Ryan Lesley
Tax Changes 2023 (Federal/Colorado)
Hey BP Nation,
This might be stale news to some, but I just wanted to share a few tax changes I have been sharing with my clients and thought was interesting. As the title reveals, they are Federal changes with one ...
Rodney Morris
Selling under land contract while using an agent
A little background:I am a month into trying to sell my first flip. My original thought was to sell it FSBO, but found a multi family on MLS. Our bid was accepted but it was contingent on us selling the flip. We liste...
Rick S.
Tenant Prospect
I have a tenant prospect (family of 4) that need to rent my place out for 8 months because renovating their current home. After the 8 month term, the lease will go month to month until they move out.
During the sc...
Allison T.
Tax re-assessment in Atlantic City
Hi, I am looking into Atlantic City now for multi-family housings.Property tax is so high in the city compared to the current market value of the properties.For any of you who are experienced in this, how easy is it f...
Christian Garcia
Credit
If i start building credit now, will the bank loan me a much higher amount than what i ask for ?
Vanessa Jauregui
Fix + Flip LLC Manager / Member Salary Structure
Hi all. I am forming a manager-managed LLC taxed as an S-Corp for fix and flips with myself as the manager. My family member and I will be investing together in the properties and they will share part of the profit....
Nicholas Crawford
Need help figuring out refinance situation! Please!
The situationHouse is rented for $2,200/month. Property is currently in a bridge loan ($2,200/mo). Rehab took much longer than intended for various reasons numbers quit working as interest rates went up. I'm self empl...
Stephen Chittenden
Thoughts on this Potential Deal
Someone has brought me a potential deal. It's a single-family home that has been renovated into 3 units. Gross rent is $2300 per month. Asking price is $150k with owner financing. Proposed deal:$15k down$135k purc...
Brodie Priestley
Analyze this Mobile Home Park
This deal came up I would have to manage it across country and it will be my first deal. I need to learn about how to manage and operate this park, also I know i will have to negotiate the price a little, but I think ...
Molly Plude
During inspection process
Hello BP family, I need your help. We're in a process of closing our 1st deal on condo. Going through an inspection right now and our inspector tells us the a.c. unit is about to have it and it's the end of its life, ...