Katlynn Teague
Looking to purchase my first House hack in Atlanta, tips?
Good Morning BP!I am in the market to purchase my first house hack here in Atlanta. The first deal I came across was a quad in Norcross, with a purchase price of $700k. The units needed about $20k each to get them up ...
Brian Rodriguez
Recommendation on steps to take for that next level
Im 19 years of age I come from a Hispanic cultural background my highest form of education is high school so far I’ve been building the mindset for around the last year and a half just learnings and watching a Lot of...
Christian Mendonca
Do we qualify for a partial exclusion for capital gains tax?
My wife and I bought a coop in NY at the end of June 2014. She moved to GA for a job November 2015, I joined her at the beginning of April 2016. Staring in March 2016 we began renting our apartment to a friend at a sm...
Spencer Krautkramer
How Much To Increase Rent?
I know this is a controversial topic, but what are people's thoughts? If you inherited tenants with below-market rent, how much is acceptable to raise it if they want to stay? Are there any limits on price increases i...
Maria Lamb
Do I need to send 1099’s?
I purchased a fixer apartment house, unoccupied, in 2020. It will be ready for occupancy in early 2024. My accountant said I didn’t need to issue any 1099s yet because the property is not in service as a rental. This ...
Bryce Carroll
IRS wants me to pay taxes on a SDIRA distributed property's note
Appeal rejected, heading to tax court. 5 figure case.
I distributed a rental property from my SDIRA in 2020 as a cares act withdrawal. There was a mortgage on the property. The irs wants taxes, penalties, and intere...
Kurt K.
AZ Legislation Stops Cities From Banning Short-Term Rentals
This is old news but just came across it. Not sure if its good for the communities but it seems good for the investors.On May 13, 2016, Governor Doug Ducey signed into law SB 1350, which prohibits municipalities from ...
Blake Reynolds
Legal Shield
Has anyone used Legal shield service?I heard about it the other night from another investor and It seems like a no brainer. It is a flat rate service for apx $30/month you get unlimited phone calls with a local top at...
Luke Laczak
Quadplex - needs work - is it a buy?
Hello, first time posting on BP, but have been listening and a frequent purveyor of the site for about a year. My wife and I are new to real estate - bought our first property a month ago (Will post if it is a succes...
Nick Carter
NEED YOUR OPINION!!! Buying condo to flip?
Hello everyone!My name is nick and I am new to this forum but I have come to you for some help. All input is welcome. Here is my background I have been working construction for about 6 years now on and off and have th...