Garry DeFilippis
[Calc Review] Help me analyze this deal (My First)
View report*This link comes directly from our calculators, based on information input by the member who posted.This will be a house hack at first till I can save enough up to move out. These numbers a...
Brittaney Woods
When Figuring Out an Offer to the Seller
Ok, from my understanding it is necessary to use the tax assessed value to help make an offer to the buyer. But I was told by another wholesaler that the assessed value can sometimes be wrong and the house may be wort...
Harrison Hodson
Private Money Lending
Hi BP!I'm just curious how people are structuring their Private Money loans for real estate deals...What sort of interest rates are Private Money Investors getting right now?Is the loan for the term of the project, or...
Ryan Driscoll
Pricing a rental - separate or combine utilities & estimate cost
Hi all,Just purchased a house - it is an owner occupied 2-family. The house is a converted single family --> two family. I could use help identifying my options for what to do with utilities. This is the current si...
Paul Passafiume
Qualified Business Income
This new QBI tax break is great but very confusing. Here's the deal. My main day job is as a 1099 IC doctor. I am actively involved in real estate investment and self manage my 11 units, interacting with tenants often...
Mathew Wray
Combining lots/RH Development in Portland
Hey Portland friends, I think I know the answer to my question, but I want to double check with those with more development experience. I've got friends who have a tear-down house next door to them that is about to go...
Emilio Ramirez
Converting to tenant paid utilities
In the milwaukee area, a lot of properties advertise heat included. If I were to find a deal with existing tenants in this condition the rent would have to be lowered if I made them responsible for their utilities. Ri...
Joe Spinelli
Real Estate Professional - 750 hour question
Hello everyone! I know the criteria to be a RE Professional is 750 hours in RE and more hours in RE than any other job. My accountant told me that I need to spend 750 hours PER PROPERTY which does not make sense. H...
Brian Morgan
Me big W2, spouse RE pro. How write off 1/3 LLC losses?
Sorry for the Tarzan title, but I think it covers the bases. So I’m a W2 wage earner in the 33% tax bracket and my wife, who has no income, logged 750 hours on our rental house last year to qualify as a real estate pr...
Nathan Lilly
Help on Deal Analysis!!
Hello fellow BP members, I have a deal that I would like extra eyeballs on. Purchase price $107,000 these are two separate properties buying as a package. Rent from property 1 is $750, rent from property 2 is $900. Ex...