Clint G.
Credit score dropped like a rock after 5th property!
Hey team!I bought 3 properties last year giving me a total of 4 investment properties, plus my personal home. When the bank opened my loan on my 4th investment property, my credit score dropped 90 points. This has NEV...
Mary lou L.
How to structure this? My dad has 5 properties in a trust and I want to buy one
My dad (Love him to pieces) has purchased through buy and hold, and finding properties outright, 5 properties. I am living in one of the properties. It is mortgage free and in a trust. I know that these properties wi...
Rj Sayler
Significant Net Operating Loss effects on Underwriting
If in 2023 I take a large loss on my properties while a renovate them, but they start cash flowing in 2024. Would there be negative impacts from a underwriting perspective?
Spencer Herrick
Escrowed Taxes as Expenses on Rental properties
I'm curious to know and understand whether or not you should still consider Total property tax and Mortgage payment as separate expenses on the "4 square method".... in the case that you are having those taxes escrowe...
Chris Wunder
Starting a New LLC and Tax Implications
I currently own a rental property in the Kansas City metro area and am in the process of transferring the deed to an LLC I have created. I am not sure how this will directly impact my personal taxes but would love to ...
Alexander Pezzutto
What entity should a Canadian set up to invest in the US?
For tax purposes, most people have been telling me an LLC, though I had one attorney say in an email that an LLC is not the best for tax purposes because apparently I would have ot pay Corporate Canadian taxes. Does a...
Mo Farraj
Offset flip gain with Promissory Note - NY
Hi All - Happy Wednesday, I had a quick question on how promissory notes work. I own 2 properties in Long Island, NY with a partner and originally decided to split the profit 50/50. Property 1 is for sale, while prope...
Ricardo A Perez
Do you pay taxes on cash flow ????
Hey BP family ! Any CPA’s out there lol . I am a new investor and I have been taught the formula goes like this Income-expenses = cashflow but, my question is do you pay taxes on that “cashflow” ? If so, how much sh...
Pj Holmes
Nashville area Realtors! New appraised values through the roof!!
I was hoping to get some insight from real estate professionals regarding the following. During the past few years home prices in Nashville have skyrocketed. This year the County Assessor issued new Appraised Values a...
Pamela Kakis
Rental Fee and Recent question
Question? I have great renters , rent is high due to inflation in new rental, but due to inflation , what if rent drops in this market and renters are in a year lease at high rent,, in so fairness to my renters which ...