Brian Bohrer
Looking to close my first Owner-Financed Deal - Need Resources
Hello BP Family!I am hoping someone can give me a little direction. I am looking to purchase my first owner-financed deal back in my home town in Nebraska. The current investor owns the property free-and-clear and I...
Phillip Rosin
Lending options for my situation please. 2022 tax extension + house needs renovation.
I have a house under contract. 245K purchase with ARV 425K. Rehab will be around 50K. It flooded and is currently in the post flood state. A portion of drywall, flooring and cabinets have been removed but there is no ...
Jeremy Medina
Tax Pro Advice
Hi there BP family!
Looking for some advice. Towards the end of last year I used the BP tax pro finder and began working with a tax pro in January to file 2023 taxes and go over tax strategy. I’m just starting my RE ...
Kenny Simpson
BIG NEWS!! 1031 has been extended to October 16, 2023 in California, READ BELOW!!
The recently released update extension not only delays the tax filing deadline to October 16, 2023, it could also extend your 1031 Exchange deadlines until October 16, 2023 as well!
For example: Typically, if you wer...
Justin Brin
What are the best tool to estimate flip material cost?
What are the best tool to estimate a flip materials cost?What are the best ways to estimate the material only cost not including labor?
Joe S.
Appraiser ask what we purchase property for.
Appraiser ask what we purchase property for. So I get a text from a guy doing the appraisal on a property that we done an extensive rehab on and we are getting ready to refinance it. He wanted to know the exact date a...
Deborah R.
Is Bonus Depreciation Worth the Audit Risk?
For 2022, my husband met Real Estate Professional status. I am a high income W2 earner. We filed an extension for 2022 taxes and are just finalizing them now. Our CPA says that if I cost segregate and bonus depreci...
Varun Kalyan
Property in OH, best way to set up llc/bank to keep track of expenses/taxes?
I am closing a property in Cleveland Ohio, Live in Maryland. I had opened an LLC & business bank account for in instate deal, I didn't go through it but now found a better option in Cleveland.What is my next best ...
Nicholas Glatter
Taxes & Rental Income what to report?
Hey everyone.I’ve been reporting my rental income for the past year now so no issue there.But, my mortgage is 2700 and the rent charged to the tenant is 3250. Do I report the entire amount $3250 as income or just the ...
Tariq B.
Umbrella Policy...How much are you paying?
Just received a quote for an Umbrella policy, and after doing so became curious how much other investors and spending on theirs. So If you don't mind me asking what are you paying and does it give you piece of mind?