Michinori Kaneko
1231 Loss and 1031 Gains
Hi BP Team,Hoping there is a tax professional out there that can address my question. I recently realized a significant 1231 loss. I understand there is a 5 year carry over on this so if i realize any gains those ga...
Kurt Pourbaix
Tax treatment - Lending for a fix and flip
We partner with a guy who does fix and flips. He buys the house and does the rehab. We loan him the money both to buy the house and do the rehab and we share in the profits when it sells. We don't charge interest p...
Hamp Lee III
Maximum Number of Joint Venture Partners
If you form a joint venture, what should be the maximum number of people you partner with, as far as investors?
What have you seen that works..or doesn’t work?
Dennis Guzman
Land leases in Orange County CA? should I steer clear?
AsThanks in advancerch to find my perfect first deal I've come across some townhomes in orange county. The mortgage and the hoa can be covered by a renter, and it would cash flow. It's the first time I've ever seen...
Antonio Cucciniello
Multiple LLCs, Multiple Properties, Multiple Bank Accounts?
Hey All! So I have bought my first 3 properties in the last year all with partnerships and different loan structures. I am looking for help making sure everything is in line and I have gotten the process down so I can...
AJ Nemeth
What's best investment for $1m
Open this discussion as I'd like to get some fresh ideas on how to invest $1m. Is it to BRRR single family? Buy apart complex and value add? What would you do? Provide what you think the ROI would be in your propose...
Christopher Manganello
Contract For Private $$
Hello BP!! Does anyone have any good advice for writing up a contract to borrow private money?? Should we meet with a lawyer or who would be a good resource to do this, we are looking for someone to write a contrac...
Jeff Clark
New Investors from Silicon Valley
Hi all! My name is Jeff Clark and I was born and raised in Los Gatos, a suburb of San Jose in the Silicon Valley. After graduating from college I moved back home to work full time at my church as a youth pastor. Throu...
Nicholas Mangiafico
Vacant Duplex or Below Market Triplex
Hi all,I have two properties I am looking at as my first investments. One is a completely vacant 2 family in a great location, where I can set the rents at market value as soon as possible. The other is a 3 family in ...
Brett Fredrickson
Condo unit (rent or sell)
Here is a scenario that I am looking at:
1bd + Loft, 1ba 800 sqft, condo in a 12 unit, 3 level building.
It is an REO, listed @ $61,900. Needs about $5200 in repairs. Comps come in at about the $75,000 to $90,000 r...