Ryan Webber
Nice first deal
So I bought this very nice 3000 sq ft house in a nice area. It would probably sell for 225K-235K fixed up. It needs about 8-10K in updating. I buy it for $150,000 feeling kind of worried about the whole deal becaus...
Brandon Baggott
New Member in Columbia, SC
Good afternoon, everybody. My name is Brandon Baggott and I live in Chapin, SC. Like others, I read "Rich Dad Poor Dad" and I want to get in real estate investing. I want to start off with rentals, as I feel that is a...
Aditya Soma
Any Canadian have any experience with JV cashpartner from states
I have a cousin from states who's interested to invest with me in Canada, he would like to bring in the cash and I will take care of rest, so I'm trying structure the partnership right so both of us can befit from it...
Patrick Gray
Advice on acquiring more real-estate in near-term environment
All, I consider myself a beginner in real estate investing, but savvy in business/finance. I have a RE LLC with each property in an RPT.I own 3 LTR SFHs in North FL that I acquired pre/during-COVID. Estimate there is ...
Caleb Graham
Buy Now or Wait? Managing Rental Properties After an Out-of-State Move
So I’m planning to move 1,000 miles away from my hometown in approximately two years. This move is a dream for both my fiancée and me, so it’s not something we'd reconsider. I’ve been actively making offers on duplexe...
Christopher Manganello
Rule of Thumb
I'm in Denver Colorado, doing some renovations on distressed properties and was wondering if there was a guideline to how much an investor should be paying per square foot, kind of a rule of thumb or ball-park type nu...
Jeff G.
First Wholesale Deal, How Do I Negotiate Back Property Tax?
I just recently got my first wholesale deal under contract. It's a duplex. The margins are thin, but it's nonetheless a workable wholesale deal. I'd like to carve out at least a little more profit from the deal by neg...
Tyler Speelman
Convert STR to primary to avoid depreciation recapture?
Hey BP folks!We have a few STRs that we have done cost segregation studies on. After operating the STR for the first year can we turn the STR into our primary residence for 2 years then sell and avoid capital gains ta...
Lior Golan
Advice for a foreign national flipper who wants to start in new construction
Hello everyone.I will give you some background on me :)I have been in the US real estate business since December 2019. I did 4 flips at that time, some of them were with partners, and some of them by myself. My last o...
Melanie Baldridge
“How much will I save in taxes this year if I buy real estate?”
Here is a framework to think about how buying properties creates the most tax efficiency for you.
The 6 levers of depreciation:Lever 1 - % of LandOne of the components of a property is land.Land is NOT DEDUCTIBLE, so...