Has anybody invested in an opportunity zone or can tell me more about it? I’m under contract for a small duplex in an opportunity zone. My understanding is that you can sell assets and defer capital gaines taxes in an...
Hello BP,
I'm planning to build 10+ spec homes in state of Illinois over next a couple of years. The plan is to build and rent and perhaps sell off a few as we go along. I have a partner who lives locally and...
Formed a 3-way LLC partnership in 2018 but no business was conducted. How much should it cost to file and does each partner need to file separately? I received a quote for $600 and this seems outrageous. Also, does an...
Can someone please share experiences of denying qualified applicants? If there are multiple applicants who meet the minimum qualifications, how do we take the preferred one and deny the rest applicants the right way?
Hello BP! I have a situation I'm not sure how to handle. I have a couple renting my sfh. Last fall they were falling being in rent an having to pay late fees. But since December they have been paying on time. I f...
Hello BP members, first of all, want to thank you for the valuable info I get from this forum. I wanted your thoughts on my situation and mainly if I have to put my condo property in a LLC. I'm currently a profession...
I have an appointment tomorrow afternoon with a commercial loan officer and want to be as prepared as possible so as to not shoot myself in the foot.
Here's my situation:
I am in the middle (in underwriting) of buyi...
Hi All, We have been self managing for over 20 years in SFH's, mostly in FL and have been confronted with a number of tenant applicants who have assistance or therapy animals recently. While I am familiar with the AD...
Why should I buy now instead of a little on down the road when prices go down and intrest rates go up? Any insight on this?