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Good evening BP, I recently received my real estate license and currently working part time at Keller Williams Northville/Novi Market Center in Novi,MI. My plan is to eventually go full time and continue to grow my bu...
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When selling a portion of a property to a partner, is it possible to sell the “basis” value portion of my property and not the “capital gain” portion such that I don’t incur capital gains taxes upon sale? When selling...
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Hi All,
I'm an out of state investor looking to start a rental portfolio in the Cleveland area for small multi families (2-8 units). My plan is to mainly focus on cash flowing properties that make the 2% rule. What ...
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Hi BP,We have been leasing apartments in our multi family units for a while now, but have never before seen the possible need to include a lease clause with the Golden Rule in it- treat others as you wish to be treate...
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I am very interested in the new Opportunity Zone introduced to us by Amanda Han, CPA a while back. There's quite a bit of talk online, but not exactly on how to set up the Opportunity Fund and to get it going. There i...
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I'm curious as to how others got started in the paper business. In my case I began buying notes with money that had been saved and previously invested elsewhere. What was your source of start up capital? Did you use s...
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Looking for guidance on the following expenditures made and the application of the $2500 De Minimis Safe Harbor rules.Do either replacement of kitchen cabinets or replacement of flooring with laminate and vinyl fall u...
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three colleagues and myself are going to form a real estate partnership. Our goals are to put money into our partnership on a yearly basis and purchase real estate on a yearly basis. We started looking at mfh. We put ...
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We have a SFH located in the state of Oregon that is utilized as a long-term rental. The home resides within a HOA. The HOA recently stated their intentions via notice that they intend to make the HOA an owner-occupie...
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Hello BP,I am new to the site and have been reading and listening to podcasts for about 2 week. In that time I keep noticing people mentioning thumb rules they use when looking at properties. I have seen things like t...