Jim M.
Pricing a Property Correctly
This is not a scientific study of how to price a property correctly this is just a couple properties I have seen come on the market over the past month and how the sales ended up. Homes in desirable neighborhoods sel...
Jonathan Trimboli
Self Managing Rental Properties
I’ve been pondering the idea of self managing my rental properties but starting/running it as a business and making a company out of it vs. using a rental management company someone else owns. Anyone done this? Pros &...
Carlo Con
Schedule E income...what expenses to include/exclude for new loan
I would like to qualify for a new home loan. I spoke to 3 different home loan officers and they have given me different information each time. Here's my scenario.I bought my house in 2016 and started renting it out ...
Walt Payne
Little known 401K fact that could save you big tax $$
I read an article on a financial website a few months ago about this, and filed it away as something that I might be able to use in the future. Yesterday I was talking on the phone with someone from this site who know...
Joe Colasuonno
When Your Debt is Higher Than Your Basis
I have a property I am selling this week. I purchased the property in 2012 for $45k. I put an additional 40k into the deal in capital improvements in 2012 as well. I refinanced the deal for $90k, and currently have...
Sharnice Williams
Mobile Home Investing
Hello, I am new to Real Estate and wanted to connect with people who have closed deals specifically on mobile homes. Anybody who has some great advice for a beginner like me would be greatly appreciated. I really wa...
Shayan Sameer
Questions About Purchasing a Duplex as a rental
Hello BP Team,
I hope all is well!
I have a question about purchasing a duplex and renting it out. This would be my first time purchasing a duplex, and I’m looking into it as a way to expand my portfolio. I’ve found...
Sean Li
IRS Audit Help - Past 3 years 1040
In the past 3 years I've flipped about 1 property per year in addition working my 9-5 job, I just received an audit from IRS saying that I have to pay an excessive amounts in taxes. I'm in need of a professional that ...
Ross Stegall
Active / Passive Partnership Contract
Hi all,
I’m looking at investing with a partner and I had a few questions I was hoping the BP community could help me answer. So, here’s the details:
My partner will be the passive/ equity investor and will be contr...
Shmuel Harris
REO: Are Banks allowed to Fix & Flip?
My question is pretty basic...Are banks allowed to fix and flip?I am trying to figure out how to get my foot in the door. My market (NYC) is pretty competitive and I don't really have too much that I am able to offer ...