Hi BP!! I just started utilizing BP and I got to say I really appreciated the feedback from my first post!I mentioned I had written down all my goals so I thought I would just share them with my new community of inves...
Hello all! We have a unique opportunity to purchase 2 homes on 1 lot. It's a large parcel that used to be 2 separate APN lots, but was made into one. There is a primary house on one side, and a smaller house at the ot...
I'm looking to squeeze a little cash out of my primary home for the purposes of purchasing another multifamily property soon. I've been down the road of having a fixed home equity loan before, and I currently have on...
I know many on BP concentrate much of their wealth in real estate because it is what they know well. I was wondering what everyone's thoughts are on the diversification versus concentration decision. Are you an advo...
Hi All,I am looking for deal structure suggestions on a unique situation that involves a home held in trust.I have a seller who owns and rents out an SFR that has an FMV of $~2M. He and his wife hold it in a revocabl...
I’m trying to understand the basics of 1031 Exchange.Q: 1. The benefit is that while capital gain taxation is deferred it temporarily frees more money (profits/equity) for re-investing is this the point? 2. Does 103...
Hey all,New to the real estate investing world as of a couple of months ago. Quick question about my criteria when analyzing deals.I like to be SUPER conservative when running the numbers on a deal and so I've taken i...
Hi Everyone,
So I'm getting ready to make my first offer. Seems solid enough...
3 units $700, $700, $500
Asking - $42,000
Taxes around $3,000
Separate utilities
Currently fully occupied, but I need to get rid of t...
You Too Can Pay Less in Taxes!
When I first started my entrepreneurial journey, I used to think of CPAs, accountants, and the IRS as the necessary evil that I just have to deal with. Ten years later, I understan...
We're in the process of learning everything we need to know before starting to invest but I feel i'm missing something here with the numbers game. I'm looking for lasting, generational wealth by building a portfolio. ...