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My friend put me in touch w/his friend who is an investor (and trying to raise money). We talked on the phone yesterday and he sounded like a knowledgeable guy. He then emailed me an "Investment Summary". I can't f...
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Quick questions about DTI. My LLC, which is a separate business from anything real estate related, consistently makes about $3,500 a week in profit, but as the sole member and owner of my LLC I am on the payroll at $1...
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The end goal is to own 63 properties in 7 university markets with nearly 3,000+ beds. However, the addressable market still consists of more than 6.3 million students in 280 markets, based on my target market of Histo...
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Biggerpockets community I have a issue and I'm looking for my first investment property. I want to hold this property as a rental for as long as possible. My bank has me approved for 215k but I want a home in the 100...
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Hey all,Looking for some advice on how to set up and structure a partnership for flipping and recommended stakes. The group would be another investor and myself. We're at least responsible for the deals and funding po...
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Hey all,
I have been doing some learning about tax implications for owning rental properties and I had a question.
Its my understanding that you can carry over net operating losses from year to year basically indefi...
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Hi everyone - I recently purchased a property and at the closing table I noticed that the amount on the mortgage was significantly higher than the promissory note. I've never experienced this before. They've always b...
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Interested to see how other investors are mentally and physically preparing for a reversal of 1031 exchanges. How are you altering your future estate plans if this goes through? Investors currently pay a 23.8% top ra...
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I have been searching for off market deals or awhile but when it comes to send an offer on it, I don’t know what is the right price to offer for it, it doesn’t just have numbers listed for you and the owner just want ...
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Hello BP Friends,I just closed on my first multifamily property (out of state) and one of the units is currently occupied with a month-to-month tenant. I have mailed a formal introduction letter letting them know how...