Moran Eldar
1031 create your own
Hello,I have been told by my accountant, I can create a 1031 exchange on my own. Go to a bank, open an account and deposit the amount in my account and buying with it another property. Did anyone do it themselves? Is ...
Ryan Shannon
Seller 20% carry on a rental property deal
I just purchased a property from homeowner who told me they have another home that they’re willing to sell me. The seller offered to carry 20% so I can borrow 80% from a bank, but I have called several banks without l...
Jason Perry
Rent Reduction as Charitable Contribution
We have been contacted by a priest who is working with a family that is in desperate need of a place to live. If we give them a huge reduction in rent from the amount we would charge, is that tax deductible as a chari...
Account Closed
What is the best structure?
I have the cash to start buying and holding single family and multi-family rentals and am looking to invest in 3-5 properties over this next year. I want to invest in different areas in the US depending on where I ca...
Drew Harris
1st House Hack Renting Rooms
Hey BP,
I'm in the process of purchasing a 5 bedroom 2 bath property owner-occupied. I'm in the Fort Worth, TX area. Any guidance on the following would be really helpful for me as a newbie in this:
1. What is best ...
Samantha Sayers
Partnering with VA-Loan qualifier
Hi All,I am a real estate agent with experience in property management, lease-ups, the airbnb industry, and the foreclosure market. I'm based in Seattle, and am gearing up to invest in my first property in 2017.I don'...
Jose Esquivel
Advice on moving forward
Hi there I'm relatively new to the bp forums and I am wondering on how to move forward. I am looking to invest in properties and must ask should I take a conventional loan out and build some equity and pull equity out...
Chungsoon Haw
Inlaw Suite in Condo Townhouse
Hi guys,I currently own a condo townhouse in Kitchener Ontario and was thinking of renovating the basement to become a self sustaining 1 bedroom and adding two doors inside the townhouse to separate the two units.The ...
Sarah Ottesen
How much to save for Cap Ex
Hello!When analyzing a deal, what kind of percentage or dollar amount do you put on Cap Ex saving. Currently, when I am analyzing a deal I put in a savings rate of $100 per month, not matter the size or condition. I...
Ade Babasola
Structuring a Syndication Group
Question on structuring a syndication group: I live in Ontario Canada. We do not have LLC option in Canada only Corp and LP. I am currently registering a corporation and was wondering if all deals purchased will be un...