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I am currently looking to do my first BRRRR deal, and I noticed that a lot of Hard Money Lenders will only lend to an LLC or other business entity. Upon realizing this, I began researching and have learned that it can...
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My wife and I bought our first duplex with tenants in place. 2nd floor tenant is on a year lease, but the first floor tenant is month to month and has been renting for the last 16 years. She is older and is on a fixed...
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Hey BP fam,I love living in San Diego. Friends, family, surfing. BUT, as I've heard "Hate Taxes? Love Texas!"1.) Could I buy a house in Austin, rent out all of the rooms except my room, and change my residence to TX? ...
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Hi everybody.
My name is William Laurent.
I need to connect with some active agent who will be able to discuss with me the possibility to give me access to MLS like a "Assistant ", I know that this is very common p...
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Hello everyone! I have questions about how to approach a bank for a loan when trying to buy a house out-of-state. Does anyone have an example of a loan proposal or what should be on it. I am currently making a list of...
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Passive Activity Loss Rules
If you are a real estate investor that doesn’t qualify for REPS status (discussed in #5 below), understanding the Passive Activity Loss rules is crucial. Passive activity losses are those ...
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I became an accidental Landlord when the economy crashed. I have a place that I have rented out three times over the past 6 years. I want better more job stable tenants and Higher rent. Dont we all? So any advice ...
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I need advice on a serious situation involving a property I’m about to buy. A mass shooting occurred tonight on the street next to the street where the property is located, leaving nine people shot and one dead. Polic...
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Hey everyone, I've been BP member for one year. I just haven't took the time to use it to my advantage. I am a pretty new investor. Started out running a property maintenance company taking care of a couple propert...
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I have a potential lease option wholesale deal in the works. This would be my first deal. I have a question about the sales price that the seller is asking for. The seller wants $100K for the property, but the comps d...