Arif Siddiqi
Best strategy to be an RE professional
A question that may have been come up many times before but I will ask it anyway, what’s the best strategy to be considered as RE professional for tax purposes while maintaining a full time W2 income. Just to provide ...
Clarence Bell
What’s More Important: The Market vs. A Good Deal?
Hey BP Community!I want to hold a valid discussion; “What is more important choosing a market with high potential or just finding a good deal?There’s a lot of research that goes into identifying a market with potenti...
Omri Avital
JV Structure For Rental Property
Would love to hear your suggestions about JV/partnership strucrure - I don't have enough equity to buy more properties to myself.I want to find an equity partner that will bring up the cash, and I will be responsible ...
Steven Rogers
LLC Partnerships - what's registered to the LLC vs individual?
HI All,I'm looking into setting up a 50/50 partnership with my partner. One thing I'm not too certain of, is what exactly should be done under the LLC name, vs the individual names?For example, it seems as though the ...
Lisha Xie
Who has to turn the utility on in foreclosure house for appraisal?
Hi I'm new in this forum and this is my first purchase of foreclosure. The house under contract doesn't have gas connected. Is it the seller/bank or my responsibility to turn the gas on for appraisal purpose? I tried ...
Marlene Romer
Partnerships
Hello,I would like advice regarding a BRRR strategy business partnership and how others may (or would) structure. An LLC was formed with 2 partners with 50/50 ownership. One partner loaned the LLC the start up cash - ...
Zane O.
Announcement Letter Feedbakc
We are getting ready to send out an announcement letter as part of our marketing plan, and I would love to get your feedback on the content:"Dear family and friends,I’m excited to let you know, in May, I took a new po...
Raymond Lawton
2nd Owner Occupied 4-Family Lending
About a year ago I bought my first four family with an owner occupied loan. I would like to buy another four family soon with a fixed rate 30 year loan, but was informed I could only buy up to a three with an owner o...
Kyle Hipp
Advice on buying a property with my LLC to flip
Hi BP nation.
I am set to purchase a property to flip. I will be getting purchase funds from an investor and will pay for rehab and remodel costs from my personal cash. So it will be a cash purchase. My question is on...
Mike Sola
Wholesale deal with Seller financing
I am new to wholesaling and I have a potential deal where the seller would be able to seller finance it. I talked with a closing attorney and he said he would not do the closing because setting up the seller financing...