Randy E.
Hello from Durham, NC
I've been lurking around BP for a couple of months now. I've been a real estate investor for four years. I've been involved in rentals for a lot longer.I have two SFR rentals and am looking hard to acquire a third b...
Nate Mac
Flipping- Repairs in 2018 are cost basis for Sale in 2019?
Background: Created LLC partnership in 2018. Purchased a Home to renovate in 2018 and sold it in 2019. Purchase Price: $60,100 In August, 2018Renovations: $30,000Utilities: $ 2,000Property tax: ...
Dan Constantine
Tenant breaking lease due to job loss
My tenant has informed me he needs to break the lease due to job loss. He has 1.5 years left. This property is in DuPage county Illinois. My brother handles the management side so I don’t know what the lease agre...
Nathaniel Hovsepian
When is it good to take a loss?
I have recently come to the conclusion that I need to sell a property that is too much work for me at the moment for a loss. I purchased the home for $26k and put another $6k into it.I took the drywall off to replace ...
David Styles
negotiating short sales...
Okay, I've been trying to educate myself about short sales and right off the bat, I have a question. After getting homeowners to sign an authorization to release information, who am I calling to start negotiating?The ...
Adriana McLaughlin
New investor: I don't want to quit my W2 but want to max investing to offset taxes
I have a W2, but also have a real estate license, though I work very little in actually selling real estate. I just bought my first investment property in Chicago, and have been busy doing minor repairs, furnishing it...
Jason K.
Newbie from Northern CA - 11 years in the making
Hello all, I found BP a few months ago and have been obsessed with the podcast, although not the biggest fan of the falsetto harmonies, jk. Technically, I started real estate investing about 11 years ago in my last ye...
Account Closed
Ohio Forclosure Help...
I am desperately seeking advice...I own two properties, a rental property and my primary residence. I only have one mortgage, which is on my primary residence. Unfortunately, both of my properties are facing foreclo...
Mecca Walker
Newbie from Las Vegas, NV
Mecca Walker, 20 years old, born and raised in Las Vegas, in my 4th year of college with a double major in Economics and Spanish for the Professions. I work part-time on my campus and have some extra income from tutor...
Terry Wood
Multifamily / Apartment Investors - Start small or Big?
Hello BP and Apartment aficionados,I have heard many seasoned investors say start small and grow bigger. I have also heard them say in retrospect they wish they had started from the beginning or at least sooner with 5...