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Hello everyone, Hope your day is going well! So I have a neighbor who lives three doors down from me, unfortunately, the man of the house just passed away in December. They have another home, and they are going to rel...
Hi, I'm Chris and live in the San Antonio area. I currently work full time in IT, however I was thinking about starting a side-hustle and that was purchasing real estate for passive income. I will admit, I don't kno...
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Hello BP,Recently secured my first 2 rentals. SFR and Duplex. I'm out of state. Properties are in Indy.I will need PM on both properties and each will need some fixing up to some degree. Not full gut rehab, but up...
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Let's say you do a cost segregation study on a short term rental and with bonus depreciation you have a loss of $100,000. Does that roll over as a credit for future income or do the IRS actually send you a check?
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I am looking at purchasing a property that was built as a duplex. About 15 years ago the buyers opened a couple of walls to create a single family home. Both kitchens, stairs, front doors etc are still in place. Th...
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Hi - I am a passive investor thru PoL, RealtyMogul, etc.. In addition I have one single family home that I purchased 7 years ago and rented ever since. I plan to sell that home in 2017. My question is:Can I take...
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There seems to be a lot of confusion on BP as to how you lose the protections of an LLC or business entity. In legal terms, this is called “piercing the corporate veil.” A business entity can shield you from liabili...
I get asked often from non-real estate professionals for advice when they're approached to invest as an LP in a syndication. I have experience working on JVs at the institutional level and have had negotiations with ...
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I'm over 59.5 and about 5 years away from retirement. I may work longer, not sure. I currently own a rental condo that still has about 85K on the mortgage wth an $800 mortgage payment. Current value on the condo is ab...
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Hey all,I am considering buying a multi unit 1950's constructed cinder block apartment building and wanted some advise. The electric is knob and tube which is the major problem with cinder block walls. The second is...