Account Closed
Some people hold title the wrong way
Hello BP. Thought this one was a tough one that only a CPA could figure out and a good learning lesson on how to take title. What will he/mom be taxed if they sell? Can taxes be avoided? Had someone come into my open...
Ralph McDaniel
How to Avoid Capital Gains ?
I listened to a BP pod cast last month and someone said if your business is to flip homes, you do not need to pay capital gains tax for less than 12 months. I mentioned this to my CPA and they were not aware of any s...
Cody Lown
Owner leaving property management company. Where does deposit go?
Hi,
I've got a general question that I could not find on here. I apologize if it has been asked previously. Generally speaking, if a rental owner decides to end his/her professional relationship with a property manag...
Mark Updegraff
Management Company, your input requested on accounting practices
Hi All, I recently formed my Management company to separate the liability from the properties themselves. I just want to throw this by you to make sure I'm doing it right. After all, I don't want to end up having t...
Pete Harper
Texas Multifamily Commercial Insurance Quotes
I'm having difficulty finding insurance providers in Central Texas. I have two multifamily properties that I would like to have quoted.First property is a 12 unit apartment complex located in Fairfield, Texas. There...
Dylan Keyer
Buying from Land Banks
Hi All,I am wondering what experiences people have had buying properties held by land banks.Specifically, I am wondering if there have been a lot of success stories in buying and flipping distressed properties from la...
Ceasar Blackman
Home Security for Rental ??
Hey everyone, I wanted to know if any landlords see value in having a home security system on a rental property? Obviously the renter would have their own codes and etc, but owner holding the master codes and paying t...
Danielle Du Plooy
Interest rate cash out refi
Hello all, I know interest rates are rising rapidly. I just got quoted a 7.25% for a cash out refi. My credit score is 780. Does this seem to align with what other people are seeing? It does seem to be a bit highThank...
John Hauser
1031 question
Hey Everyone (and Bill Exeter!). Have a question about selling a rental property currently owned by me and two partners. Right now me and one of the other partners wants to buy a new rental property, and the othe...
Joe Huss
Lets wholesale it instead!
Investment Info:
Single-family residence wholesale investment in Kingsport.
Purchase price: $18,500
Cash invested: $2,000
Sale price: $28,500
This project was a simple project we bought and held ...