Kyle Neff
LLC - Must have or nice to have?
Hello BP Community! I am considering investing in both residential multifamily properties as well as some 5-15 unit complexes. Do I need an LLC when moving forward with a commercial property in that unit range, or is ...
Charles May
Client wants us to be Chip & Joanna Gaines...sort of
To all:I recently finished a flip, after it was done I had a friend who saw what we did told her sister (who apparently is in the market for a new house this summer) and now the sister wants me to do the same for her....
Kimberly T.
Considering doing a Reverse 1031
Just looking for some feedback on what we are considering doing here to see if there's something I'm missing.We currently own our house and a triplex in CA, along with some fourplexes in AZ and CO. We plan to leave C...
Max Sherman
BRRRR deal gone sideways
Hi folks,
I'm looking for some advice on what to do here, maybe someone has been in a similar situation?I'm an out of state investor trying to BRRRR in Lexington Kentucky. I bought a pretty distressed SFH for $90,00...
Robert Ferrar
Deal Analysis: Multi-Family (Easton, PA)
Hi All - Thanks in advance for any suggestions / insights / recommendations.
My partner and I have crunched the numbers and it looks like a good deal to us, would like the greater opinion of the BP community. I plan...
Brian Toy
What red flags to look for as a Limited Partner in syndication?
I'm exploring being a Limited Partner in an apartment syndication. In general, what are some red flags or specific things to consider? Is there an element of trust that is needed at the end of the day because you ar...
Tory Sheffer
Cost Segregation Study for Taxes
We just completed taxes for 2020 and with cost segregation study for one property we were able to write off $640k in depreciation for 2020. We paid $1.97M for this property and closed in 4th Qtr 2020. With our structu...
Jonathan Stone
Leaping Hurdles to Close My First 2 4 Plexes 100 Miles From Home
BackgroundIn 2010 I bought a bank owned 3 bed 2.5 bath single family property using an FHA loan which required a 5% down payment. The purchase price was $73K so this equated to approximately $3,700 out of pocket. Dur...
James Brewer
Better to buy two fourplexes or one small apartment building?
I'm new to REI and targeting either two fourplexes or one small apartment building out of state as my first buy and hold properties? Is a 6-8 unit property better to help me scale and grow the business faster to event...
Evan Kraus
Checkbook IRA Representative
I currently have a Checkbook IRA that I invest in Mortgages.
Since I started the process I have had some issues with the company that set up the IRA. They are not the Custodian but only a representative. Once...