Chris Armstrong
Really Trying to understand Depreciation and Recapture upon sale
Hey BP I have been thinking a lot about the issue of depreciation on rental properties and what happens when you sell one after a long time without use of a 1031. I guess I have been thinking about a property that is ...
Rich Cee
WHAT IS A DEAL TO YOU?
What is a deal to you and why? I'm sure not every one is strictly focused on the 70% ARV-repairs, 50% (multifamily), or 2% for B&H. The BP boys also mention that these are only guidelines, but what do you all focu...
Ben Leybovich
Under Contract...Finally, after 5 months
Well, I don't know how many deals you guys are getting, but after 5 months, several hundred underwritten deals, and several best and finals, we finally are under contract on a 98 unit value add.What it took:- $100,000...
Paul Chen
Possible eviction with ill patient…
My tenant told me yesterday that they’re only able to pay half of this month rent (was due on 1st) tomorrow and will pay the rest by 12th with its late fee. Though I’d O. K. it but after I’d just found out from ...
Cassidy Farnsworth
#1 thing that prevented you from doing your 1st deal?
I am new to the BP forums as well as real estate investing. I have a date set in which I would like to have done my first deal by (first of 2019). Being in this stage is exciting but also somewhat nerve wrecking.
I w...
Brandon McLean
Tax Saving Idea Thread
Hello! Let's start a list of ideas we all can do to pay less taxes! I heard someone on the podcast recently just briefly say "Learn to live on pre-tax money." And I haven't been able to get that out of my head since...
Rodney Marcantel
Back from Flip Advantage 3day training
Just got back from Dallas Tarek and Christina El Mossa's Flip Advantage training. Good training but the $20k to $70k cost for advanced training and prop stream software was too much to me. Thoughts anyone?
Davido Davido
Neighborhood Cooperates to Rent Abandoned Home. Who Pays Taxes?
In this situation, $60,250 has been collected in rents over a 12-year period ($38,000 net), yet I cannot tell who, if anyone has a reporting or tax liability for the rents collected, or when their liability, if any, w...
Marcus Kennedy
First Call from probate mailings! Help!
So I just received a call from a lady who has received one of my probate letters. She left a voicemail and I called her back when I was avaialble. She said she was not the executor but the daughter of the deceased and...
Michael Wentzel
Giving back to tenants?
Last year we tried something new. In early December, we sent both our tenants (we only had two units at the time) a Christmas card saying thank you and enclosing a $50 gift card. We did it mainly to say thank-you t...