Eduardo Alfaro
NEED ADVICE/FULLY PAID FOR UNDERPERFORMING ASSET/CHICAGO
Hello, I am a small investor, looking to put the accelerator and grow my portfolio (3 properties so far). I own a small condo in downtown Chicago, this unit has been a great rental as it relates to continously bein...
Michael Greenberg
Payoff, Hold or Buy....
I am a bit perplexed on my next move and was hoping to gain some insight from this forum. I am a current business owner in the IT sector and likely will be selling my business to focus more on my real estate properti...
Christopher Stanis
Why a "POWER TEAM" is a waste of Time
You MUST HAVE ALL these professionals on you "POWER TEAM" to Begin Real Estate Investing: 1. Real Estate Agent 2. Home Inspector 3. Mortgage Broker 5. Attorney 6. Accountant 7.Contractor 8. A...
Brett Trammell
Bonus depreciation without being a real estate professional
My wife and I bought our second rental property last fall - a 4-plex. I’ve been hearing about taking the bonus depreciation and while it sounds like it would be a great strategy if we were full-time real estate profe...
Chris Pasternak
Subject to - How much time allowance did lender give after due on sale called?
Experienced Sub2 investors/bankers: When the bank acted on the "due on sale" clause, how much time did you have to perform your exit strategy? What was it? Enough time to list it and sell? Paid off in cash? Would ...
DeWitt Gibson
What is Your Outlook for Mortgage Interest Rates in 2021?
As a Mortgage Broker, I hear a lot of "expert" opinions about where mortgage interest rates are heading. I am more curious as to what the word is out there amongst the folks actually buying and selling real estate day...
Mitchell P.
I want to sell 50% of a duplex I own to my Dad. Is this possible?
I own a duplex that has significantly increased in value over the last two years. I would like to extract some of that increased value so that I can purchase another property. I'm looking at selling half of the owners...
Account Closed
Lowering the tax bill
HelloLet me state upfront this may seem like a rather strange question. I am looking to expand my portfolio but I currently don't a need for the rents income. If I use it exclusivly to pay the debt on the property wil...
Bill Adams
Highest Tax Bracket, Trying To Push Income To Next year - Tips?
Hi all, I have income that comes in from the highest tax bracket possible (over $1mm a year). I do have a strong CPA but was curious if anyone has any tips on things to look into that I might be able to do before the ...
Nick Leamon
Commercial Office Space Investing
Hey BP nation,I was wondering if anyone here has invested in any commercial office space. I have never invested in commercial space, but the friend that approached me with the information is reliable, but I am looking...