We are completing a 1031 exchange. First property in CA, 2nd in Houston, TX. Some friends say they have completed 1031 exchanges on their own and all you need is 'keep a paper trail of transactions'.However, given t...
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Hello Fellow BPers,This might be a basic question, for pre approval of a mortgage, does the mortgage broker need the following information?Last 2 years federal tax returns all pages and W-2sLast 2 paystubs covering ...
This is really two questions.1. How to best track costs of a project and compare with budget (what process/software do you use). I think Quickbooks calls this "job costing":I get a bunch of receipts then need to someh...
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I recently registered a single member LLC in Kansas. I got an EIN from the IRS. I opened a business checking account. I have the first property under contract. The title company is asking for an operating agreement. I...
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View report I wanted to share this as an option for those investors struggling to find positive cashflow due to increased mortgage rates and sale prices. This is fair market rent for Section 8, with a minimum 1 years ...
Seed Capital is important for my first investment. I just discovered SeedCapital.com, seems like a great company. Can anyone share advice on how I can get Seed Capital to invest in the Ukraine or work with SeedCapital...
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We have had a HECK of a ride getting financing for our 4th Vacation Rental, but are finally getting ready to close. We are using a conventional 15 yr investment loan through TD Bank. They want to see our 30% downpayme...
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I was doing my 2019 taxes, and my accountant says that the added value of my condo investment cannot be depreciated. Say What? I bought November 2018 for $215k and rehabbed. Been renting very well for short term occ...
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Howdy Guys!
This is my first real post, and i'm completely new to all this. My apologies if this question reveals i'm a moron, I assure you I have no idea what i'm doing. This has probably been asked before but I cou...
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Officially completed the ROBS plan and waiting on transferring funds. I was wondering has anyone else utilized this method and what was the best use of the ROBS funds? Is real estate flipping, holding real estate or...