Stan Jackson
What prospecting tools do you carry?
So, what are some of your prospecting tools, equipment and unique items do you carry in your vehicle? I find every day my truck is getting pack more and more with stuff.
For instance:
Standards-
A ladder so I can qu...
Patrice Penda
Looking for a bathroom store with to buy the fixtures I need
I am doing a complete bathroom renovation at one of my properties and I have to buy all the bathroom related items.I have been to Home Depot to see the items but they don’t have many things on display. Most of the stu...
Robert Thibault
Buyer Carry Back 2nd Position
Let me be sure I understand. I have a property where the seller is willing to carry 75% for 10 years. So, is there any reason I wouldn't want to go get a non-conventional rental loan for 80%. Then offer the buyer t...
Michael G
Ultra-basic tax example
Hello friends,
As I get closer to buying my first rental unit, I am thinking more about taxes. I know depreciation can be used to offset rental income. I have a few questions about what the government considers incom...
Paul Smythe
Is a Project Management Fee Standard for Contractors?
I'm working on a deal and a quote from one of my contractors has a project management fee included in there. In the BP community's experience, is that a standard line item for most contractors? I've seen budgets with ...
Brian M.
Note Investor Liability Insurance
Hello everyone,I have an LLC that purchases and holds performing notes. Payments are collected by the note servicer. I'm looking into purchasing liability insurance as a risk mitigation technique for lawsuits caused b...
Andrew Whicker
Credit Score
Hi,This is kind of an embarrassing post, but I need to know how to take care of this and I thought this community would be best.I have a low credit score because I had a medical bill that I didn't know about until we ...
Douglas Harris
My first deal as an investor
Investment Info:
Single-family residence buy & hold investment.
Purchase price: $50,000
Cash invested: $5,000
SF home that cash flows $200 after all expenses
What made you interested in...
Marlon D Nangle
Advice on structuring negotiation with a few variables
Hey folks,In preliminary talks on a small 3 bed 1 bath house near a hospital. House built mid 50s. Has good potential for MTR and LTR as back up. Vendors are a senior couple. House has been updated on main floor and i...
Gagan P.
Depreciation Carryforward vs Standard Deduction
Just had a random question pop up into my head.
Given that the IRS requires depreciation to be taken each year, what if a person's only income is rental income, and the AGI, is below the standard deduction amount. Ca...