Pierce Lovesee
Equity on the books after the property sale, can I deduct this?
Hello,We sold some properties in Oklahoma in 2019 at a loss. The properties were held under a single member LLC. After the transactions were complete, since the properties were sold at a loss and a positive net oper...
Jeshua Patrick
Hard decisions during COVID-19
COVID-19 has, as I’m sure is true for many, thrown some curveballs into our plans to say the least. My wife was studying for her RE license and got her test in the nick of time (think minutes difference between being ...
Christopher Vis
I NEED MORE RENTALS!! but.......
Hi everyone, my first post!My initial strategy was to buy a rental, rent out the rooms individually (separate lease per room), save as much as possible, buy another rental once I've saved enough, then continue the cyc...
Scott James
Would you rent to another landlord?
Hi all,I own a handful of rental properties free and clear in another city. I'd like to include the extra income in an application to rent a place myself, but I'm wondering if advertising the fact that I'm a landlord...
Brendan Scully
Selling to LLC for Capital Gains Exception
I have a rental that I lived in for two years. It has been a rental the last two years and I plan to sell it soon in order to take the capital gains tax exempt. However, I would like to keep it if possible. I have ...
Tyler Eastman
Tracking income and expenses
I am a new real estate investor that just closed on my first single family house two days ago. I am trying to get everything in order before I start renting it out. That being said, should I use an excel sheet to trac...
Jorge Abreu
5 Reasons Real Estate Is The Most Effective And Lucrative Investm
5 Reasons Real Estate Is The Most Effective And Lucrative InvestmentThe vast majority of people spend their lives working full-time jobs to earn a “steady” paycheck. Meanwhile, the wealthy have somehow unlocked the se...
Seth Robertson
BRRRR Method Financing??
Hi BP, I recently watched another one of the BP webinars hosted by Brandon Turner. I'm a little confused on how the BRRRR uses "short term" and "long term" moneyMy understanding is that you can use short term money fr...
Nicholas Broussard
401k Rollover Options
Folks,Are there any other options for utilizing my 401k besides a SD-IRA? Here's the situation, I was laid off last week, so I'm jumping into REI full time. I have other capital to use as well, but I also have to cons...
Bryan Field
Non QM Lender/fix and refi to STR
Hello,I'm under contract with a single family home in Gilbert, AZ and the house would make for a great short term rental. The house is being purchased in an LLC using hard money. Looking to spend about 65 - 70k on the...