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I have a two member LLC that owns a small apartment building. We file Forms1065 and 8825. Don't file Sch. E, it isn't necessary when you file 8825.
The income from rent shows up on Line 17, Form 1040.
Since the i...
I recently found a property that I want to purchase, a friend told me he could loan me the for the down payment. He wants interest on his loan and the loan repaid within 1 year. What would the best strategy for this s...
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Just getting into the game. Looks like my best financing options for my first flip are a securities backed LOC, HELOC and/or 401k loan. Will I have issues if I apply for two lines of credit at the same time? Are there...
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Hey BP,I initially wanted to start out flipping but now I really would like to take advantage of the brrr technique. My two issues were the down payment for a 80/20 commercial loan and also being able to move on to th...
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By the end of the summer I should have all 3 of my credit scores above 800. How likely is it to obtain AT LEAST $100k in unsecured lines? Is there a path, a step by step to gaining credit lines? I'm not worried abo...
If I want to sell a property to a wholesaler or other cash-purchaser, who do I contact? How do I find them? Any recommendations for the North Keller/ Roanoke area?
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On December 11, Oracle, the world's largest data base company, announced it was moving its headquarters from Silicon Valley to Austin. The announcement, coupled with major expansions underway by Apple, Facebook, Tesla...
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Hello BP! I am a newbie in the game. I reside in Atlanta, Ga. I am looking into starting out in rental property investing possibly do flipping down the line. I am eager to learn. So I will be a regular here. Also curr...
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I am new to the investment game although i have listened, studied and taking courses for years. I have a fully paid off property in an LLC (open to quickclaim deed for the loan) that I am trying to use the equity to...
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I've been studying the real estate game for a while now and I haven't been able to find a workaround for the requirement to occupy the property within 60 days. I would like to know what circumstance would allow for th...