Lorenzo Caballero
Backing out of a deal
I have a property under contract and an issue came up with my end buyer. He is unable to take the property because of an unexpected problem on another house he is rehabbing. When talking to the seller BEFORE getting i...
Byron W.
Design questions about purchasing a gut rehab w/ 203k
I'm looking to purchase a 3 unit property in Chicago that's a full gut rehab. Each unit is a 4 bedroom 1-1.5 bath. The property is currently gutted to the studs. I'm wondering, what should my plans be in terms of figu...
Victor B.
How does accelerated depreciation work + request for resources
One thing often mentioned on the BP podcasts is benefiting from accelerated depreciation for tax purposes (specifically, I'm talking about taking a 100% depreciation in the year of purchase). I recently reached out to...
Tiziano Ovale
Wholesaling contracts need it
Hello guys, my name is Tiziano, i`m a beginner investor in San Diego, i was wondering if anyone could help me with some contracts specific to the State of California, such as a purchase agreement between me and the se...
Jorge Vazquez
3 Property Investment Rules for Every Investor
3 Property Investment Rules for Every Investor By Jorge Vazquez Property Value Investment.Investment property, and real estate in general, is a great way to generate income. But with all investments, it helps to obse...
Chris Martin
1031 exchange - percentage ownernship identification?
I will try to keep this short and to the point. We sold a property and hired a QI to handle the 1031 exchange. Our Replacement Identification did not include a percentage ownership (it was/is assumed at 100%) and by t...
Joey Coffing
Are auction properties my best bet right now?
Hello all,I'm posting here to ask for some advice regarding my specific situation. After living paycheck to paycheck for years, I received a small inheritance of around $25k, and would like to use that to start my rea...
Rhe Cowee
VA Assumable Loan - California Agent/Lender Recommendations
Hi Everyone,
I am looking to use my VA loan to purchase a condo/house with an assumable mortgage. I am searching in San Diego and Orange County areas. Does anyone have any recommendations for a real estate agent that...
Matt Doepke
Bought STR in 2023 but didn't rent. Any tax benefits available?
Hi BP! Thanks in advance for your insights - I just purchased my first real estate investment property a couple months ago (2023) and looking for some tax guidance. I purchased a single family home under my LLC and ha...
Amanda Scully
Calculator Questions: Estimating in NJ
I have some questions about what to enter into the calculator specifically when estimating costs in New Jersey. I'm looking to do a flip and I'm wondering what I enter into the calculator for: -purchase closing costs ...