Aaron W.
Legal documents for equity and debt financing partners
Hello all,This is the first time we are seeking other people's money to acquire real estate and are interested to know what legal documents we need for private money partners who want to join us as debt or equity part...
John Fabros
Maxing out VA loan with 6 units/commercial? (VA handbook Ch7)
Reading through the VA handbook:"If a property is to be owned by two or more eligible veterans, it may consist of four family units and one business unit, plus one additional unit for each veteran participating in the...
Adam Zuar
bonus depreciation help/questions
My parents bought a short term rental property in Cape Coral Florida in 2021. From what I understand, they can use bonus depreciation once a cost segregation study is done. Unfortunately they did not get a cost segreg...
Michelle Sangalang
W-2 High income looking for ways to minimizes taxes with Real estate license
Hey BP Team!Looking for some advice on how to minimize taxes in CA. Here are the facts:1. High income W-2 ($400k+) earner and would like to keep my job.2. Own 3 LTR properties all in CA under a Trust.3. My spouse and ...
Kenneth Leung
Separating from a property management company
We have a SFH that we have been renting out through a PM company for several years. Recently, we have been having issues with the PM company involving our most recent tenant ending their lease and re-listing the prope...
Connor Feist
Searching for Lender
A few questions below:Does anyone have recommendations on short term lenders that I could tap for acquisition capital (likely between 60-80% LTV)? The property would be a condo in Florida that I would expect to flip i...
Kevin R.
Self Directed 401k - Brrrr
Is BRRRR investing one of the prohibited transactions in a self directed 401k?
Account Closed
Question on lottery type of tax lien sale
I have a question about lottery-type tax lien sales that I'm hoping someone can help me with.
The treasurer's office lists this information on their site:
"A participant of the sale cannot pick and choose properties...
Dolly Caswell
Getting conflicting info about tax deductions for my rentals
I've read some marvelous advice here about a variety of topics, so I'm going to ask this question that is puzzling me about the tax deductibility of my rental expenses.I've been told that I can't deduct expenses due t...
Aidan Wong
Cost segregation tax write off when STR is not generating positive cash flow yet
Hello, I have a short term rental which has not generated positive cash flow yet and I have been managing it actively more than 100 hours this year and qualify as an active participant. I am not a licensed real estate...