Hey Everyone!Came across something very odd recently. I recently had a client in negotiations with a seller on a pretty solid deal. Won't go into the details but great cash flow. He brought this to another investor fo...

How do I create a Land Trust in the state of California. I believe there is no registration for it and I will need to assign a Trustee and place my SCorp as the beneficiary? Is there a standard document for this? Or c...

For those who manage 3+ flips at a time, I'm curious what bookkeeping software you use and how you keep all the expenses properly matched to each property. I use QBO for my corp books and Stessa for my rental portfoli...

Hi Friends,I Was doing some research for a Client of Mine Regarding one of his tenants and specifically his liability as owner of that house. His Tenant is a Section 8 Renter and the Tenants have a Barking Pit-bull in...

Hello BP Community,

I just wanted to make the official introduction, and say how excited I am to have discovered this website. I've read lots of the guides, and blog posts, and forums, and I can't seem to get enough...

From my research, I understood that my rental property paper losses could offset my W2 income/capital gains if: (1) my AGI is under $150k, (2) the property is a short-term rental, or (3) I have a Real Estate Professio...

Hello everyone
I am a new investor living in the middle Georgia area. My wife and I are interested in wholesale and subject to. We have recently entered into serious talk with a couple who is open to the sub...

Hi BP,

I am curious if there are any investors out there doing spec builds in Western WA State (specifically Snohomish County) that wouldn't mind sharing some advice? Is this a good time to get into it? What ...

I want to house hack a quadplex preferably using an FHA 3% down residential loan . However, this would leave me personally liable for lawsuits without using an LLC (which I have). What is the best strategy in this sit...

Hi there friends.

I've purchased my first property late last year.
My only income was months rent Dec.
So. My question is. Can I deduct my loses from my W-2. My loses would be rehabbing, utilities , etc.
About $...