Ana H.
1031 and multi-member LLCs
I have a rental property in California that is held by an LLC , call it 'California LLC' (my wife and I are the only members) and have filed for taxes in 2017 as a partnership. I am selling this property now and purc...
Danny Nikolai
Three questions for my first 1031!
Hey BP community, I'm hoping to 1031 a property from California into a state with no income tax, and am planning on relocating most of my estate into this new state over time. I have three questions about completing t...
Maria Luna
BIGGER DWN PMT=MORE CASH FLOW
HELLO FRIENDS!!Does this sound like a good deal?? SF 3/2 price $160k, down pmt 20%=$32,000. Rents for $15000, cash flow $500 per month after paying mortgage, taxes, insurance and putting a couple hundreds aside for re...
Nick Wehrley
When is Reserve Account “Good”
So I have 6 months of expenses set aside in reserves. Is this an acceptable amount to then increase my cashflow a bit and decrease the amount going into reserves? When below 6 months reserves, I do 10% maintenance, 8-...
Scott Robinson
Its all about relationships
I want to share a wholesale experience from this week, a common scenario for many probably:I got a call from a young lady about a letter we had sent her aunt. She proceeds to let me know her aunt is in the hospital a...
Loren Howard
How Do You Build a REI Team?
No one accomplishes anything alone! YOU NEED A TEAM!!! The Mentor, The Realtor, The Accountant, Contractor, The Property Manager, and Investor! Who are you missing on the team? Did I forget to add someone? How did you...
Amity Word
Replacement Reserves Budget
Replacement reserves are funds that are set aside from a property’s operating cash flow to fund future capital expenditures. Normal wear n tear or repairs.How much should one set aside or budget for replacement reser...
Ruby Ruiz
Selling & Buying "Subject to"
Lately I have gotten more and more familiar with purchasing properties "Subject to," and I like it. This strategy has been able to help homeowners get out of situations and mortgages they can no longer afford. The bes...
Clay W.
Determining Property Cost versus Land Basis
Would appreciate clarification on best determining my dwelling versus land value for depreciation:- Purchased first duplex - Early April 2018 - $369,000 - California- New Tax Assessment received assumes $143,541...
Mike Schorah
What’s the most creative strategy you’ve seen to buy a house?
In Gary Keller’s book, Shift, he lists 25 creative options that are most common, but barely scratch the surface:- Seller Contributions- Seller-Funded Permanent Buydown- Seller-Funded Temporary Buydown- Owner Financing...