Hi BP Family

My Loan estimate document for a purchase shows following. I am buying in Roseville California. I have not done this before and tempted to try to shop for these services. What is the risk if I shop for ...

Nothing can be more frustrating when you lose money on a flip.  There are many reasons that can happen.  The experienced ones on here have probably experienced some of these; such as fire, mold, water leaks, moving be...

Hey BP friends, had to share the event!  This deal was 24 years in the making - growing in intensity this past 2 months!  My partner wanted to retire from the business and so I offered to buy out his shares of the LLC...

After getting charged between 12-15% interest I finally connected with someone who has "their own money" rather then a traditional hard money lenders and companies. So rates and terms will be better.In the past - my o...

Hello Everyone, so I have one fourplex and looking to close on another one in a month. Started my purchasing process in March after listening to podcasts and audible books from Dec to Feb. One of the things that @Davi...

I own a few multi-family properties in Minneapolis/St.Paul and am looking for a good accountant who can maximize tax breaks and help plan for future investments.

Hi,

Through the local clerk of court's website I am able to go online and find all of the properties where the bank has just started the foreclosure process in the last week or so. I am exctracting the information an...

This is my first post on this forum but I’ve been a long time listener and lurker. I’m in contract on 2 tri-plex units being sold as 1 six unit. I’ve flipped 18 homes and purchased 2 other multi families with standard...

I am a new real estate investor and bought a 4plex which at the the time seemed like a great deal. Asking price was 84,000 I offered 79,000 and got it. Came fully occupied with tenants but after the 1st month they wer...

Here’s the answer:

To qualify as a Real Estate Professional (RE Pro) in 2024, you need to meet certain criteria set forth by the IRS.
Here are some of the key requirements:
1. Material Participation in a Real Est...