David Brooks
So confused and nervous
Hi all, been doing a lot of research into REI and want to get my first investment as fast as possible. I am too nervous to reach out to a realtor to help or make an offer. I am confused as to where/how to find a deal....
Glenn McCrorey
City bans conversions to rental properties
I haven't hear of this before but the city of Cedar Falls Iowa is implementing a six month ban on home owners turning their house into a rental property. The ban can be extended for up to a year. Interesting, seems ...
Jordan Northrup
Raising capital for syndications
I've heard multiple multifamily syndication sources say that if the deal is good enough, the money will find you. Thus, focus on finding a great deal and raising the millions of dollars you need will be easy. Does any...
Marc Izquierdo
Seller won't get heater certification!
Hi everyone,I'm looking for some advice. I have a duplex under contract in Bristol Borough, PA with a closing date scheduled for Nov 21st. Since day 1, the seller and listing agent have been extremely shady and not ...
Brian Garrett
Newby trying his first total house renovation
Hello everyone,I am a newbie to the whole real estate investment world and am looking to move on my first property if possible. I have been reading books and I have been studying everything I can. But due to some issu...
Michael Plaks
Explained: Tax consequences of K-1 syndications
Introduction
This complex topic has been discussed on many BP threads, with persistent misunderstandings and misrepresentations. Many investors fail to grasp the fundamental principle of taxation: you cannot, based o...
Account Closed
Cost Segregation Study
I got a call the other day from a cost segregation firm. He estimates that I can use bonus depreciation to get effectively $900k of depreciation in the first year. This is due to taking advantage of bonus depreciati...
Account Closed
President BUSH "Wall Street got DRUNK"
At a private fund raiser ( Bush was secretly video taped on a cell phone ) Bush JOKES about Wall Street and the housing meltdown. The video is now on the internet.
He really sounds DRUNK him self!
http://news.bbc.co...
Ben S.
New tenants want unit tested for meth drugs
I just purchased a duplex about 3 months ago and recently had the lower tenant move out because I raised rent higher than she could afford. That said the new people moved in and they are demanding that I test the pro...
Keith Belzner
Wholesale contract "outs"
Hello BP friends, I am looking into wholesaling and I am not sure on contract verbiage. Here is an example of my question.I get a property under contract to buy and or assign with a 45 day term to close. I am unable ...