Can you share how depreciation works in a Joint Venture? Partner brings caliptal/down payment (passive involvement) and I do the management (active REPS activity). If there is only a JV and not a new LLC formed, what ...
I'm not exactly a new member, as I've been here for some time, but I've recently resolved to become more active on the forums. I look forward to providing and receiving new perspectives, networking with others, and ex...
Hello Ladies and Gentlemen, Long time reader that finally signed up! ha! I hope to become an active part of BP and share knowledge to help others as many of you have! I am working on starting something within my loc...
Hello All,So ive been thinking about foreclosure homes and how to get people out of the situation by creating a win win situation. So I have a possible strategy but I want to know if it sounds ok.Example Scenario:I ha...
When faxing an offer to listing agents is it professionally ok to do a LOI rather than a purchase agreement (on REO's or successions for example). Thanks in advance!
I am considering hiring a property management company for a rental but I've heard that, in doing so, the rental income will be classified as a passive investment for me. My worry is that I would not be able to write m...
Is anyone familiar with the rule listed in the title and is anyone that has a full-time job in another industry using this rule? The first two CPAs I reached out to advised against this. Looking for someone who is suc...
So I do day trading at home - it uses to be an apartment but it was a good year and I bought a house outright.Can I deduct the space I utilize in my home as a business expense on next year's taxes?Also do I need a bus...
I have been wanting to expand my rental property portfolio. I have found a few deals. I would like to invest into properties with 5 or more units. I don't have the capital to afford the downpayment for a conventional ...
These 2 question is for commercial investors and syndicators - 1. where do you look for capital raisers? If I do a search on LinkedIn, what titles should I look for? I've seen things like "I help people invest in real...