Troy Norwood
Buying and Holding in Low Income Neighborhoods South Florida
Hello BP Fam!Let's say I would like to buy and hold properties here in the Ft. Myers area that are in low income neighborhoods. Why do I think I want to do this? Please tell me if I'm wrong... I am hoping to owner fin...
Jordan J. Osborne
Am I Starting Too Soon?
Hey everyone! I’m curious to hear from you guys about whether I should wait to invest in real estate until I get better financials or if it’s not a bad idea to start now. Background:I’m a 25 old college student, gradu...
Ryan Scott
Humility First (SCRA, Strategic Default)
Hey TEAM,
They say this business is all about connections and, to be honest, it’s a bit intimidating reaching out blindly into the wild. I’m in a bit of a strange situation and would love to hear your thoughts if you...
Roger Malcolm
Some questions, for newb, on property tax foreclosures in Texas, Fort Bend County
I have never bought a foreclosed property. There is one near me that I am watching. Some questions please:
1) How long does it take a property to go to auction, once the property tax are delinquent past July? July ...
Account Closed
Unexpected Capital Improvement
I have not run across anyone talking about building or having a reserve fund for a property. What is The recommendation to accrue and pay for a unexpected capital upgrades, i.e. furnace, roof, sewer, parking lot, wind...
Kevin Stearns
Information on index universal life insurance for retirement
Does anyone have any idea where to go to get set up with an IUL? Do you think using an IUL is a good part of a retirement strategy? Thank you for your input.
Edita D.
Penaltiies due to owing IRS in backtaxes
Hey guys!I submitted all requested paperwork to our accountant on March 30th, 2016. When I had my appointment, I explained that we need to ensure to submit the taxes ON TIME as we may owe in back taxes, in which case ...
Jamal Shabazz
SELLER FINANCING
Hello all! I'm a wholesaler who lives in Richmond,VA. I've been investing for a few months now, and I don't know the basics of structuring a Seller financing deal could someone help me understand? Thanks.
Aaron Simpkins
Vested Roth 401k questions
BP CPA's, I have a question. I have a fully vested Roth 401K from a place I no longer work at. I want to leverage this Roth into my real estate investments but I am still unsure of how to fully take advantage of tha...
Scott Hurst
recapture of depreciation in an IRA
I've been told that the IRS requires you to depreciate a residential rental even if it is in an IRA but you do not get to take the deduction. And, I'm told that you recapture the depreciation at 25% when you sell the ...