Mitchell Johnson
Can I buy my parents property for only a few dollars?
Hi, I’m a new investor trying to start brrr’ing my first property. Problem is, I don’t have it yet; my parents do. They bought a house and fixed it up but decided renting isn’t for them. I told them I would buy it fro...
Jeremy Karja
Can I still write off some expenses for last year w/out LLC ?
Hi BP,Quick tax question. I am setting up my LLC this year but I have some RE expenses from last year? With other businesses in the past I still wrote those off I thought without an official business set up but I may...
Adem Tahiri
Depreciation on tax returns (rental property)
I sold a rental property this year and have to account for depreciation I took in prior years. Which form of my prior years tax returns would have the correct amount that I should account for recapturing now that the ...
Account Closed
States with the Lowest Property Taxes as written by Kislay Shah CPA
When looking to purchase a home, there are many details to take into consideration. Many people look at the location, features of the home, and, most importantly, the price. While the initial purchase is important, ma...
Michael Belfiore
Setup for first real estate deal!!!
Hey everyone, first time posting on and appreciate the feedback ahead of time. A couple quick questions from someone new to the game1- LLC formation - whats the best way to setup my LLC situation with my partner? Fro...
Etienne Ma
How much cash should I have left over after the deposit
I am looking into buying my first property in the Toronto area. I am very close to saving up all the required funds for the down payment, land transfer tax, etc..I was wondering how much cash would be recommended to h...
Titus Amerson
Business credit, lines of credit, and loans- Rental Properties
Hello, I’m brand new- Just finished The book on investing in real estate with no money down by brandon turner and now i’m reading the real estate game by William Poorvu and i have a few more in the line up afterwards....
Mike Neubauer
Where to put cash in between purchases?
Hey guys, I'm not a big fan of letting cash sit in the bank. I'd prefer to have it invested in real estate. However, when we are in between purchases or as cash starts to accumulate, we normally let the cash just si...
Ali Mol
Question about Treating the Credit in a Lease-to-Own Agreement
We signed a lease-to-own contract for 60 months. At the end of the term, we are obligated to provide a $100,000 credit at closing toward the purchase price for the buyer/tenant. This credit amounts to $1,666 per month...
Jack B.
How would you turn 2 million in equity into cash flow?
So I'm sitting on about 1.4 mil in equity right now. Projected to be nearly 3 mil in five more years. But let's say I have some hardships along the way so I conservatively figure I'll have 2 mil. I could retire with m...