I have a client who is considering investing in an empty lot in Detroit. People are under the impression they will make a fortune holding on to these empty lots, but I am not so sure. There is of course taking into ac...

I sell most of my deals with owner finance or lease options. I know how to drum up buyers for these kinds of deals, but I am tired of it and don't enjoy talking to the crowd in order to find the right buyer. I don't w...

Hi, any best practices for handling all the quarters that come along with coin laundry.so far I’ve been taking them to the bank but they make me count the. By hand and put them in rolls 

It seems that the idea of a self directed IRA is a buzz word in the BP community.  If you use a self directed IRA, would you be willing to share what advantages made you choose that investment vehicle?  I understand t...

Hi.

I have a 1950s SFH property purchased back in 2005 for $178k. Zip code 98310. Population growth, total about 5% during the last 10 years. It has a detached two car garage. Decent sized land. Unfinis...

We normally use current asset accounts to track 'expenses' for our flips - a Construction CIP account, with a sub account for each of purchase, holding, rehab, and selling costs.  We use classes for each property, and...

Hi, I own a rental property...single family residence. I have owned since 2003. I understand when I use an exchange company to facilitate sale/exchange,  when property is sold the first mortgage is paid. I have an equ...

Hello, I am a new member and would like to ask a question. I currently have an investment property in Brooklyn worth 900k with a 300k loan. Rent is $3100 and after expenses I bring in $300 per month although I do pay ...

I'm new to getting loan for my investment property. Recently signed a contract to purchase a duplex in TX. Most of my downpayment is in stocks. My family member gifted me a lump sum of money (because I want to keep se...

Hello, Out of curiosity, if I were to sell my investment property before a year of ownership, is there any additional capital gains tax applied to the already set rate? Also what if you didn’t even make any profit fro...