Melissa Stanley
Starting with a Friend (LLC?)
I’m hoping to purchase a few properties with a friend/business partner but after meeting with a lawyer am even more confused. Any advice on what setup is easiest and most tax advantaged?I’m a high income W2 earner get...
Chris B.
Seeking comments on possible improvements for this property.
I'd appreciate the BP group's feedback on what I can do to increase monthly rent value or at least increase applicant interest in this SFH LTR property. Current tenant's lease ends at the end of June and I'll need to...
Chris Marette
Cash Out Refi Lower Than Expected
Hi Everyone,I need some guidance or tips or any ideas in regards to an appraisal that did not come in as expected during a cash out refi. I have done several in the past and most I have been satisfied with the outcome...
Account Closed
In a drought--to sod or not to sod?
Looking for suggestions from others rehabbing properties in Southern California and dealing with landscaping choices in light of the ongoing drought:I have an upcoming flip in San Diego in a neighborhood with a lot of...
Lance Dutson
Really really really low appraisal
Hi all - First post here, but wanted to thank everyone for all the great advice in these forums.I'm looking at purchasing a lakefront property in rural Maine. We've worked through the process for months and now, about...
Michael Plaks
EXPLAINED: IRS audit "insurance" - no more fear of an audit?
This is a follow-up to my recent post about IRA audit myths. In this long sequel, I will discuss hiring audit and "IRS audit insurance."
1. DIY IRS audits.
Can you defend yourself against an IRS audit without hired ...
Alex Alaniz
Selling property contingent on Appraisal
Just listed my house and listed it for $140,000. Going into it i was worried it may not appraise for that so I listed it a little high. I have an offer on the table for 145,000 contingent on the appraisal. How can ...
Christine Smith
First Out of State Investment - All Cash Purchase in the Midwest - Good Strategy?
Hi all!
My husband and I are looking to buy our first ever real estate investment out of state (we live and rent in NYC. we do not want to buy here due to high cost of properties and high tax rates). I'm looking for ...
Antonio Evans
BP COMMUNITY IS HARSH but I LOVE IT! HERE IS WHY?
The BP community gave me advice on not getting started in real estate right now and focus on a job and save some capital and travel a little while making as little liabilities as possible. I didn't want to share my ac...
Edward Craig
finding a retirement home
I am in my early 50's and considering the possibility of buying a small residence for retirement purposes probably somewhere in the southeast. What type of housing to buy is somewhat up in the air--the idea of a cond...