Account Closed
How do I bring investors together?
Good Day BP Investors:Lately, I have been receiving inquiries from local investors in my area (New York & New Jersey) that have access to deeds and homes to sell that's in their inventory and these exsiting invest...
Jason Haddad
How do I except money from an investor who just wants to make %
Good day, I am buying single-family homes rehabbing them and renting them out. After the rehab is complete I will get a mortgage on the property and my plan would be to pay off the money partner that has loaned me the...
George Sadler
Is this being sold as half a duplex??
Hello,
Im brand new to real estate and looking to purchase my first property (multifamily) within the next 2 years. This property I was browsing looks like its only being sold as half of a duplex? If I go on zillow ...
Michael Gao
How to split profits between husband and wife from flips as sole proprietorship?
Hi,
I am currently doing flips as a husband and wife team. I "hire" my wife to do research for me on deals and I make offer to close the deals and hire GC to do the fix work for me.
This year, I opened a "Keogh pro...
Aman Singh
Commercial Properties You Can Live In
I am a Business Owner who's looking to open a Second Store preferably one I can live in. I currently pay rent for my store and my apartment. I'm looking to move out by the end of the this month. My girlfriends looking...
Trevor Dominique
Calculating Net Income
Hello BP,I am just curious how you guys factor in capital upgrades into your calculations of net income. In my calculation for net income, I accrue for tax/interest/insurance to spread these costs over the year so tha...
Michael Bertsch
causualty loss on rental property
Let’s say the roof on your rental property gets damaged from a storm and you claim a casualty loss. At the end of the year, you have a net operating loss after depreciation and operating expenses. Can the causality lo...
Campus Johnson
Putting 3.5% down payment on a FHA loan
If I put 3.5% down on a FHA loan, will my mortgage payments reflect a low down payment or will FHA treat it like I put 20%? Also, if FHA doesn’t treat 3.5% down like 20%, would I have to get mortgage insurance?
Matt Arden
Should I file tax return on LLC if didn't pay any properties
Hello, I was wondering if I should file a tax return on the LLC I formed in Wyoming for my rental property business, even if I made no money in 2019 and bought no properties. I live in Florida and I am about to do my ...
Nathan Kawalerski
Borrowing Money for Down Payment
Hello, how would you go about structuring borrowing money from a family member for a down payment? Interest, length of time etc.