Diogenes M.
1st R/E investment question - Remote Deal or Local Only?
Hi guys, I'm brand new here (both to R/E investing and w/ BP) and I have a quick question as I'm reviewing deals from all sources. While my plan and financials does include property management for any location - for ...
Bryan Clement
Increase Income or Else!!!
I recently received a promotional email from Grant Cardone saying that when the next recession comes, be it now, or 5 to 10 years away, anyone making less than 125k will be screwed. For many, including me, this means ...
Phillip Li
First rental property purchase
Hello,I am looking to purchase an 800-1000 sq ft home as my first rental property. Ideally, demographically and income wise, where should I look? Should I purchase income property close to me first? we are young so I ...
Todd Willhoite
Defer income to 2018?
Can I defer income to 2018 where the tax brackets are more favorable than 2017 by doing the following strategy? I don't want to tie any more money up in tax deferred accounts, but if I make a deposit to my sep-ira or...
Lisa Gerard
Hello from the Tri-Cities in Washington!
By day I'm a mild-mannered accountant, something I'm good at, but not excited about. A W2 job for me is a means to an end. In this case a good income means I can qualify more easily for a loan on another property. ...
Dan Powers
To Section 8 or Not to Section 8
Every rental investor always stresses about wanting the maximize cashflow, and the clear answer to that is Section 8. While on the surface of examining the rents in the most popular zip codes (19143, 19139, 19142) mig...
Jose Bu
Gatlinburg STR, Franchise and Excise Tax 6.5%
My lender is willing to close our Gatlinburg STR property in my personal name or in the name of my LLC. I would love to close in the name of my LLC to have less liability. But If I close in the name of the LLC then TN...
Mark Douglas
Documentation Required with Application
I'm thinking about what all I'd like to see come in with a rental app. Here's what I've got:- Copy of SS card and 1 alt. gov't issued ID (Driver's, passport, etc)- 4 weeks of paystubs, or most recent benefit letter s...
Aaron Moyer
STR - central CO, Solar and water question
Hi BP folks! I’m new to the STR game, have a question about a property in a desirable part of CO for rentals. How negatively will a property that is on Solar with a generator and on cistern water affect bookings? Assu...
Barshay Graves
Rental Income
Why don't lenders count rental income for loan purposes for first 2 years when you may be paying taxes on this? Are there any exceptions?