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Things are moving quickly for us. I recently joined BP and we closed on our first all cash deal and have a second in the works. The advice from this forum has been invaluable.
We have been (pre) pre-approved by a big...
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I own 6 multi-family properties (3-4 units each) all are positive cash flow, I am wondering what is the better approach ?
1. To allocate income/expense to each property on Sch E (as I have done so far) or
2. To decla...
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My brother and I and our wives are considering buying a house together in the Tempe, AZ area. My wife and I would be living there seasonally, and my brother and his wife would be living there year-round. It will be th...
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Hey BP Community - My employer does not match 401k contributions so I'm considering abandoning the contributions altogether and instead investing in something like the SPY ETF on a regular basis. I'm curious if anyone...
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Hi.
When I do a double Lease option:
In option #1, i lease and option from seller (which are three documents including lease, option, and purchase and sale agreement);
What language in do I put in Option #2 where I ...
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Hey everyone, I've had a lot of people give me great advice in my last post, so I thought I would ask another question... So, a lot of people have been advising me to "learn my market", which is something I definitely...
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Hello All - Making the transition from SFR to multi - family , and have studied some of the syndications and MF investing books/podcasts out there. Really interested in the underwriting process ( Day job used to b...
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I was browsing Auction.com last night and I realized that some of the active online auction homes are not listed on the MLS. Is this common? I was operating under the, apparently mistaken, assumption that if I followe...
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Hello everyone -- this is my first post here on the BP site.My partner and I are looking into purchasing a boarding house and I wanted to see if anyone else would offer their opinion. The home is located among multi-f...
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Hi AllI have a tenant who is self employed and she just started her business, since it is difficult to establish her income, she offers to prepay 3 month in advance for a 1 year lease. So she will put down 1st 3 mo...