Good afternoon, I am a newbie looking to jump into the market in about 6-7 months. I have received a preapproval from my credit union with an estimated monthly payment which is higher than I'm comfortable with. I'm ...
Hello All,
I have been running into a small issue and wanted to get some feed back to see if anyone new a way around this. I have a small tax lien that is against me personally. I will be paid off completel...
A friend of mine has a tough situation they are facing. Two elderly relatives (a couple) are having serious health issues. They have effectively no assets except for a paid off house (worth around $300K in Illinois). ...
I'm looking for a course to help with real estate investment analysis, for commercial properties and residential buy&hold and flips. Ideally the course will provide tools that I can take with me when presenting...
Hi all,
Will be starting out as an investor mostly buy and hold. Currently working on my credit and saving some more but should be ready in a year or less. I have different strategies in mind but my main concern is ...
MARCS or straight line depreciation. So as I understand it if I use MARCS I will be on the hook for more in taxes when I sell the property vs straight line depreciation. Still with that in mind what is the preferred d...
I have developed a business in construction/remodelling that was initially designed to support the 34 properties we have. It has taken off and have an interested partner. I am looking for a small business attorney t...
I need help with numbers to decide if starting a syndicate would work for purchasing recovery homes or if I should just wait until I can purchase another one on my ownProperty cost estimate 450k. total cash to close ...
Hi,Currently, I manage my rentals myself. Do I need to QCD them to a LLC? Or do I need separate LLC for each rental? Any pros and cons? Even with LLC, can I still do taxes in 1040 Schedule E?
Happy September BP lovers! Wanted to start a discussion around financing, specifically "hard money lending". What can you do to be a better customer for a hard money lender allowing them more trust to lend to you? ...