Kyle Kelley
Real Estate License from Out of State? Possible?
I was wondering if its possible to get a real estate license in a different state from where I live?I live in California, but most if not all of my properties are going to be located in Ohio. Can I take classes and ex...
Jagadeesh Chandramohan
Depreciation Recapture
When you sell a rental property, depreciation recapture is taxed at higher rate.My question is do you owe the tax on depreciation recapture if you actually had no tax benefit from it during the years you were renting ...
Shuai Zeng
Am my cover in this contract?
The seller trying to sell a reo they purchase. But, with 90 days restriction, they going to do a Lease to own with me. I read through the entire contract, but will they refund my contract fee if they fail to deliver a...
Aaron Cayabyab
Correct me if I'm wrong
Hi BP COMMUNITY,
I have been learning about REI for the past year now and have been saving some cash in the meantime and now I want to jump in the game. If anyone has tips or advice on the things I should / shouldn't...
Adam Barr
House Hacking by Proxy?
Hi, I'm new to BP... still very much in the "gathering information" phase as I learn about real estate business models and investment strategies. I'm active duty military, and any near-term investment strategy I pursu...
Brenda Hedges
Do I really need an accountant?
I've been doing my own tax returns for over 20 years. Last year in addition to my regular real estate transactions as a real estate agent, I bought and flipped a SFR. Normally, I use turbotax business and have found t...
Adi A.
What is the market cap rate for C class properties in Atlanta MSA
Hi,I'm evaluating a mid-size (40 - 70 unit) MFH property in the Greater Atlanta area. Would like to know the current market cap rate for such Class C properties?Please let me know.-A
Account Closed
2% Rule/Test
Hello fellow Real Estate Investors!I was trying to wrap my head around the 2 % and how I can figure out which percentage applies to my market but now that I was testing the BRRRR Calculator I've gotten more confused, ...
Daron Williams
Do i need an EIN just starting out
So for the last 3 months i have been Investing in buying tax resale (stuck off) and wholesaling in texas.. i have purchased 2 lots that i have listed on the MLS and now i have my secoñd contract to go in escrow with b...
John Smith
Sub2 Mortgage but Parents Stay in House
Quick scenario: parents have about 20k left on their mortgage, paying over the next 5 years. Low income, barely break even cash flow. The house is in dire need of repairs. They don't really want to move, and we'd like...