I'm super confused as to the pros and cons of each of these entities.  I don't have money of my own to invest with so I am starting out by Wholesaling.  I've taken a class and have been made aware of 3 options I can s...

The past year I have worked with one investor who bank rolled the entire operation and we split the profit. After two homes we decided to create a company and partner 50/50 on everything. We have 100,000 in cash. We a...

We've been looking at some properties for some time now, and I've noticed occasionally that a house will have a second "apartment" on the property that's included with the sale. Often times these are fully furnished w...

Person A bought a house for $200,000, but needed additional credit to purchase. Person B, cosigned (and was on the deed) for said house. Only Person A lived in and made payments on the house (on time every month so th...

Hello – I’m getting started with QuickBooks Pro. Many of my questions I find answered online, but there are some  I can’t find answered anywhere. I'd like to open a discussion about some of the questions I have and h...

If you do some maintenances on your rental property, such as fixing a clogged toilet, replacing a broken door, etc., can you count your own labor as expenses?

Thanks

I am going to invest on my first flip with a small group of 3 other investors (family/friends). I am wondering how i deal with tax ? Say i make 50k in profits. Do i pay the tax on the 50k and then distribute everyones...

Hello BP world!  I have been considering writing an article on this topic for some time, so here goes. Full disclosure: I am an active real estate investor who has performed various flips and I own some rental propert...

Hi BP, 
I wanted to post to make sure I'm understanding the depreciation recapture process using an overly simplified example.  I'm leaving out deductions for closing costs, maintenance, repairs etc.
Say I buy a hou...

Hello! My wife and I are under contract on a second home, and we plan to rent our current house out.  We are excited to start this journey.  We plan on managing the rental ourselves. I am curious if we should start an...