Account Closed
My First BRRR Deal- Does NOT cash flow- Did I do something wrong?
I haven't found much information online about rental properties that didn't cash flow and still are successes. I'm reaching out for your opinion because most of the "non cash flow" opinions by other investors are that...
Roy N.
The concept of "deemed interest" - does it exist in the U.S.A?
Good morning BP!
I was over in the blogs this morning reading Brandon Turner's latest essay, "The Definitive Guide to Using Seller Financing to Buy Real Estate" and, in the comments following the articl...
Toan Pham
LLC for one property?
I know the general consensus is that you should have an LLC for protection but I was wondering if anyone decided to forego an LLC (for maybe an umbrella policy) when they had a single property? I'm in California so LL...
Sammy Lyon
Calculating Depreciation on a Low-Priced Property
Hi BP sleuths!I wanted to share this tax question here, I was hoping my accountant could help but he didn’t seem to have much advice about this. I’ve got some choices to make about depreciation on a rental property, a...
Bruce D. Kowal
Be a Pal! Send someone a 1099 to keep them honest
If you paid anyone for services in 2021, more than $600, then you should send them a Form 1099-NEC. It's not a favor, it's actually required by IRS. If it's late, there is a penalty. Less than $300. You might get ...
Armand P.
How LLC works?
Hi Trying to rap my head around this. Let's say that there is an LLC established and we have completed a few deals. What if one day a member of the LLC wants to leave for whatever reason how would he get out and what ...
Keilon Morton
Hard Money terms for partnership
I am looking to secure my first tax sale and need another investor to go in on the deal. What are some terms that would appeal to an investor? I've never had to use hard money before, so I am not sure what type of con...
Account Closed
Why doesn't everybody buy instead of rent?
Hello everyone! I am currently a new real estate agent as well as an aspiring investor. In about 2-3 month I will have about 14-16k to invest in my first property. Now I am going to invest in a price point of abou...
Ed Goble
Catch 22 of No Down Payment for Investment
Here's the catch 22. My house (primary residence) is paid off. I have perfect credit. Regular investment mortgages would be easy to get..... if only I had a down payment, because they only cover 80% most of the ti...
Eric Wong
Is it possible to cash out refinance free and clear investment properties?
Hi! I used a HELOC to purchase two SFH around ~250k each as cash deals about 2 years ago. Are there any options for me to get a fixed rate loan on each SFH so I can pay back my HELOC. The interest rate on the HELOC is...