Saad Handoo
Writing off Depreciation Expense
I read somewhere that you can write off on your taxes a certain portion of your income if the property is younger than 27.5 years (or something to that tune). I recall there being something about a 10K threshold. Mayb...
Sean Cole
New Member from Cincinnati - experienced investor and wholesaler
I've been a real estate investor and wholesaler since 2012 in Cincinnati, Ohio and surrounding markets. We've rehabbed 6 houses on our own and I've now wholesaled north of 300 deals to other real estate investors.I'v...
Keaton Smith
Do I sign with Realtor before pre-market privilege?
Hi all! Basic etiquette question, but if I am targeting a specific metro and am hoping to have realtor help in searching for deals, should I contact several good realtors in the area, let them know my niche and ask if...
James Lee
Newbie Question on Contracts in CA
Here are a few basic questions regarding which contracts to use when wholesaling in CA. I am hoping someone can help me out with this. Thanks.
1. CA Residential Purchase Agreement Contract - The seller of the hous...
Tyler Faison
The legal side of an equity partnership
I’m looking at going into a deal with someone that already owns a piece of property. We are essentially supplying the tenants in exchange for equity in the property as opposed to a percentage of the income. We have a ...
Jason King
Question about condos in apartment complexes
There are a lot of condos for sale in Tampa and surrounding areas. One thing I've noticed is that a lot of them are in apartement complexes where the majority of units are being rented and not owned. Maybe I'm a newb,...
Christian Hutchinson
Commerical Financing Idea
I am meeting with 2 separate private investors this week. We are looking to step up into Apartment Buildings versus the SFH and 1-4 Unit properties we are doing.The property in question is between 1.1-1.4M. We barely...
Matthew Hunter
HELOC: Understanding how it works
I have an investment property with a balance of $115K but it’s zestimate is $180K. Let’s assume I can take out a HELOC for $65K. Does the mortgage balance on my home go up to $180K or would the balance on that home st...
Ryan LaRocca
Taxes and Startup Costs
Hello BP,
Was hoping to get some insight on running a business and some of the tax benefits involved. I am mostly interested in the possible tax deductions that I can get from spending money on my real estate...
David Jarvi
California Owner/Builder Fix/Flip
I'm researching what it means to be an Owner/Builder in CALIFORNIA and came across this website:http://www.cslb.ca.gov/Consumers/Building_Official...1) Owner/builders NEED a contractor license if they "Intend" to sell...