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I just wanted to say that I am VERY excited my wife and I have officially started our rental property empire! I've been following (more like stalking) BP for close to a year now soaking up information but this is my f...
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I am new to these forums and to the real estate investing world… I recently acquired a single-family home that's a non-conforming duplex. The previous owners paid all utilities for both tenants and included that in th...
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You just got a new listing. What processes do you go though? What do you do to leverage that listing to a) bring in more listings? b) bring in more buyer leads? c) create the best transaction for your seller?
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Hello Tax pros,I am planning on executing a 1031 Exchange (simple one - no boot, same owner, etc.) using IPX 1031 sometime over next couple of months (already had call with IPX) and had a question relating to my taxe...
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I am looking to purchase my first investment porperty and I am wondering if I should setup a DBA, an LLC, or incorporate. I am an individual investor, but will also put my wife on the deeds. I plan to make her a 50% p...
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Providing lots of detail below, but the TL:DR - water usage 15 times the usual bill. No leaks found anywhere (including running toilets) and unsure how they would go through this much water accidently. How would you s...
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Hi,As I understand, the inheritance tax that a foreigner has to pay to inherit a property from another foreigner is 40% from the excess in the market value of $60k of the inherited rental property located in the US.To...
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Received our first rent check. Feels good. I have certain amounts that i want to divy up to go towards future expenses (capex etc). We also set up a competely separate account for the house. Do we leave that excess in...
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We'd like to think we have pretty detailed property management contract. We list everything we think has about an 80% probability of happening, with any correlated extra fees if it's not covered by the management fee....
Hello. I am looking to make my first offer and it is a complex situation on the seller's end (POA is selling the house) and their agent is fairly new to the business. I do have an agent helping me with the purchase a...