Brad Henson
First deal fell through - what expenses can I deduct from taxes?
Hi All,I was under contract for my first property, but it ended up not appraising, so we backed out. This property was located in Michigan (I'm in CA). I spent $525 on the inspector. In addition, I spent $400 on a fli...
Jules Dominguez
Raising Capital for a Probate Auction for a Great Property
Hey guys,I'm sure people ask this question all the time but I recently found out about a probate auction in the Los Angeles area on a really great property! This property is a really good find in a great area and I re...
Jeff Pruitt
Starting Out on my Real Estate Investing Journey
Hello Everyone.
I am 45 yrs old and just starting out as a real estate investor in Louisiana. I have a 5yr plan to acquire a total of 10 properties that will supplement my retirement in about 10 yrs with passive inc...
Eric George
New Agent Seeking Knowledge
Good Evening BP community. I've been reading through as many posts as I can this year and thought it was time to join. I recently got my real estate license just 3 weeks ago and will be starting my brokerage training ...
Robert Eaddy
Invest with Pension payout or leave it
Good Day all. I'm in late 30's and have been investing since 2008. I have built a portfolio of about 7 rentals over time. I live in Charlotte NC and my salary from the rat race exceeds the median household income for ...
Brian Springfield
Requiring renters insurance
I’m a “small time” landlord with SFHs.
Up to now I have not been actively requiring renters insurance in my leases.
I once had tenants with a large dog, and in that case I put a clause in the lease stating that the...
Joanna Espinosa
Vacation Home Rental
Hi, I don't own any property but looking to purchase a vacation home in the mountains but airbnb it when Im not using it? Can I purchase it as a vacation home or 2nd home without a primary home using a FHA/ Convention...
Account Closed
Turn Key Type 1 vs Turn Key Type 2 - Be sure you know the Diff
There are a lot of people asking questions about Turnkey recently because acquisition costs are so high in CA IL NY WA OR and parts of TX. The key to making money by buying a Turnkey is knowing your costs and knowing ...
Rob K.
Development issues with Self Directed Roth IRA property
I am interested in some input from some of the Self-Directed IRA folks on an opportunity I may have.I currently own in my self-directed Roth IRA a free and clear triplex and an adjacent commercial lot well located on ...
Chris Pena
Sell my primary home to buy a 7 unit multi
OK so I have about $400k in equity in my primary residence, I own 3 other investment properties (financed) and buying 4th this week. I am interested in buying a 7 unit multi but, I don't have the capital to get it un...