Terri Suggs
Accounting questions investing in different states
Newbie here and I'm sure I'm overthinking things but I want to set things up properly from the start.
First, what does everyone use? Quickbooks? I do plan on using an accountant, so maybe I don't really need QBs?
I...
Jessica Spillane
Capital Gains and differing investor needs
Hello everyone. Thank you in advance for advice. I have two investors funding a deal with me. One wants quick turnaround and return and the other wants to hold for a year to avoid capital gains. Am I able to flip the ...
Joe R.
HELOC on several different investment properties?
I currently have a HELOC on an investment property I own. I recently purchased another investment property. Will banks/lenders allow me to take another HELOC on the new property?If yes, can I expect a higher rate than...
Remone R.
Austin vs Raleigh what's the differences
I was wondering what market is better for investing at this time Austin or Raleigh? No state income tax in texas, but higher property taxes vs state income tax in NC and any other factors. Looking at both markets to m...
Charles Chiu
umbrella insurance policy across different state?
I just learned about umbrella insurance policy today and read over a few posts on it.Can an umbrella insurance policy covers properties in different states?Thanks
Sean McCluskey
Different interest rate with co-signers?
Hey BP!I have a question: I bought my primary residence in September 2018, and needed to have my parents co-sign on the loan because I didn’t have 2 years of work history in my current industry.I had to switch mortgag...
Account Closed
Different way to structure wholesale deal
Hi all -I have a seller who's not too keen on the idea of wholesaling. I'm about to put his property under contract. The person I'd like to wholesale it to is a friend of mine who I trust. Could my friend and I create...
Kyle Shankin
'Never Split the Difference' Audiobook deal
Ive been listening to some BP podcasts and a few guests have recommended the book 'Never Split the Difference', so I went over to Audible to buy it and the full audio book is apparently on sale for just $3: https://ww...
Kyara S.
Broker vs Agent - what’s the difference?
My current short term goal is to purchase a 2-4 unit multi-family home by next October (about a year). My long term goal is to own 50 units in 5 years, and 100 units in 8.
What is the difference between a broker and ...
Tim Rainey
Passive investing vs IRO Tax difference?
Can someone break it down for me?Lets say passive investing $200k in Multifamily Syndication vs $200k down(the rest financed) on small MF IRO property with 12 units at about $800 per door rent. I know that there are l...