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I'm seeking clarification on activation of suspended passive losses upon sale of rental property. Let's use the scenario where my suspended PAL exceeds capital gains upon asset disposition. Does the total suspended P...
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Hi BP community, I’m new here and happy that I found this great group of real estate investors. I moved from Southern California to Boca Raton and started to look for good deals in South Florida. Would love to get you...
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I have one rental property and a rather newly formed LLC for the biz. I have some remodel work to do and thought I would open a credit card under the LLC to build some business credit. I have excellent personal credit...
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I sell manufactured homes and I saw a listing of one of my homes with the same pictures, different description and triple the price on CL. I confronted the guy and he seemed to think he was doing me a favor. I got him...
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I'm in the process of purchasing a duplex for "buy and hold" purposes that will cash flow from the start in one of my local markets. I'd like to know if what I'm doing with a local bank to finance the purchase is abo...
Hi BP,I am about to acquire my first project and needed to figure out my exit strategy. I am currently at Buy.Purchase price: $120,000Rehab: $95,000ARV: $280,000For the Rehab portion of BRRRR, I have received bids fro...
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I'm a wholesaler and I've wanted to start making offers on the MLS. My friend is my buyer agent. I have a private money lender in the mix to use as transactional funding so I can close the deal.First offer on an REO I...
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I'm looking for a GC in the Austin Tx area. I moved here 2 months ago and I'm putting together a team to flip at least 3 properties in the next 12 months.
Any suggestions on what to look for in a GC are also welcom...
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Here's a what-would-you-do scenario. There's an ex-manufacturing property near me that is for sale. It sits on 25 acres near a small town of 9000 people. It sits away from other industrial areas, and consists of 14...
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Hi all. I am interested in your pro/con list of whether to become a "salesperson" or not (Real Estate Agent). I have my own thoughts on pros and cons but would love to hear the thoughts of the wise masses. - Are you a...