Andrew Duna
The Actual Steps When Purchasing a Property
Hi BP I wanted to make this post in hopes of helping people understand the nitty gritty little details involved in the transaction of a property.
I did a preliminary search to see if there was a post like this but m...
Patrick Britton
need for file taxes for short-lived LLC?
Would I still need to file a return given the following circumstances?1. single-member LLC in Michigan2. formed in October 2019, dissolved in April 20203. no purchases, sales, bank accounts opened/closed, nothing. ...
Jeff George
Bank does not report mortgage, could I get another?
Hi there everyone. I recently completed my first investment deal with in-house financing through my bank. Recently I found out they do not report to the credit bureaus, so my question is in theory could I get another ...
Stacy Tring
Investing in someone's primary residence
Cousin A currently lives in one half of their primary residence and rents out the other half.Cousin B has a rental property they want to get rid of by doing a 1031 exchange.If Cousin B buys 50% of Cousin A's house as ...
Mikey C.
Buying a house at a foreclosure auction
Hello, this is my first post here.
There is a foreclosure auction on a 850 square foot house that's appraised at $330k. The land that the house sits on is 50ft by 300ft. The house on one side is nearly 500k and t...
Ignacio Rosenberg
Multiple homes in a year + credit scores
I’m trying to understand how people are buying multiple units in a year or so, without their credit score crashing. I would assume after your second mortgage in a few months the ability to get another one, even at exo...
Tinia James
Made no profit this year should I still file taxes?
I started dabbling in wholesaling a few months ago,I do not have an LLC. I haven’t made any profit yet and I’m wondering if I should still file taxes for my “business “.
Mason Jeffries
Best Tenant Screening Companies
What is, in your opinion, the best tenant screening company online and why?I looked at options like Cozy and MySmartMove. They seem to require the tenant to create an account basically run their own reports. Is there ...
Jonathan Pflueger
NEW (ish) Santa Cruz County Septic Point of Sale Ordinance - Investment Game Changer
Did you acquire residential or other investment property in Santa Cruz County prior to July 1st, 2023, and are now contemplating selling it? It is essential to familiarize yourself with the new septic system ordinance...
Julio Gonzalez
Cost Segregation FAQ
Engineered cost segregation studies is an area in which many people have a lot of questions about. I thought it might be helpful to address some of the most frequently asked questions that I receive.
WHAT IS A COST ...