Corwin Hernandez
What if I don't account for expenses?
Hello BP, I just love asking questions and getting people's insight. So I have a friend who I try to explain some real estate things and he had a question. Being on Bigger Pockets, I've learned that you put money away...
Mike Alder
My private lender assures me I have unlimited funding for deals
Hello BP Fam,Yesterday I was personally delivering payments to my private lenders. I've always delivered payments to my local lenders in person partially because I'm crazy but I feel it's good business to thank invest...
Allan Mugu
Tax deductible or not
Last year spent about $2000 trying to get real estate business started. Money was spent on what I consider start up costs: direct marketing, INC incorporation, etc. Did not end up doing any deals wholesaling or rental...
Priyanka K.
Year End Tax Question
Hello fellow realtors!I got my license last month and may not have any earning as a realtor this year. I am looking for ideas on how to manage realtor related expenses that i incurred this year!Can I deduct realtor re...
Michelle Verdugo
Anyone heard of NLPC National Lease Purchase Corp?
Hello. I just listed a home I own in Colorado and got a text from someone stating they are with the NLPC and that they offer above asking and he would like to email me info. I'm a skeptic and have never heard of this....
Kyle Holsey
Full time income
Quick question i need some insight , how did you turn your wholesaling business in a constant income? or do you still just hunt for deal after deal like when your first started? if you do have residule income from who...
Harsh Dangaria
tax question on refi
Hi BP family.
Quick question:
Lets say, I paid $100K cash for a property purchased under a LLC. Few months later I refi'ed the property at a slightly higher amount and the bank paid the llc back $120K.
If I use the...
David Weis
Any banks that work with rehabbers?
Down here in the Tampa Bay area, inventory is very low (1.6 months). House prices have risen to the point that even crap homes are going for top dollar. No one is negotiable. Houses are being listed on the MLS and onl...
Heval O.
Buying/Starting a business vs investing in rental properties
Hi Everyone, I've been looking into real estate for a while now and have enough money set aside to get my hands on a remote rental property (properties in my area are insanely expensive). Based on my estimates I'd net...
Raj G.
Private lending, hard money lending, License requirement in NJ
Hi,if I want to lend money to my friends who are investors/flippers. do I need license in NJ?What is difference between private lending and Hard lending?is there any terms and conditions like up to this amount no lice...