So I've heard wholesaling is treated like earned income for taxes. So whats the best method to keep records in order to be prepared (separate accounts) for next tax year? Is it any tricks to do to have this money trea...

Hello,
Below is the proposed return for a syndication.  The first chart shows the estimated return on a 100k investment where 100k becomes 193k
A couple of questions:
1. If a limited partner is in a tax bracket (ea...

Hi BP, I currently have Traditional IRA funds that are invested in stocks, but lately I have educated myself about going the self-directed IRA route.  I met with a self-directed IRA custodian yesterday.  However, give...

Hi BP

I am running through some scenarios for a first rental property which will be out of state using a PM.

The scenarios range from a couple hundred cash flow positive per month to a break even per month. I have ...

Labor: 180-hours (15hrs/wk, $80K median household income) = ($7,200)
Labor includes reading BP(education), looking at properties, going to REI association meeting’s, talking to banks, agents, internet research(home...

I am a new investor currently with one rental in South Dakota. I am looking at a multi-family unit in Minnesota and was wondering if there was any differences between South Dakota and Minnesota? Also if there are any ...

When putting together our first multifamily deal, we built in a cash reserve to be used over a five-year hold for such things like capital improvements and unit upgrades. We don't anticipate using all this money in ye...

I've talked about Palm Beach County being one of the first counties to eliminate the use of multiple sub accounts in their auctions, I speculated that it would be great to level the playing field in terms of ind...

Has anyone pulled their 401k out (not borrowed) to purchase an investment property? After paying the taxes and penalty, we’re the returns still better or worse than leaving in a 401k? This seems to be dependent on a...

I'm guessing not good? Does 60k W2 income look a lot different than 60k 1099 income?I'd like to be eventually self employed, but real estate is my primary goal in life. I'm willing to stay at my job if banks hate self...