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The Psychological Challenges that Come with Checks with Commas
I've Done a Ton of "First Deals" with Newbies and I've Observed a HUGE Enemy of Future Success. Greed.A lot of these "First Deals" are brought to my company by new wholesalers just getting started. Here's how it wor...
Danny Chan
Can we tell applicant that income must be 3x the rent?
Hello,I was looking up fair housing laws in Chicago because I am trying to rent out a unit, and I came across an article online that said we are not permitted to say that income must be three times the rent, because i...
Caleb Carlson
Tax write off for my LLC
After 1 year with my LLC I'm wondering if it would be smart to sell my personal car to my LLC as a tax write off. Has anyone ever done this before? Is this a bad idea? Thanks for your input!
Ilya Alper
Embarking on a Real Estate Journey: Seeking Knowledge and Connections
Hi, I’m Ilya. I’ve always felt a sense of curiosity whenever I passed a construction site. I still do and would like to explore this part of me.
I’m here to “get into RE”, to learn and to meet wonderful like-minded i...
Virginia F.
Motivated to take action
Hello BP family!
Ever since I joined the BP a couple of years ago and read many inspiring stories, I FINALLY decided to take major action and quit a solid paying career as a surgical device sales rep to focus on RE...
Steven Joseph Fogarty
Home Equity Agreement partners for rental cabin in TN? Not HELOC
Howdy. I'm looking for a Home Equity Agreement partner, who works with investment properties in Tennessee? A Home Equity Agreement is not a HELOC. It is my understanding that HELOC lenders do not work with 2nd homes a...
Justin Otero
Househacking and filing taxes
If you’re house hacking(living in a room, renting out the others), how best should you think about treating your property and rental income/expenses in relationship to your taxes?
* My tax preparer is not knowledgeab...
Kevin Moules
Write off or not to write off, that is the question!
Hello BP!Wanted to get your thoughts on write offs for your business and whether it is worth doing? This could apply to a real estate business or other small business. Basically I jumped off the deep end and quit my W...
Brad Z.
Transition to full time
When transitioning to fulltime my biggest concern is the loss of income from a stable job. I have income from re investing but like most I do maximize my deductions to keep my taxable income low but when I go for fina...
Alyssa K.
Ideal w2 career path (spouse), to best benefit your RE goals?
I’m looking to support my husbands RE goals by choosing a career path that offers perks/unfair advantages, or at the very least, education, that will help us in pursing RE. So, what job do you wish your spouse had (in...