Zach Wittmann
Details of structuring a partnership?
Hey BP community, I was wondering if I could get some feedback on examples of how other people have structured their partnership with another investor who is solely a financial partner (silent partner)? What are your ...
Wilson Manigat
Is BRRRR really and equitable strategy in todays market?
Hello BP Buddies,I know the common answer to the question would be, "well, it depends...", but I am truly curious. No need for snarky remarks, just trying to create a think tank here. As an investor, if you purchase a...
Bryan Harmon
Inherited beach house
Hi I have a question is I'd like to throw out there. I'm about 1/3 of a beach house inherited to me. I would like to keep it and the other members of family want to sell.
Any ideas on how I can buy them out?
I'd say ...
Rob S.
Rental Property Cost Basis
Hi,I have an interesting tax problem I was hoping someone could help me understand. I think I've managed to screw myself over pretty badly, but I'm hoping there's some way to fix it!Back in 2008 I bought a house as a...
Kyle Seidel
Tax Implications for Moving out of My Owner-Occupied Duplex
I currently live in an owner-occupied duplex and will be moving out next year and then renting my side. I have some questions and am double checking what my accountant has done so far.1. My side is 3 bedrooms. I have ...
Nate Michaels
Owner-occupied duplex, how to depreciate properly
Hi all, I'm owner-occupying one unit of a duplex and I'm wondering what is the best to report the depreciation if I convert the owner-occupied unit into a rental at a later date. The challenge I'm having is specifical...
Donald DiBuono
Leveraging your HELOC to BRRRR
Hi!I have a scenario i would like you all to weigh in on. My partner and I took our a HELOC on our homes. Keep in mind, our personal homes are not making any money. We used the HELOC funds to buy a SFH all cash. The S...
John Hartman
Maximize profit on spec home and other questions
I am just getting involved in real estate investing and think I found some land that could be very profitable to build a spec home on. I am in Virginia and found a development with several lots selling for around 5-15...
Vonnie Bradley
Month to Month rent?
Good Morning Everyone,I have a tenant of 2 years that would like to go month to month for this year because they plan to buy a house. They are not sure when they will purchase the house but she thinks in January 2017 ...
Naveen Kumar
LTV on rate and term refinance
I have a quick question on rate and term refinance:If I buy a 100k property with a private mortgage of 90k, and the property appraises at 100k, will the bank be ok with a rate and term refinance loan for 90k, or will ...