Dmitriy Fomichenko
Increase W2 wages by the amount of SE health insurance premiums
Looking for a feedback from tax experts on the following scenario:A client is a self-employed (has an LLC taxed as S-corporation). Pays himself reasonable salary of 35% of the business's net profit. Pays health insura...
Christopher Prince-Barry
Can I still rent as two units if utilities aren't split?
I'm buying my first multifamily. It's in Orange NJ. It's a legal 3 family on tax records, but utilities aren't split between 2nd and 3rd floors. That includes, heat, hot water and electricity. Am I still able to rent ...
Kealan Hobelmann
Real Estate Investing to Give It All Away
Hi all, long term reader and podcast listener excited to be officially joining the BP community.
My brother and business partner Cody Hobelmann and I have a little bit of a unique story and goal when it comes to rea...
Emmanuel Jr. Younathan
New Member in Southern CA
Hi BPC, my name is JR and am a mortgage lender. I’ve strayed away from RE investments as I took a big loss in 2008 downturn. Since then I had to overcome some financial issues due to the downturn. As I recovered I foc...
Rameez Balagamwala
2nd unit in the same complex: Lender wants to know the motivation
I bought the current townhouse with an owner-occupied mortgage, and have continuously lived in it for 12+ months. I have now made a deal with a neighbor in the same complex, buying that unit as a residential property ...
Richard Chae
Mold within the house
What’s the best way to tackle a project like mold? Within the walls and vents.
Account Closed
Fill in pool?
hi- I just bought a sfr4/2 in Tempe,az. The goal is to rent itthere for 2 yearsrehab it and then Sell it. The house has a fairly narrow backyard that is basically all patio and pool. The pool pump is shot and the conc...
Allison Ezzi
Sweet DEAL in North Carolina Rehab/Flip (check my numbers PLEASE)
Hi BP!!Looking for some help checking over my numbers for this deal or no deal. This is large higher-end home in foreclosure.Price/offer: 200kSQFt: 4,500p.psqft: $44.5!8 yrs young!Repairs- 100k (with buffer) Has an ea...
Roy Williamson
Is a 50% down payment required to buy 5+ unit properties in AZ and NV?
A friend is looking to purchase a 5 unit or more apartment complex in Arizona or Phoenix. I know in California anything over 4 units is considered commercial property. Does this rule still apply in AZ, NV and other s...
Corey Dutton
How Will Bank Lending Be Affected By New Banking Standards?
Although people will strongly argue that banks should have higher standards imposed for liquidity and leverage, opponents of the Basel III have said that it will put many of the smaller, local banks in the U.S.A. out ...