Hello BP Community!My name is Jonathan Kimball and I'm brand new to real estate investing. A little background on me, I'm an O-3 in the Air Force and over the past 4'ish years became an ardent follower of the "FIRE" m...
My business partner and I are creating a real estate investment firm. -- Our niche will be acquiring Chicago properties to convert to short-term rentals.
We will acquire the properties under our LLC and keep them re...
I self manage 6 SFR. With my first lease I started with a flat $50 fee if rent wasn't paid before the 7th of the month at 9pm. A tenant took advantage of that and now pays at the end of every month but I get an extr...
Hello BP Community!So kinda of confused on house hacking, such as if you were to move into your 2nd house hack what do you do with the first one?1. Do I change the loan of the 1st house hack?2. Is there anything I sho...
Hello fellow investors
I've been looking into software and was wondering about REI Pro has anyone else tried this software ? or has another software suggestion
Hello BP Fam! Typically not active in the forums but wanted to take an opportunity to reach out for all of your fantastic advice you guys usually give. My wife, brother and I are really looking to scale with our RE in...
Hello,
Long time listener, first time caller. (Love a good radio throwback)
I am curious what/how most people are financing multifamily deals? What is the "traditional" way of financing them? Are DSCR loans looked d...
Hello BP community!We started an LLC last year and are about to file our first return for 2024. We have purchased a property for flip that's currently under renovation. I wanted some advice on whether we need a specia...
The real estate professional rule states:"A taxpayer will be considered a real estate professional if (1) more than one-half of the total personal services the taxpayer performs in trades or businesses are performed i...
I currently own a town-home in a great neighborhood that I purchased back in 2020. I am looking to start my real estate investing journey and my first thought is to utilize a HELOC on my primary residence, rent it out...