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I have an opportunity to purchase a 6 unit multifamily, and I would like to buy and hold.PP 130kRenovations est. 50k?ARV est. 250kOne unit is renovated and rented for 700/month.The other 5 need to be rehabbed.Gross r...
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Have a Solo 401k that owns a couple of rental properties. Now rehabbing a new property I intend to flip, but discovered the UBIT tax issue. Several references discuss how holding for over a year avoids UBIT. One refer...
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Hello,I own 100 properties in my own LLC. I have a lot of experience managing long term rentals, flips etc.Two family members of mine have formed an LLC, each putting in an equal amount of cash. The intent is for th...
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Tax season may be a few months away still, but what should you expect if you're a first-time limited partner?
What to Expect: Equity Investors
As an equity investor, you will receive a K-1 from your op...
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Hey BP nation, I have a question and could use some advice. I am an architect, designer and project manager with over 25 years in the business. I have owned rental property, flipped a few house in NJ. I am now current...
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I am in the process of closing on a first property that i bide on last week. I will be paying cash for it. how long i should wait before buying another property? and, i can afford to pay a down payment for another pro...
Hi BP,I wanted to hear your take when it comes to charging tenants for utilities. The property is a single family home which I have turned into a duplex by splitting up the top floor and bottom floor by using a lock o...
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First flip done 4days ago and it listed on mls 7 people came to see the house and no one put in offers what should I do?
I am new to buying tax liens in MD. If you won the tax lien certificate from the auction (with an overbid higher than the actual tax lien amount) and you wanted to foreclose to own the property after the redemption pe...
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Just a moment ago, a topic was posted about whether or not to buy with the "impending recession." And as a newby, it just makes me wonder: if recessions are pretty much counted on in a cycle, are they all as bad as 20...