Ronald Perich
Helping a seller reduce their tax consequences
I really want to provide my seller with some options to reduce the taxes they'll pay if they sell me their property. By helping them solve their problems, perhaps I am their first choice for the sale. Here's a quick s...
Terry Madden
2% Rule
Hi All,
I'm new to real estate investing and am eager to obtain as much knowledge as possible. Currently, I own one property that I live in and one rental property.
One of the general rules I am familiar with is the...
Niti Jamdar
Rochester, NY rental market
Hi Everyone,Posting my first question here. I'm looking to invest in a multi-unit rental property. I was comparing various locations and found Rochester, NY strangely appealing on loopnet. It had a very high cap % (20...
Fabiola F.
My CPA & I are in a debate about how to categorize reno expenses
This is a case of where my accounting MBA background plus what I read online is in conflict with my CPA's knowledge. In filing my business returns (S-corp), my CPA seems to think that renovation expenses should go in...
Austin Montgomery
Can my Single Member LLC manage a unit owned in my personal name?
I have an LLC that owns three rental properties. I also have my personal residence that I am house hacking. I bought it with a VA loan, have lived in it 18 months, and am planning to move in a few months. I cannot mov...
Tony Nguyen
Experienced, but No Contacts - How to raise money?
Hello everyone,I've been buying real estate for over 10 years now and a few years ago decided to buy & hold multifamily apartments. I currently own & operate just under 100 apartment units in Florida. The last...
Nicholas Olson
Another New Member :0
Hello BP community,I'm a 29 year old lobsterman from midcoast Maine, with an addiction to traveling on sailboats. Two years ago I sailed my 40 foot boat down to the Bahamas for the winter and that experience changed ...
Kusum Chanrai
$3,500 for a flat fee attorney for a multi-family deal: Fair?
Hello! I'm in the process of signing a contract for a multi-family in Houston. The property has 24 unit. I've been given 2 quotes from solid lawyers. 1) $3,500 flat-fee: Includes review of PSA, title and survey work, ...
Timothy Casallas
Private Money to pay off Mortgage. Should I?
Hello BP,Heres my situation and my question:I bought a condo in Niceville Florida for 110k and I have a mortgage of about 80k. I am house hacking it so I have a roommate and make a great profit. However, I am leaving ...
Rob Hakes
Financing Turnkey Properties
Hello All-I have been looking into buying some properties with a turnkey company. From what I see, correct me if I am wrong, most of these turnkey outfits are selling their rehabs for quite a bit over 'retail' value....