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Hows it going BP? I'm currently under contract with my first owner occupied multifamily (house hack), and I'm really looking forward to starting off this REI career. Scheduled to close soon, but I'm still sh...
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Hello BP Canada!
I currently have 12 doors which are personally owned 50/50 by me and my partner. We are thinking of transferring them to a corporation and are doing some research to evaluate the advantages and disad...
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Hi All,I went to a meetup last night on multifamily here in Jacksonville and it was great.One of the questions that came up was the not having too many partners in a deal without syndication, it becomes frowned upon l...
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Does the 10,000$ SALT deduction under the new tax laws include personal property taxes for rental properties or not?Thank you and Merry Christmas
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Can anyone explain what deductions are allowable as a limited partner in a real estate deal vs. actively owning/managing a property? For example, if someone creates an LLC through which they invest in limited partners...
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What would be a recommended formation in Texas to acquire a property through an limited liability entity that will have limited partners contributing funds and a GP as a manager so that GP can maintain max control and...
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Hello all, My wife and I are considering several cities to invest in short term rentals. We are looking at areas where we would also enjoy to take our family yearly. Can you provide some insight on Asheville NC?Is Ash...
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When using a self directed IRA as a down payment on a rental property, I'm understanding that any cash flow can't be touched for personal use (if that's not the case please chime in). What happens then if you wanted t...
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Is it a good idea to form an LLC to buy your first house hack?If so what are the advantages and disadvantages?What are some things that you can write off?Any feedback helps, Thank you BP fam!!