Zaid Badabwan
203K mortgage and renovations
HelloI have made an offer to a property using 203K loan to buy and renovate the property. I have come to know that the contractor should be approved, and I have some questions:1. Can I take only the purchase part of t...
Muhammad Akhtar Shiekh
Looking to buy my first rental property! please help me think clearly.
Some background:- I bought my primary residence in Frisco, TX in 2019 and then I moved to CA last year and rented out this property. So now I live in CA and manage my rental remotely.My goal:- I have 120K cash that I ...
Kiah McBride
Are STRs & MTRs Considered Active Income? Do they need Separate LLCs from LTRs?
After having a consultation with a company that sets up LLCs, I'm now questioning if I truly have the right LLC formation for the purpose of my business. For context, I created one LLC to run a mix of STR and MTR prop...
Jacob Straussen
question about taxes for 3 people owning a duplex
my two business partners and I just closed on a duplex. the plan is to house-hack. two of us will be living there as a primary residence but the third person will not be there. however all three of us are on the ti...
Daniel Murphy
Oddball youtube / rehab tax deduction question
I've had this question in my head for a while and figured I'd finally ask it. Let's say you created a youtube channel for the purpose of creating a following & eventually making a profit. A DIY maker type channel...
Melissa Man
Protection from being sued
What do you all do legally to protect yourself from being sued by your tenants.
Kevin M.
Appealing Zoning Board of Administration Hearing to CCP
BP Family,Wanted to share some specifics of my journey of applying for Single Room Occupancy (SRO) and get some advice for my pending appeal.ApplicationBack in September 2019, I applied for a Use Permit for Single Roo...
Account Closed
How did you build your financial independence?
Hi All!
I wanted to know if some of you would be open to share your success stories of building your real estate investments, advice you wish you knew when you started off, and the journey it took to get to where you...
Dan Meier
Direct mail to homes in foreclosure
I have sent less than a couple dozen letters to homes in foreclosure where the sales date at the court house steps is already published. Since I get the information about a month before the sale date, I get 3 mailing...
David Singyee
Turnkey, 9-5, and freelancing. Am I wrong?
Hi BP fam,
I'm a 24 year old kid who loves his job in digital marketing analytics and also freelances projects in the field on the side. I have invested a lot of time and money into my education about REI on both the...