Donnie N.
Newbie Question(s): Buying from wholesaler from out of state
Hi,I’m new to this whole process. I’m looking for some advice and help. Here’s where I’m at:1) I’ve found a wholesaler that has properties in Indiana that they’re selling.2) I did the math and the returns makes sense....
Timothy Doenges
How early is *too* early to 1031?
So I was just commiserating with a coworker about how I'd love to move on a new real estate opportunity here in town, but all my capital was currently tied up. I came back to my desk, and looked at the time - it was 1...
Arron Paulino
Funding LLC Starting Out
This seems like a very newbie question. How do you begin funding an LLC? Do I go into my local bank and let them know that I am looking to open a business checking and/or savings account under my LLC? Once in, do I ne...
John Green
Virtual Closings... anyone?
Anyone been doing these or been wanting to do one? Seems like a no brainer but not seeing many folks doing it.
Mark Moore
Contract Software
Hi Everyone, Does anyone have any suggestions for software (or SOMETHING) that quickly creates offers and/or for sending out purchase agreements to sellers? If not, what are you using to get this done efficiently? App...
Jason Antonio
Performing DUE DILIGENCE (NOTES)??
When performing Due Diligence on a prospective investment in this case a Mortgage Note.. what questions are we looking to answer other than maybe status of title and estimated value of the physical property? Any input...
Benjamin Dutil
Help with cash out refinancing
Hi BP community. I bought a 3-unit with cash borrowed from a friend at 4.5%. I wanted to implement the BRRR strategy right away. I bought the property at 60 cents on the dollar. I sought a cash out refi from my local ...
Melanie Baldridge
"Does the IRS require site visits for cost segregation studies?"
A question that we get:
"Does the IRS require site visits for cost segregation studies?"
While the IRS does not mandate a physical site visit, the IRS cost segregation audit technique guide (ATG) does suggest conduc...
Ryan Deasy
Rent to own questions!
Hi! I have a property in West Hartford, CT that I have a potential rent to own buyer/tenant for. Questions:What is the percentage, normally used, for the non-refundable down payment?Is there a rule of thumb as to what...
Michael Sylver
Bonus Depreciation 2023 STR
I've been reading threads... but getting confused. As a high W2 earner I am looking to apply the bonus depreciation in 2023 (my spouse will meet the 100 hour requirement). I'm considering buying 1 STR and 1 LTR. Th...