So here is the situation. My wife and I have just sold a property that we have held since 2009, from the time of purchous till May 2016 it was an occupied rental, from may till October of that year it was vacant as I ...
Hey everyone - I just wrote a post in the BP Blog about how I believe only 1% of "wholesalers" ever do a single deal. This got me thinking - I wonder if anyone is making money and doing wholesale deals?
If you are an...
Hello All!
When first starting out, what did you find was the most efficient, least expensive way to set up your business entity? Is it highly recommended that I start out with setting up an LLC when jumping ...
Hello Community!I recently started my journey to financial freedom. I wanted to ask you guys how did you get started, and what path you took to get where you are. Did you learn from people first? did you use books? I ...
Hello BP community! I'm relatively new to the investing word and I'm looking to get an overview of the lingo and short hand that gets typically used; such as ROI,NOI, actual Cap and the like. Any help would be a blessing
I will preface this post by saying that I am an Engineer with some experience on environmental matters.Black / dirty air vents and ducts in my condo rental spotted by a prospective tenant expecting a baby. I am not l...
Hey there everyone, I was wondering if you all could help me out. I am looking for literature that will explain how to value Mobile Home Park deals. Is anyone aware of books or a website that I can go to that will ...
It makes sense to want depreciation to offset ordinary income.
Here's the kicker:You need to establish that you are real estate professional. Then you establish material participation.There are two tests to a real es...
Hi Guys,I thought I remembered hearing that if you purchase a laptop that will be used for investing, that you can write this off as a tax deduction as long as it is used primarily for investing purposes. I have jus...
Investment Info:
Small multi-family (2-4 units) buy & hold investment in San Diego.
Purchase price: $880,000
Two single family homes on a 6700 square foot lot. One 3bed 2bath and the other a 2bed 1ba...