Charlie Lee
Can I 1099c a tenant from years ago?
Hello all, long time reader and first time poster. Back in early 2018 I bought my first rental property and the seller wanted to stay on as a tenant. The rent was about $3K per month. He signed a one year lease and pa...
William Hinsche
What work to separate out with general contractors vs. handyman?
Inspection report came back, What are the major work to separate out with general contractors vs. handyman? I will be using a government loan product.
Danny Smith
Proof of funds for hard money
Hello BP I'm looking to purchase my first brrrr in Delco, Pa and I'm looking to go the hard money route. (I don't qualify for regular loan)I saved up 50k (the amount recommended to me buy lenders) but I only have 16k ...
Jeffrey Albaum
Out of State Short Term Rental
Investment Info:
Single-family residence other investment in Townsend.
Purchase price: $552,000
Cash invested: $82,800
STR in the Smoky Mountains. Value add opportunity as the home has a detached gar...
Mark Doty
BRRRRnB San Diego: We turned a duplex into a cash machine!
Investment Info:
Small multi-family (2-4 units) other investment in San Diego.
Purchase price: $1,065,000
BRRRRRnB in San Diego! Our first Short Term Rental! We opened up the floor plan, added 1 bedroo...
Bobby Paquette
Using OPM and Cash Flow
I am wondering how some people are making money in a deal when using other peoples money and it is NOT a flip. Usually Minimum looking at a 4-5% loan to bank(if not all cash), 6-10% on the hard money lender or seller ...
Martin Cervantes
Looking for CPA with Real Estate experience
Hi BP community, Does anyone have recommendations for a CPA with experience working with real estate investors as well as remote workers? Ideally someone out of Grand Rapids, MI, but I'm definitely open to working wit...
Kristin Carter
Equity from rental- Question
First post in BP!!!! We are so happy we found this resource!!!! BACK-STORY- We own a house and 5 acres right outside Nashville (our home- with a mortgage). I am an only child. We recently bought the home and 6 acres n...
Kyle Nichol
What should I do with my newly paid off home?
As the title states, I’m looking for ideas on what I could POTENTIALLY do with my recently paid-off SFR.
My goal is to purchase my first investment property within the next 12 months. My initial plan is/was to take a...
Kenneth Malcolm
Should I change my W-2 to something related to Real Estate?
Hi All, I am a new investor looking to acquire my first deal in the next year or so. I currently have a W-2 job in Accounts Receivable and have been exploring other career opportunities related to real estate, particu...