Bobby Andrews
REPS for self employed
I understand the qualification criteria for REPS but have a slightly unique situation that I haven't found any answers for by searching...99% of my income is from my insurance agency that I solely own. Due to the leve...
Jordan Vires
25% expenses on Multi Family
Do any multi families actually operate with only 25% expenses in relation to gross rents. I made an offer on a multifamily property and used 50% rule as a guideline. The realtor's response was.....
" Vacancy ...
Aashrit Luthra
Negative Cash Flow Impact on W2 Income Taxes
Hi all. I'm looking to buy a new construction home in CA for $750,000 as an investment property (around 8% interest rate) with 20% down. The rent I can expect is $3200. This would surely put me in negative cash flow o...
Wes Peters
Making offers sticking to Brandon Turner's 20% discount rule.
Im a newbie. I just finished reading Brandon Turners, 7 years to 7 Figure wealth and i was left wondering, Will realtors take me serious if all my offers are 20% lower than the asking price? Is low balling a common pr...
Joy Allen
Turn key Opportunity zone investment
So...
can I take a qualified capital gain and create my own opportunity zone fund , then inlist a turnkey operation to sell me a house in an opportunity zone the charge me for the rehab after the sale and cover the b...
Kamlesh G.
2% Rule in Metropolitan Cities...
I've been on and off the forums for 6 months now. And i've gotten back in recently. My questions is how in the world can you justify the 2% rule in a metro area? Im looking at a SFH, split into 3 units, 3 blocks from ...
Stephen Savage
Newbie - Is personal use counted by days or nights?
I'm under contract for a ski-in/ski-out condo in Keystone Colorado. I'm going to use the condo primarily as a STR property, but would like to maximize personal use without going over the 14 days/10% IRS rule. I've r...
Javier Tejera
Advise on CRM software to keep track of Clients
Hello guys/gals, I was told that I should use a Customer Relations Management software to keep track of Networking contacts for the SEC Rule 506 on Non-accredited investors previous relationship rules... Does anyone h...
Zk Lani
Real estate tax benefits for high income earners
Hello BP community. Are there any real estate tax benefits for W2 high income earners (over $250k)? I’ve read several books/posts/blogs on tax benefits for RE investors, and even contacted a couple of CPAs who are act...
Adam Roth
10% down investment property loans?
Hey y'all, I'm sure this has been discussed already but I'm curious if anyone has any recommendations for lenders offering 10% down payment on an investment property in California? Thanks so much.