Roy Williams
Real Estate Professional - IRS Audit
Hi Folks,
Our friends at the IRS are auditing my 2009 return, mostly because of my real estate professional designation.
I have a full time job and the rentals take up all of the rest of my time and I easily spend mo...
Herm M.
Meeting the BPO Agent....
My recent BPO from WaMu was a drive-by, they didn't check the inside of the home.
I've been told that the next one will also be a drive-by...they don't reveal when it will be done, and there's no appointment set beca...
Lei Pan
Why investors dump their Milwaukee low end rental properties?
I have done a lot of studies of listed Milwaukee properties, particularly those listed below $50k. I am surprised to see a couple of investors are unloading their properties by selling in bundles. Their properties a...
Account Closed
20 Yr. Old Investor: Got My First House Under Contract! What now?
Hello BP!!!! I have waiting for this day and it has finally come. I have got my first wholesale deal underway and I have got a house under contract!! I am excited but anxious at the same time as I do not know where to...
Ben Leybovich
Are Brandon Turner & Ben Leybovich Still investors?
You know that @Brandon Turner and I talk like high-school girls. Like every day... You could say he is my significant other:)Well - we were talking yesterday. Discussing whether we still have any credibility. He ...
Alec McGinn
Grant Cardone says go bigger!
I listened to the bigger pockets podcast episode with Grant Cardone today while at work. The number one point I took from him was to go bigger. Just when I think I have my investing strategy figured out starting out w...
Matt Gilroy
What's wrong with just cash flow?
BP, Minimal or no appreciation, lower overall values, hit or miss area but constant cash flow. Is there a problem with this? My strategy is to replace my income with rental properties.Slice and dice it!Matt
Thomas Jones
The New 20% Pass-Through Deduction and You
The IRS issued more guidance on Wed, Aug 8th on the new Sec. 199A 20% pass-through deduction. But many taxpayers are wondering does this apply to real estate activities as well.The 20% deduction applies to Qualified ...
Jon Hill
My goals for 2020. What are yours?
One the things I learned from BP that I love the most is the goal setting for the new year. My fiance and I started this last year and really enjoyed it, for not only personal goals but couple goals. So what is everyo...
Jon K.
(Current) Tenants say the dumbest things, too...
So, your tenant made it through the screening process and moved in.
What kind of dumb things are they saying now?
Petty requests?
Requests to remodel?
Requests for upgraded appliances?
Whining about the internet...