Gerard Mangenot
Tax strategy question
I have an single member LLC newly formed in late 2017. I purchased a property in the LLC name to be flipped in 2017 that will sell in 2018. I have not elected to be treated as an S Corp at this time. Nearly all ren...
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...
Christopher Williams
Tax classification
Hi all. I'm new to real estate investing and from the Philadelphia area. I recently set up my business using legalzoom. The main function of the LLC will be to flip properties. While I do have a minority partner, I wa...
Harry Williams
How much are you profiting flipping homes in Atlanta?
I am purchasing a home and financing the rehab with a partnered developer who manages the entire project. Profits are to be split 50/50. $350,000 purchase price$60,000 rehab price$520,0000 ARV$83,600 total profit befo...
Bradley Jernigan
Advantages of Market Appreciation
Finding a multifamily deal in a growing market is very important because of market appreciation. Market appreciation is where the value of your property increases due to an increase in home prices within the area. So...
David Schwalb
Comping a Mobile Home in New Hampshire
I've recently found a motivated seller of a mobile home in southern New Hampshire. I've listened to the recent mobile home episode on the BP podcast, but because of difficult nature of comping this deal, I'd rather s...
Ronald Cooperman
Reverse 1031 exchange
We are selling a property 2/1/21 for a 70,000 profit. We have under contract several purchases 12/31/20. Can we qualify for a reverse 1031 exchange? We are in New Jersey. What do we have to do?Thanks and merry Chri...
John Underwood
How are you spending on 3rd party software?
How much is your annual spend on 3rd party software and apps?ie: pricing software, listing platforms other than Vrbo and Airbnb, digital guestbooks, integration software, direct booking sites, camera subscriptions, ot...
Nghi Le
How Illegal Additions Can Affect Buyer's Ability to Purchase
Calling out contractors, realtors, and lenders for help on this one...I just purchased a property at auction on Monday. It looked like a deal with its current setup and square footage. However, I didn't even notice ...
Josh Gaddy
Do The Numbers Work?
First of all, I would like to say that I have learned so much in the short period of time that I have been on this forum. It is a great place to learn and connect. So thanks for that.
I have a possible deal that I ...