I've just come under contract for a 12-unit apartment in Spokane, WA that was built in the 70's and remodeled in 2014. Purchase price was $720,000, and I intend to hold on to the property for >5 years. It is not pa...
I am a small business owner who has been involved with multiple syndicates in the past. But I’ve come to realize in order to maximize the tax benefits and long-term earnings. I need to start buying my own properties. ...
I am researching the tax advantages of started my own property management company to manage my rentals. My current plan is to create it as a LLC taxed as a S-corp and pay the company a management fee to manage my long...
I am trying to think of the best scenario to get maximum tax benefit for rental property in the following scenario.
Say that I have a house that is paid off and I want to convert it to rental property. If I take cas...
Closed on a 55-Unit Apartment Complex!
Hey BP family,
I’m excited to share a major win with you all! Our team at Missional Capital Group just closed on The Timbers Fund—a 55-unit apartment complex located in Ala...
My parents bought this for me many years ago. I'm in the process of transferring ownership to me. The cash value currently is around 24K. The death benefit is only 100,000. I know I can borrow against the cash value, ...
With the new tax reform it brought a new chance for us to defer our taxes with Opportunity Zones. With the Investing in Opportunity Act, it will allow investors to defer their taxes by re investing their money into an...
I saw an extremely run down property with 3 tiny one room studios in a row house, perhaps 200 SF each! Another 1/1 was a little bigger. And a main house was about 2000 sf. This isn't the kind of property I would want ...
I'm looking at a duplex property in North Philly and the ground floor footprint is significantly larger than the top floor, so I'm hoping to move the second floor apt kitchen and bathroom adding space for another bedr...