC) that will own the real estate. Seeing as the entity has no history or credit and the loan is less than a $1MM. I'm p...
I am a limited partner in a property which had some large paper losses this past year. I own less than 10% of the partnership and I have no daily operational responsibilities. My K1 statement from the partnership is s...
Hello,
We’re relatively new to a neighborhood and have made our house look like one of the best on the block with the combination of shrubs, annuals and perennials. I get this is subjective but it’s pretty much an ob...
Hi all,I am currently a realtor and myself and a partner have done a couple 6-10mo flips on our own. It's been very handshake agreement, and he's a friend so no issues. I am now getting a lot of traffic from other fri...
Hello All, I'm ready to BRRRR my first property and after reading the BRRRR book I want to ensure I have the refinancing portion sorted before purchasing. I'm having trouble finding a financial institution that will h...
BP, I need your feedback; I am in the midst of my first wholesale deal and I need a few questions answered if you can be of assistance.
I am working with a client from the Chicago Area (my previous home locale) we ar...
Hey BP Fam!Got a quick question. I have been approved for $100k Conventional Loan. I live in Cincinnati, OH and have not had much luck finding SFR's or Multifamilies within my budget that were not a complete overhau...