Maugno M.
1099 Contractors refuse to provide SSN,TIN. Should i send anyway?
I'm working on my taxes and getting together my list of contractors I used in 2019. I have never done 1099's but as an LLC, I feel if i want to grow and expand I need to start. I called several of my contractors up an...
Bryan Hancock
Is the Economy Recovering…Finally?
Unemployment claims are inching down, the economy’s Q2 numbers were revised up a bit, and the sentiment in the articles I see all point to a recovery. Is this election propaganda or are we actually seeing what will...
Mitch H.
Driving For Dollars...couple of questions
Inventory in my desired market (Denver) is extremely limited. I decided to take it upon myself to start Driving for Dollars(tm), as they say. My first sweep was for duplexes in my own neighborhood, as this is ground...
Michelle T.
Bank wont allow my LLC to have a mortgage
Hi All!
Looking for some guidance/advice please. I would like to purchase rentals. I've set up an LLC and then went to the bank to talk about my plan and see what finance options I have. The bank tells me they won...
Ryan M.
Not Believing BP's Rental Calculator
So I am getting pretty frustrated here. Every property of the 20-30 I have looked at has been bad deals.For example check out MLS number: 72154014. It's a property I would be interested in buying, but at the price it...
John Thedford
Wrote Another Mortgage-12% Plus 4 Points-NO TENANT HEADACHES
For those contemplating alternate investments, I highly recommend considering hard money lending. I started in 2012 with little knowledge or information. At that time we didn't have Dodd-Frank to be concerned with. Fo...
Adam Pierce
Should I make my girlfriend sign a lease?
Hi BP,So I'm planning on buying my first home around the end of the year and I would like to allow my girlfriend to live with me. We have been going out for about 6 months and I was wondering if I should create a rent...
Allen B.
Tax adjustments after sale (Chicago area)
Hi, Chicago-area investors,As I move closer to buying my first multifamily, one thing I haven't been able to learn much about is property taxes. Specifically, how are they adjusted after a sale on the open market? My ...
Michael Glaser
County Tax Sales: How To Speak With Owners
I've noticed that a tax sale in a particular county I invest in has hundreds of properties listed on the county site. Weeks before this number starts to drop. The week of only a fraction of these homes are still on th...
Anna Smith
Depreciation recapture ... really?
We became accidental landlords ten years ago. It has been a terrible investment. We are thinking of selling it and am embarrassed to admit I didn't know about depreciation recapture till recently. WTH?
We would now...