I have a quick question about the general rule of a possible tenant having an income of 3x's the rent. Does this rule change any depending on number of kids? If rent is 1000, then an income of 3000 seems fine f...

Hi everyone,I have a couple questions regarding the Ohio salesperson licensing: First, I understand that an applicant must be sponsored by a broker. Does this mean I am required or expected to work under that broker i...

Hello everyone! This is my first post to the community :) My mom and I have purchased our first rental property in North Myrtle Beach, SC. From the start, I want to ensure we are correctly setup legally and financiall...

I was reading about and researching this over and over again, books, IRS pubs, here, elsewhere. I cannot get a conclusive answer even in forums with seasoned CPAs debating this topic.

That much is clear:
- If you hav...

Hi,

I have found a motivated seller of a 8-unit apartment building. I am looking to wholesale it if we can come to terms. She told me the rents but she hasn't told me the expenses because she couldn't remember. She ...

Hi everyone, I am interested in tax planning strategy to lower my W2 tax liability and create investment opportunity through the use of creative tax strategy. Can someone offer me some suggestions?We can work with the...

Hey BP!I'm looking at buying a SF Hud Foreclosure House. The Property is on city water supply, and has a private septic system. Utilities are off. Is there anyway for me to test the septic system for the house before ...

Are there any good resources online to be able to get an idea of average monthly/yearly expenses like utilities, etc. for a given zip or city?

Good day all!I recently bought a 4-plex as my first investment property and am having some issues with the lender.The first issue was that the lender surprised me on the HUD by collecting 3 months advance taxes+insura...

You’re a player no matter what your situation is…you’re in the Real Estate game. It’s just a matter of what position you play. This is a philosophy I heard first on the BP Podcasts featuring Bryce Stewart. His episode...