Does anyone know how you would deduct the costs of obtaining a line of credit? For example, let's say I get a line of credit and I pay the following fees:Attorney Fees: $500Origination Fees: $750Title Fees: $1,500Cou...
I am a real estate investor and realtor in Colorado. I'm working on a small multifamily, condominiumized development. I am trying to figure out a structure for a joint partnership. the project looks like this....10-12...
OK I would like to get some advice I have a completely paid off house Proxima appraisal is about $134,000 I bought it as a fix and flip I was going to use the profits and go buy a more fixing flips-but I found ...
Hi BP family, what is the best taxation status for an LLC with 2 members, s-Corp or partnership?
I'm looking at a potential investment property that has 3 units but one of them is a garden unit that is not officially registered (it's listed as an unfinished basement). it was a front and back door with 2 bedrooms,...
I learned about a method where someone can wholesale a REO by transferring 100% LLC membership rights to a buyer. Other than an operating agreement, is there any other documents I need?
SO i've been debating recently to figure out if i should get my real estate license and i finally came to a thought and just told myself get it. Now i have been looking up different schools or courses to take but i fo...
Hello,My GF is in a pretty frustrating situation with her current lender and I wanted to explain the situation to hopefully get some guidance on what she should do. She is currently in the process of a cash-out refina...
Hello! I'm currently brainstorming with a group of individuals regarding starting our own real estate business, buying properties, and converting them into rentals, But, we seem to have conflicting ways on how to go a...
To be able to wholesale, rehab and flip multiple properties intended for sale/rent for profit is it necessary that I may need to obtain a real estate license or no?