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...
Jacob Gelinas
Airbnb in Rural Areas
Hi all,I found a property in rural Vermont that is very reasonably priced and I'm thinking about buying it as a vacation property. My goal however would be to essentially own the vacation property at no cost by using ...
Rob C.
Entity structure on out-of-state rentals and no CA franchise tax?
This topic is just in regard to California residents with properties *outside* of California. Assume a California resident sets up an out-of-state trust, which in turn is the only member (and manager) of an out-of-sta...
Angela Carter
Circumventing the Earnest money Deposit?
Has anyone found a creative way to either avoid having to put down the EMD or a source who might supply such when dealing with a bank? :idea:
I have a potentially AWESOME deal and need a creative way to get around ...
Harry Campbell
How Can I Take Advantage of Depreciation?
So I rented out my condo last July and I'm starting to look over my tax documents in preparation for filing. I've done a lot of research over the past couple days but to my understanding since I make less than 100...
Timothy Riley
My secret mentor hit me with an honest curveball!
My secret mentor hit me with an honest curveball!SDIRA Consultants, SDIRA Holders, Real-Estate Tax CPA’s, Attorneys, Chime in:First - my secret mentor is my attorney which sounds odd seeing that we have two differen...
Jack B.
Found a property in LV but worried about peak
This house barely cash flows. I worry about it being near the peak especially in LV due to the looming recession. With 85k involved in closing, it isn't an ideal time to buy if the market turns against me and I can bu...
Steven Rosenfeld
Struggling To Find The Path To Passive Income
I did W2 for 30 years as in corporate IT. Dabbled in real estate but never went for it big time - bought and sold a few primary residences and a couple of condos over the years. Now I'm 56 and hoping to never work for...
Account Closed
Is A College Degree Worthless These Days???
So many people are graduating college every year with tens of thousands of dollars of debt. Many of these graduates are having a hard time finding jobs that pay 50K+. It doesn't make sense to me to "invest" all of thi...
Isaac Pyle
Borrowing money from parents to get started?
Hello BP community-Does anyone have experience borrowing money from their parents to get their foot in the door with real estate? How did it go for you?Let me explain my situation. I am going to be a sophomore in coll...