I have been lending funds to a close friend of mine for a rate of 8%.  I got a 1099-INT from him to file my tax, which I paid a big portion out of 8% (effectively around 6% after paying the gov).  Is there a better wa...

I was speaking with my brother - partner in rental business - and his attorney (Real Estate lawyer) who recommended putting each property into it's own trust or llc.... I am looking for additional experienced advise i...

Hello Everyone!Im from the Tulsa, ok area and have in the last six months started my journey in real estate investing. I currently have not done any deals but am enrolled and actively taking my real estate license cou...

I wanted to get some conversation going about the "4 Loan" rule that the lenders are sticking with at the moment.

Keep in mind that I am talking about direct lenders/mortgage brokers, not hard money or other more cre...

For purposes of reducing my personal taxable income, is it effective to run rental income & expenses through a business?  I need some of the rental income for personal household expenses which would be a salary (r...

I will be investing from out of state (I'm from Argentina).  I'm looking for an attorney and a CPA who could advise which direction to take with the LLC setup.
I will be investing:
Real estate - I will buy 1/2 renta...

Hello BP,Can someone help explain why self-directed IRA’s are subject to UBIT tax on non-recourse loans but a solo 401k is not? I understand that the 401k is considered a “qualified plan” but, in my eyes they both hav...

I am new to BP and working 40 hours a week and commuting 25 hours a week. It made me think of ways to raise passive income and this site couldn't be more perfect to help me. Seriously the best site ever!! I listened t...

I bought a property (built in 1963) for $60K in north carolina from a wholesaler back in Feb 2018. I started the renovation by pulling permit from The city. Since my renovation estimate was under $30K then I put my na...

Good afternoon, everyone. I'm a  new RE agent in the KCMO. market, and was interested in making offers on properties to get potential wholesale deals through the MLS. Is there a limit on how many offers that I can mak...