Forrest Shaw
Kalamazoo Student Rentals
Hey BP community, hope this message finds everyone well!I’m a newbie investor from Boulder colorado looking for a little help with my investments.I’m looking to buy a cpl student rentals in Kalamazoo MI for my first i...
Jody Ho
New landlords - 1099-NEC/1099-MISC and QBI deduction
Hi everyoneI am a new landlord from last year and working on my tax return. I found two new things along the process. First, 1099-NEC and 1099-MISC. Second, QBI deduction.I bought two 8 unit multifamily properties in ...
Joseph Quinones
Wholesale Contract- Questions/ Concerns
Hello Colleagues,I have put together my first Wholesale Contract and need to get my first property under contract. The seller I am working with has agreed to place his property under contract with me, but I am a bit ...
Jake Kucheck
Section 8 Basics
Not much Section 8 in OC, but I had a Section 8 potential applicant inquire about my rental. Need to know the basics of getting my property Section 8 approved, what Section 8 entails, etc.
Hoping Steve Babiakipedi...
Kelly Niddrie
Assignment of Contract
does anybody know if it is legal in the state of Connecticut to reassign a contract and use the language "buyer reserves the right to reassign contract to LLC of choice" and also if a person has a property under cont...
Tim Gosser
Zoning Issues - single family home for college rentals
I just learned that my first two deals are zoned for single family homes. My plan is to rent to college kids. I have a clause in my contract that I can back out if I need to, but that isn't what I want to do. I kno...
Zachary Busekrus
I have 10k in a 1.5% APR savings...should I move to mutual fund?
Hi all!I am a young, fresh-out-of-college millennial, but I worked full-time at a marketing agency all throughout college to pay my way through school. I have a decent salary (high above the average of my peers) and a...
Charlene Garrison
Setting up an LLC in Michigan
I have been advised to set up an LLC. How much money should I plan to spend on this?
Justin Fox
Capital Expenditure depreciated over life of property.
So say you've been depreciating a property for 10 years. Year 11 rolls around and you completely replace the roof. Does that just increase the remaining depreciable balance (basis) for 17.5 years? Or do you deprec...
Isaac Rayne
Financing on a Duplex
Hello, I’m 20 years old and I’m looking to invest around 200k into real estate. I want my first investment property to be a duplex so I can get some experience before I go into larger mutli-family deals. So over the l...