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I am constantly warned about tax penalties due to selling a house you flip. I created an LLC that I'm going to use to invest in and flip houses. I was under the impression that only the money taken out as a draw would...
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I'm looking to invest in my first deal as an LP and upon interviewing GP's each makes their deal sound as if it's the best deal ever. What do you look for when investing as an LP and are there any red flags to watch o...
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Hello everyone,I'm a teacher by trade and small time investor in San Francisco. I've been looking for my next deal in the bay area, and while there have been some that might meet the 1% rule at best, I can't get my mi...
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Hi, I'm looking to do some brainstorming for how to create successful partnerships wherein one person is the "boots on the ground" and the other works "remotely". The main goal is to get a better understanding of how ...
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Hi everyone, first real post here. I'll get around to a proper intro in the appropriate forum and adding some profile info sooner or later.I have a 2-family rental in Boston that has appreciated considerably since we ...
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Hello BP fam!!! I've been working with a mentor and he's tasked my partner and I with doing market research on areas to invest in for multifamily properties. I found a list of top RE markets to invest in through 202...
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Hey BP,I'm thinking of going for a MSRE (Masters in Real Estate), specifically, I'm looking at NYU but I am open to other ideas. I was wondering if anyone has knowledge of that and if its a worthwhile endeavor. I imag...
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I just had an interesting exchange...
I'm both a landlord and a tenant in Florida. While I always give specific advanced notice of entering to my tenants (e.g. I tell them exactly what day and time I will be there), ...
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Hi everyone,Does anyone have experience buying existing businesses? What are some things I should look for? Here are my concerns:- Providing false records of income. The thing about this business I can look in their p...
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My husband and I own a side by side duplex in the suburbs of Wisconsin. We signed new tenants to a lease in July and honestly they've been nothing but trouble since then. They break the blinds then want us to pay for ...