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Can anyone explain what deductions are allowable as a limited partner in a real estate deal vs. actively owning/managing a property? For example, if someone creates an LLC through which they invest in limited partners...
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Hello All,I have a tenant in my duplex who has been living there for 10+ years. I want to evict the family to owner Occupy . For my eldest Son.The thing is this eviction will cost around $20K, since it is considered a...
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I am looking for single family homes to purchase, clean up (rehab) and rent. My long term exit strategy is to sell the property within 5 years. But during the 5 years that I own it, I will look for positive cash flow ...
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Hello BP family!
I’m new to the real estate game. After many years of listening to BP/Real Estate Podcasts, reading, and building up my finances, I believe there’s no better time than now to finally jump into the ...
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There is an old saying “You don’t make your money when you sell the home, you make your money when you buy”. From my experience that statement is about 50% true. Your ability to negotiate can end up playing a huge r...
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Looking for a tech friendly CPA, someone who uses Quickbooksonline software or has own cloud based software for oversight or remote managing.
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Hello friends!I recently leased out my 2nd SFR. Both cash flow approximately $300 after expenses. I have around 25k in reserves and my job nets me $8k a mth. My niche is high end SFR. Multi family and commercial are t...
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I’m under contract for a gut rehabbed two flat with no appliances. During the inspection today, I noticed there’s no space for a dishwasher in either unit. Has anyone seen this before? Is there a way to make room for ...
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Does anyone have a recommendation for a good source for a list of multifamily owners to contact (by mail, email or phone) by zip code? I have used Listsource for single families but before I reach out to them, I thou...
I own a rental property in Chicago that currently has a lease and the monthly rent covers the mortgage and HOA assessments exactly. The unit is not listed for sale and I owe more on the property than the market value...