Ricky Teachey
Advice for a business plan involving renting large portions of primary residence
Hi all, brand new to the forum and to BP. Heard about it a long time ago but got more interested from @Scott Trench's recent appearance on the Money Guy podcast. I have no previous rental business experience, although...
Jon Begley
Can I expense the labor portion of a capital improvement IE: Roof
I am getting ready to have a roof replaced ($8,500) and the estimate list materials and labor separately. I know the roof would be a capital improvement but it got me think that labor isn't a depreciating asset. That ...
Alex Hamilton
Can Attorney take portion of property as Fee in Real Estate Deal
Have a property with a cloud over the title and don't have the funds to hire an attorney to clear the property for development. Want to partner with an attorney that will complete a Declaratory Judgement Petition all...
Michael Leeson
Addressing Racial Disparity in Home Ownership/ Wealth?
What are you doing or seeing that effectively addresses racial disparity in home ownership/ lending/ generational wealth?Hopefully this is a fairly straightforward question about a heavy and complex topic! It's well ...
Hassan Omar
For Jan, Feb and March I'm going to buy some houses; here's how..
Hey folks, happy new year.
The other day I was asked to show a friend all the steps required to find and buy a fixer upper house here in the Atlanta market. Not a hard task, but doing it the right way is. That said ...
Brian Adams
I quit my CPA Job to buy Large Apartment Buildings
I have always been fascinated with real estate.I started in 2000 investing in a couple rental houses.My "AHA" moment came in 2008 to move away from the single rentals and graduate up to large apartment complexes.My ba...
Clayton Hepler
How to structure a deal with seller holding a portion of the note
How do I structure a deal with a lender where the seller holds the mortgage for a portion of the deal? For example, for 4 houses that amount to 400,000 and the owner holds a note for 15% or 60,000? Any recommendations...
Irene Navasca
Average time it takes for HUD to pay their portion of Section 8
Hi everyone,I recently purchased my first investment property in South Bend, Indiana with a Section 8 tenant. I hired a property management team to handle everything since it’s out of state. It has been two months a...
Steve Hungerford
Can I do a 1031 with the capital gains portion of the Sale......
Hello,I have a property with a lot of capital gains that I wanted to use some of the basis portion (basis plus the 250K exclusion) to buy a SFR. If so how do I do that ? Can I use the amount I believe is the capital g...
Nolan Gottlieb
How to divide a property that owner wants to sell a portion of?
I've found a property in Jackson County, GA of about 30 acres. The owner has two houses on the property. The property is like a big triangle with a house in need of repair in the top corner. The triangle shaped proper...