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As I'm gaining more experience in investing and learning more I wonder what opportunities are out there for other related fields that could boost my skills as an investor. I'm planning to continue a full time job, pre...
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Alright, I gotta get through college debt free.I'm well on my way, but I need to come up with another $10,000 or so over the next year in addition to what I already project making. I closed on my first property about ...
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Hello everyone, I'm brand new to BP but have been listening to podcasts and reading recommended books on investing for a while now. I am going to be completely candid in this post so I can get some specific help. My f...
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i don't see anywhere in the IRS code that states that the QI needs to be anyone in particular. It just can NOT be a relative, or your accountant, realtor, etc.I was just quoted a $1200 price for a 1031 exchange prof...
Question on rental income taxation:Thank you in advance if you can clarify if I am thinking about this right or not...-Assume I own a rental property in my LLC.-The property earns 2,000 in net rental income after payi...
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Hi -Newbie question. A favor, please. If you are using #s to explain something, please pull from the #s below.I am in the process of buying my first long-distance property. First the #s:$150k purchase price$50k repair...
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Hi All.
A little background. I am a buy and hold investor. I did buy a single fam, fixed it up, and sold it for a profit. Then I bought my first rental property off MLS; a 3 fam in Dorchester. I have recently learne...
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Hey BPers!I am currently in negotiation with a seller in Arlington on a seller financing deal, and it's looking likely we can come to an agreement that works for us both.Can anyone in the Northern Virginia (NoVA) area...
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Hi, I got a call today on a house. The woman paid $79,000 for it in 2006. She knows she over paid and doesn't think she can sell it without being able to pay off her loan which would mean a short sale. She doesn't kno...
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Hi BP family, We have a fixer-upper deal in Austin that we are looking at that is FSBO and off-market. We have a handshake on a purchase price. It'll be a primary residence and we'll be using a conventional loan. T...