I currently own one rental property (plan on purchasing many more) I would also like to start a property management company that takes care of everything. What is the best way to set this up?I purchased the first hous...
I have scoured the BP blog and internet and have not been able to find a clear answer to a few questions I have regarding Debt to Income ratio, so what better place to ask than here! So here it goes!1) I have had a re...
Hi. I understand with flipping you have to pay ordinary income taxes on the profit.Could anyone explain how taxes would be for a partnership, in which profits would be divided 50-50 in the following scenario: ==one pa...
I want to start out by saying I love multifamily but I have learn some things about them that I didn't consider with SFH.
Most of these issues have been resolved quickly but still they are pain.
1. Parking is an is...
Hi BP,I’ve had passion on real estate investment after reading rich dad. I am a physician having really busy schedules with quite decent income. What I am realizing is that REI is not really passive. I even looked at ...
Hello,
My name is Brendan and I was reading some of your posts regarding LLCs and refinancing. I have a couple questions for you.
What I am doing is raising capital through private investors to pay for a 4 unit or ...
My name is John, I am grateful to introduce myself to the community. In my introduction I would like to share some words about myself, Share my goals, Share my why and invite you to speak with me on how I can help you...
Greetings. I am getting ready to purchase my second home and will be continuing my house hacking strategy. My current home came with the tenants and they have been stellar. I didn’t have to go looking for tenants. Bu...
Hey guys,
From what I heard banks normally use your gross income to debt ratio to determine your borrowing power. If I depreciate property value on my tax return to deduct my net income, will that impact my mortgage ...
I have a degree in construction management, and my full time job is working as a project engineer for a large general contractor in Seattle. I have been involved with real estate my entire life (thanks mom and dad), c...