Tony Gunter
Mortgage Originator License - Commercial Loans
Hello BP Family,Does anyone with solid first-hand knowledge about the following:Is someone promoting or Soliciting customers for ONLY Commercial lending products, is that person (independent contractor) required to ha...
Jimmy Wilson
Real Estate Professional for tax purposes question
I have a question that I am hopeful someone here will know. For tax purposes, the real estate professional designation is something that is very helpful if you are an investor. Would a home inspector be able to clai...
Martin Pulrang
Tax implications of a joint Letters of Administration
I am hopeful this community can guide me. I am listed as personal representative, with my father, on a Letters of Administration (LA) as a result of the death of my uncle. My lawyer said we could execute a deed of dis...
Brendan O'Donoghue
New Rental Investor Introduction
Hey Guys!My name is Brendan O'Donoghue, i am 22 and new to real estate investing and eager to get involved and learn! My goal is to get into doing BRRRR and House Hacking in my home city of Yonkers, NY. I've spent a l...
Chase Gray
How does one properly manage the capital of a REIG?
Roughly a month ago myself and 5 other individuals established a Real Estate Investing Group (REIG). We’ve found a property that will provide a handsome return if we properly apply the BRRR Strategy. Each of the six ...
Ben Breuner
How to handle accounts/taxes on a joint ownership property?
My partner and I are unmarried and just purchased our first rental property. We live in California, but the property we purchased is in Kansas City. We're working with a property manager and I want to ensure we get ou...
JayCinta Henry
EIN Texas Required, Preferred....?
Wife asked - When applying for a EIN number for a rental property in Texas what type of business should I use?
And I add thusly, Prop. Manager requested a W9. If you have only one rental unit for now can you prefer t...
Leigh Ann Smith
Single Member LLC's
When you have a single member LLC, it seems a bit silly to say that you held a meeting. But without meeting minutes, how do you track what you are doing for legal purposes? Prepare a quarterly report of some kind, p...
Jamie Wooley
Flip, Rent, Partner up, ALL the above? What is the best way???
Hello All,I am new to REI (first year) and I have been working very hard to learn as much as I can each and every day. I have learned through many different facets and getting my feet wet flipping a few properties. ...
Liz Ridgway
Passive Losses at Time of Sale
I am reading BP’s Tax Strategies book and I wish I had read it sooner. This should be required reading for anyone who owns RE, even if only a primary residence.My question pertains to passive losses. Due to the income...