Jonathan Toruno
Anybody doing a lot of sub2?
Got my first sub2 in the works just trying to make sure I have the forms correct. I’m using a P+A like I would wholesaling correct? But I’m also adding a subject to existing mortgage in the agreement correct?
Kareem Lyons
Trying to start out but need to help.
Hello, I'm trying to start out as a real estate investor. I have 25k saved and want to house hack but I'm running into some hurdles. Most multi-family properties in my area are either not in a good area, are too expen...
Neil Landa
Starting out at the peak of the Real Estate boom
Good Morning BP! Brand new to the Real Estate game and I'm curious of everyone's thoughts about getting into the Fix-and-Flip game at this point in the Real Estate cycle. Would it be better to get in now and get my ...
Ane Fifita
Can someone help determine rehab costs and repairs? CA
Hi BP fam! Looking to get some insight on rehab costs for a distressed property I came across in California. I'm really eager to get an offer in but want to make sure my numbers are right. Does anyone know what the re...
Hjiorst Fjioords
1099-MISC Rental Income and Box 3 "Other Income"?
This is my first full year as a rental property owner, and I am doing my own taxes. I received a 1099-MISC from my property manager showing the expected amount in Box 1 for rental income, and about $1200 in Box 3, "...
Nitin Mahajan
Any suggestions on opening LLC - attorney or legalzoom?
I am planning to open LLC before making next real estate purchase. Is it good to use attorney or simple enough to use Legalzoom or similar service?
Pat Williams
Tax Organization Structure
Where are my blind spots in this tax organization for a real estate developer. A single member LLC (Company X) runs rentals, RE development, and is General Contractor on the development of the properties. The rental...
Jorge Leon
Tenants in a 4 unit multifamily, what are our options?
Hi all.My parents are looking to purchase a 4 unit near their primary residence. 3 of the units are rented and one is vacant. The tenants have the right to stay until their lease ends correct? At which point rent woul...
Emily D.
Capital Expense vs Repair Expense
For bookkeeping/ tax purposes: if you replace an A/C unit and hot water heater does it get categorized as a capital expenses or repair cost? I have been researching to ensure I log it correctly in our bookkeeping soft...
Charlotte Dunford
Preferred rate of return question?
If you were to pay your investors $8,000 in preferred rate of return of 8% on their $100k capital investment, the second year the capital account amount would be brought down to $92,000 right? The second's preferred r...