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How many properties does a person need to hold to justificy 750 hours? For example if you own a two family house and rent both units it would be hard to justify that you worked 750 hours to maintain this. IRS does not...
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BP mastermind,I wanted to share the story of my very first deal. It's not the best deal ever, but I had to start somewhere after 6 months learning the theory (a lot thanks to BiggerPockets's mantra of taking action an...
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Okay, this is a little gross and a little morbid, but this isn't my expertise. So, I am buying a house that has a large thick blood stain in the bedroom. The seller told me that the tenant had a massive heart attac...
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My name is Cloud Mason. I have lived in Texas my entire life. After a 10 year hiatus from real estate investing, I am interested in advice and assistance in rebuilding my wealth through investment opportunities requir...
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Hello BP members. Recently I purchased a new rental that was distressed to say the least. I purchased the property from a landlord who was just burned out. His tenant went on a drug/drinking binge and he and locked hi...
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Good day PB folks,As you may have noticed from the title of this post, let’s just say as I’m new to the real estate investing world as the come back of the fidget spinners. I am learning everyday, listening to the Mon...
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I am interested in forming an LLC w/ S-corp status for tax implications. The idea would be to build a team and protect my brand. I have heard some people say that forming an LLC is mainly for legal protection and othe...
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Hi,
I have a 1250sqft 2 story 3 bed 2 bath condo built in 1977 which recently had a big water leak. Because the tenant couldn't detect it in time, we had to throw away newly installed floors on entire downstairs. Tha...
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I wanted to get people's experience with real estate funds. As a sponsor/syndicator/real estate entrepreneur have you ever thought of creating a fund? If so why and if not why not?Here are the problems I see with ...