Justin Green
First Year on my own
Hello BP. I just wanted to give a big thank you to all the talent we have here in 1 place. Thought I would type up a summary of my first year working on my dream. January 2015- Have been licensed RE broker for 1 year ...
Nate McCarthy
Multi-party investing deal structure for BRRRR/House hack
My sister-in-law has found a house in their neighborhood that has been vacant for years, and lo and behold, the owner has passed away and the heirs are looking to sell. Lots to be figured out in this deal but let's as...
Kurt Granroth
Estimating Schedule K-1 as LP prior to investing?
I'm trying to track down some real world numbers or estimates of Schedule K-1 statements beyond the high level handwaving on Investopedia and the like. I'm going to make a huge number of assumptions and I want to be ...
Angie Brown
What effect will rental property have on my personal income which is over $150k?
Hubby and I purchased one duplex 6 yrs ago. After mortgage payments/insurance/taxes/expenses. We are at 0 profit at best, some years have been at a loss which helped cut our personal taxes.
Want to purchase 2nd pro...
Cody Smith
When should I worry about asset protection?
Hello BP community! I was given some new advice yesterday that I'm not sure how to take. I spoke to a financial advisor for the first time, and throughout our broad conversation, one of the main points he hit on was m...
Joshua Cook
Interest Paid vs. Asset Gained. What would you do?
My Current Real Scenario:I have a primary residence in FL with a VA home loan attached to it with a 2.2% interest and only 10% of my money in the home and the value, though dropping, is almost double the mortgage. My ...
Eric Hempler
Pooling Private Funds for investing - what rates to offer?
I decided to pool funds from individuals to start investing in real estate. What interest rates might I want to offer to my investors? Any guidelines I might want to use/
Brett Hennessy
Best use of $150k today?
Going to take advantage of low interest rates and refi my primary house out of construction loan. Locked down 2.75%. Have the opportunity to pull out an additional $150 in equity and wondering the best use. Considered...
Nick Scannell
3.5% Down FHA House Hack - What's Next?
BP Community,I'm excited to say that my first Duplex just passed FHA appraisal and I'll be closing in June. Property is a 3bd/1.5 bath / 2bd/1.5 bath 2-floor side-by-side where tenants have lived for 30 and 20 years. ...
Manoj N.
Tax advantage in negative cash flow property
I am planning to buy a rental property in Boulder, CO. The property will result in slightly (about -$500 annual) negative cashflow after considering all usual costs (P&I, HOA, Repair etc). However, if I buy this p...