John Paul Terragnoli
Should my CPA file and pay taxes on my behalf?
Sorry for the stupid question. We got a notice from my CPA that our taxes are completed and have been filed. He sent an email saying that we owe about $1000 for our federal taxes and $2000 to NY. Question is, would...
Katlin H.
CPA, Finacial Advisor, or both?
Hello guys!
Like many others I am new to real estate investing and after circling the pool for over a year, I finally jumped in. I’m in contract for 2 OOS properties and looking at 3 others at this time.
One big co...
Jasmine G.
Financing first rental
I am looking to purchase my first rental property. I currently own my primary residence where I am responsible for the mortgage. My husband on the other hand is not tied to the mortgage and has the ability to obtain a...
Joon Kim
Questions about syndicators
I am a passive investor and only have participated in a handful of deals so my question might be uninformed or basic. Ive been pitched by various people calling themselves "syndicators" but I find their supposed deal...
Ty Doke
Financial Advisor says: Real Estate is a terrible decision
I am under contract on a property. My partner is providing the capital for down payment, and renovations. Partners capital is currently in mutual funds with a Financial Advisor Firm. We met with his advisor about 6...
Tony Castronovo
Typical fees and financing for multi-family apartments
First, I am learning that "typical" and "commercial" should not be said in the same sentence. But a couple questions for those with experience in multi-family apartment complexes.First, what should I expect to pay fo...
Keith T.
Week and a half later tenant wants security deposit back
Hello everyone. I don’t know where to start, So I had an appointment for rent. I had a family come and look at the apartment. Decided they want it I did background checks and they were approved Took the apartment off ...
Benjamin Sussman
Should I sell my property and use proceeds to buy in a better area?
Hey BP Community!I currently have a 5 unit in the Back of the Yards neighborhood that produces $2,000 a month in cash flow. I think I could sell it for about $350k and get net proceeds from the sale of about $148k. I ...
Goretti Fong
Fractional Private Money Loan
Hi BP, my first post here. Thank you for all your comments in advance.I have been a SFH buy and hold investor and am considering this private money lending opportunity. The plan is to acquire two adjoining parcels in...
Matt Lawton
First Deal - Should I go Hard Money?
Hello,
I have been wanting to get into real estate since last year. I have been investing solely in stocks for years and completely overlooked the power of leverage. I have never purchased a property before. I was ...