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Hi All! Super new to real estate and thought this would be a great first step to join BP! I would love for someone to provide me with more information on getting started as I'm somewhat lost on how the order is to do ...
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In the midst of leaving my family business and selling the majority of my equity to launch into the RE world. Bought my primary residence in 2019 and been practicing the BRRRR method (more or less, currently in the pr...
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Here’s the answer:
To qualify as a Real Estate Professional (RE Pro) in 2024, you need to meet certain criteria set forth by the IRS.
Here are some of the key requirements:
1. Material Participation in a Real Est...
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Hello Everyone, Doing a lot of deal analysis for practice. Cranking out a few a night. Getting close to my first deal. Came across this 6 unit multifamily (all 2 bed, 1 bath) in a B class neighborhood. Its in a nice a...
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How do I make this work? 4-unit apartment complex$1.8 million purchase price$9,000 combined monthly rent (very close to market rate, minimal value-add through rent increases)$40,000 operating expenses (taxes, insuranc...
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I have a property that was supposed to close on July 30th. The lender/underwriter keep coming up with last minute things they need and have delayed closing twice. They have had this in escrow for almost 6 weeks now. T...
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I have a signed contract which is set to close on Friday the 14th, however, my lender fell through. Is there anywhere I can find a hard money lender or private lender that would be able to close by then?
I’m active duty currently serving overseas and will be done with my contract in mid 2024. I own a townhome in in Colorado Springs and have enjoyed great appreciation and reasonable cash flow since last year. Once fini...
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In the world of property management, the question of whether landlords should approve tenants to perform maintenance on rental properties is a common and multifaceted dilemma that requires careful consideration. This ...
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Hello BP,
I am no longer managing this building as I passed it off to a PM. However, I became aware of a situation the other day and I'd like to get your take on it. The situation is that two friends rented the unit,...