Starr Ango
What should I ask the seller when analyzing the property?
I am looking for my first deal ( leasing option) and I would like to know when questioning the seller about the property what else should I ask besides the common question such as what are the insurance fee, taxes, el...
Simon Smith
Sunny Isle Condo - Help Needed
Hi All,Currently living in NYC, looking to purchase a beach front condo in sunny isle. Looking to use it as a getaway from the city, maybe spend 2-3 weeks every 2 months there. Ideally would like to SRT when i'm not t...
Will F.
California Residents Owning Out of State Property (Florida)
So, I've read that if you are in California and own real estate in another state, you must register the LLC in California still ($800/year). I want to buy in Florida. Would that mean I'd have to pay LLC fees/register...
Nadiya Lonkevych
Could negative cash flow be deducted?
Hi everyone,I am about to become an investor renting out the condo I currently live in (Columbia/Ellicott City, MD area) and purchasing another house for my family. The condo was purchased in 2006 at it's highest ever...
Daniel Hinojosa
Critique my analyses of This multi family
I am practicing my ability to find and analyze local multi families in the Detroit area. I would appreciate input on this property and my analysis of the investment . Thanks ,Dan https://www.redfin.com/MI/Hamtramck/11...
Tom B
Deed Titling Question
Is it possible for an individual person to be added to a deed that is currently titled to two trusts?
Ben Jacobs
Residential Parking Rent & WI 5% Sales Tax
Landlords differ in "opinion" and "assumption" regarding parking fee WI sales use tax of 5%. The WI tax law is not very clear as the DOR says:Sales tax is imposed on retailers who make taxable retail sales, licenses,...
Don Darnell
Adding Capitalize Carrying Costs text to 1040X cost $2000…
Hi, I own an unimproved lot and capitalize HOA fees and property taxes every year to increase the property basis by amending my taxes and adding something like the following “magic” text as required by the IRS:
“For ...
Diego A.
I need some help/guidance on a FSBO Multi-Family deal
Hey everybody! This is my first post outside the "New Member Introduction area" but I have several question for a deal I am trying to set up. This deal is the reason I stumble onto BP, so the research already paid up!...
Edward Jette
Seller Financing, creative financing, no to low money down
I am currently looking at a four plex. I would like to purchase using Seller financing. The Property is paid off, from the numbers it will cash flow well. Never structured a deal using seller financing not sure how th...