I formed a partnership with an investor and we have $300k sitting in the operating account. Rather than paying a property manager a $1,000 fee to place our tenants in the property, I am doing that and partner told me ...

Hello All. I live in california and about to close on my first rental property in Cleveland, Ohio, and getting goosebumps over forming an llc. What am I supposed to do? Form an LLC in CA and bring Ohio (or any other s...

I am wholesaling my first residential zoned parcel of land and as a newbie to land wholesaling, what specifically do land developers look for in the land itself for purchasing it? I've done all the research and due di...

Hey BP,

Could someone give me a run down of how 1031 exchanges work? I understand that the benefit is you do not have to pay capital gains tax, but how does it work exactly? Any feedback would be great.
Thanks,
Tom

Hello Everyone,
Thank you for taking the time to read my post. I'm currently navigating the complex process of finding a reputable asset protection attorney with expertise in real estate. My journey has introduced me...

I have read that now its only legal to invest 10% of your liquid net worth in a trust deed in California. So if you want to buy a 100k trust deed you need to have a cool million in the bank. I have also read that yo...

BP - I live in Houston, TX, and unless you have been living under a rock, you have heard about widespread flooding from Hurricane Harvey.  I personally did not flood, but there are neighborhoods that have been heavily...

I am member of a LLC (more than 1 member) that was formed in 2007 and we buy and sell residential property. I am getting ready to prepare tax form 1065 (and the related K-1 forms). We have bought & sold 2 proper...

Wealth is not an accident, it’s a choice. And on today’s powerful episode of The BiggerPockets Podcast, you’ll learn exactly how to make that choice each and every day. We’re excited to bring back two return guests, H...

We've always been able to get rid of ANY odor, eventually, no matter how bad, even if it meant refinishing floors with six coats of poly with vinyl flooring over it! But we have a 2 BR unit that some mentally ill peop...