Carter Fiorita
Columbus, Ohio - starting out
Hey BP. I'm a recent-ish graduate of Ohio State living and working full time in Columbus, OH (LOB asset management, asset based lending).
I'm looking for concrete avenues to expand my real estate knowledge (processe...
Keith A.
Private lender mortgage structure
I purchased a property cash and was going to a cash out refi and a friend offered to act as a private lender. Currently the property is in my name and I was going to deed it over to an LLC.
Are there any issues if...
Kezia Edmonson
How to offset income from other rentals (in diff states) by buying new property?
Looking to buy another rental and do a cost segregation to boost tax deductions to offset income from other rentals. Question is, I have these 2 rentals in different states. Do I need to buy the new (3rd) rental in th...
Christopher Davis
Distinctions among RE licenses
For the purposes of rental property management, a "broker's license" is required in the state of Tennessee.Question: Is a "broker affiliate" (or "...Associate" I think is the term in other states) license the same as ...
Colin Carr
Noob from Denver
In January I ended up getting uber lucky and snagged a remodeled duplex and am currently house hacking. This is my first real estate deal, but I'm loving the low cost of living because my renters pay ~70% of my mortga...
Michael Martorella
What type of bank account do you use? (buy and hold cash flow)
Curious what types of bank accounts you all use to hold your rental income and security deposits.Some context: I'm new here and am modeling out potential deals using IRR as one of my main signals. However, IRR assumes...
Krista Tanji
In need of a CPA ASAP
I'm needing a CPA ASAP, my single member LLC was formed in New Mexico, but I live in California. I don't do deals through the LLC in California. My deals are mainly in Texas. My question is where should I look for a ...
Edwin De leon
Short sale / Wholesale contract questions
I am in new york and trying to put a short sale contract together.
1) What is the purpose of the option contact in a quick easy explanation and should it be included in all contracts
2) what are the main things that...
Dean Velodota
Taxes and house hacking with income
Multi-family owner-occupied home—I live in the bottom apartment. Partner and I have an LLC and, to be fair, since we both purchased the home 50/50, I’m paying “rent” each month to the LLC. We can now only deduct the...
Lorenzo Harkins
Profit Sharing- How to Keep your lender proected
Does anyone have any contracts or have any guidelines they go by when profit sharing with a new private lender? I have a meeting with a private lender and we wanted to go over some other ways we could be funding Fix/F...