Hey  So I have been in negotiations on a foreclosure property. The property needs about 10k in repairs in the property. The price they are asking for I believe in my opinion is the ARV price. The Bank is offering a se...

Hey BP family!I’m checking out a condo this weekend and here’s the quick overview.1- How’s this deal look, anything jump out?Owner financed 2/2 condo78k asking price15% down: $11,70015 year repayment4.71% interest $51...

I recently formed a new LLC that will be involved in buy/sell, and buy/hold transactions. I read around online that stated I should go ahead and file form 2553 to be taxed as an S-Corp. I called a CPA for advice on it...

Hello, I close on a property on OCT 15th... I have a sizable chunk of cash to place for my 1031 exchange. Looking to partner with someone on a multifamily project or invest in a syndicate if they provide a TIC structu...

Did anyone own any fourplexes (or other multifamily) during the last housing crash in Seattle? If so, would you mind sharing your insights on how it performed during the crash? Did the property value dip X%? Were you ...

Question: Is it best to classify these expenses as education or consultation in order to avoid later IRS scrutiny?On the advice of this site I joined my local REIA. Unfortunately I didn't heed all the warnings. Went t...

I have several Rental Properties owned by my wife and I, we manage by ourselves, so we have positive Rental Income on Schedule E. but negative Income on Schedule C, can I put $3000 Property Management Fees as expense ...

I'd like to claim a home office deduction (I've reviewed the details and I'm eligible).  It's my first year with a rental property, and I did not have a profit (on paper), so I know that the deduction and depreciation...

Hey BPI'm thinking of making my first offer on a triplex and I was hoping to get a quick sanity check and some advise about an interesting aspect of this property. I'll start with that.One of the tenants is a convenie...

I know this question has been asked a million times but I'm looking to be a little more state specific.  I've noticed most multi family properties in my area (bridgewater, west bridgewater, easton..) are owed by a tru...