Abhijit Joshi
LLC or Nah?
Hello Members,My friend and I are both first time investors and will be investing in real estate within the next six months. We have been researching whether or not to create an LLC. We haven't had too much success in...
Diana Gay
Quickbooks Chart of Accounts and Item List
I'm new to flipping houses. Anyone have a Chart of Accounts and Items List they could share that would be helpful in setting up QuickBooks?
Cha Yang
Flip, refi, lease option, then 1031 exchange
Hello BP,I did some research and couldn't find if this has been tried before. I have my first flip under contract but I wanted to run this strategy (I thought of last night) by the BP community to see if anyone has tr...
Spencer Krautkramer
House Hack Refinance
I'm looking into getting my first house hack and determining how much I should buy down my rate (and when the break-even time period is). I know I will need to live in the property for at least a year and I don't see ...
Austin Deardorff
TICs (Tenants in Common)
Hello Everyone,For the topic at hand - I recently learned about Tenants in Common (TICs) as a real estate investment option. Although I am not currently pursuing one, as I understand they can be fairly pricey, I was w...
Peter Morgan
Does occasional centipede requires calling an exterminator?
I have a new tenant who moved in only last week and I have been finding them extremely finicky over little things. The tenant has access to backyard (not in lease but offered as a freebie) it's in decent shape with ...
Lisa G.
Mid Term Rental Lease & Supplies
Hi,I'm doing my first mid-term rental lease. The property has been a SRT for the past year so is fully furnished. Learning that this is a very different animal! First question, any suggestions of what to put in the le...
David Denney
Need help- partnership flips end game- 1031 possible?!
Hello, quick background- I have been buying and flipping raw farmland/ recreational farms for about 5 years. I'm on My 3rd soon to be 4th farm. I have grown my equity very quickly. Problem:Currently I own 1/3 equity a...
Jeremy Mangen
Help! Roaches! What would you do?
Just bought my first duplex, walked into it and noticed a crack in the molding on s countertop in the kitchen. I pulled up the counter top and it popped right off and several roaches crawled out. Ew.
This is the only...
Andrew A.
Tax strategies for selling a primary residence
Hi there,I'm brand new to real estate sales, but have been asked by an in-law for advice on selling her home (for better or worse!). We will definitely eventually engage a professional, but I wanted to check with you ...