Georgie Coote
Advice on selling properties purchased from Morris Invest
My husband and I are investors who were caught in the Oceanpoint/Morris Invest mess. We purchased 2 duplexes and 2 single family homes in Indianapolis and two Jacksonville properties. Keeping it short; a year after ch...
John Gonzalez
Looking for a real-estate informed CPA or Tax expert to avoid or offset W2 income?
Hi, thank you for reading this,I have a low performing STR, on which I have incurred losses in 2023. From this Dennis Karlton video: https://www.youtube.com/watch?v=yfz6kyw3W7k&t=692s; I've taken away that:1. Loss...
Jake Andersen
Partners not as excited.
I recently started my own real estate investing company. I took on a few partners, good friends, who wanted to help and had more money for financing than I. I love these guys but Im having trouble getting them over ...
Matthew Haussmann
Foreclosure- Who takes the loss
I've been trying to find out who takes the loss on a foreclosure. Every answer I've found seems suspect. If anyone could help I would appreciate it. Here's the situation: I found a property that went to ...
David Katz
Point Buydown on Mortgage
First-time investor looking to purchase a TK property that I plan to hold long-term. Been shopping around for some rates assuming 25% down and 30 years. Got a quote of 5.5%, which can be 4.875% with 2 points. I und...
William Allen
Calling all accountants; property in my name or LLC?
I am getting ready to put a property under contract and I need to decide if this will go into my name or the name of my LLC. Can an accountant please help me out here with my logic please?Facts to work with: I am ab...
Charlene McNamara
Help-write offs leave high DTI ratio!
Wondering if anyone has words of wisdom for me regarding lowering my DTI ratio for the sake of future financing. I've always worked under the following givens:-I try to leverage as much/best as possible, therefore hav...
Larry Yinger
How to make the best of a challenging situation
Hello all! I'm purchasing a residence for me and my partner will be moving in. I will be the sole owner on the mortgage.
For various reasons that aren't really up for debate, she prefers to rent her current 2 bed/1...
Chander Sri
Big setback on first purchase. Seeking ideas to get back up and continue investing
Hi All, This is my first post. My best friend who is a avid BP member suggested to reach out here for help. So here it goes....I bought first single family home (2000sqft) 2 yrs ago in Cedar Park, TX area during peak ...
Julio Gonzalez
Cost Segregation Study on Single Family Home
A lot of people ask me if it’s beneficial to do a cost segregation study on a single family home, the answer is yes! Determining exactly how beneficial is based on a multitude of factors, but a cost segregation stud...