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Hello BP Members!I am in need for some honest guidance as to protecting my assets before I start my real estate business. I've gotten some mixed opinions in protecting my personal assets: create LLC vs. purchase more ...
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Hello, I recently bought a small store just outside of LA, and my accountant was telling me if I wanted to save some money on my income taxes for next tax season, I should consider a Cost Segregation Study. He told me...
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There is some deferred maintenance tenant want me to take care of in the bathroom and kitchen in a 2 bedroom/1 bathroom house. The work should take about 4-5 days. The work is pretty extensive so I want tenant to move...
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Hello,
There are some attorneys doing videos suggesting each and every rental property be in an LLC and they recommend Wyoming LLCs. One refers to a woman who lost all of her rental properties and personal home be...
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Unless someone can prove otherwise, I’m fairly certain I was just scammed out of $3,400 by a supposed “Lead Provider.” I’m sharing my story so everyone can be aware and hopefully avoid the same experience.
I received...
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My offer just got accepted on a 3 unit place. After looking closer I realize there’s only 2 addresses and Redfin has it listed as a single family. Im told all units are permitted and the “unit” that doesn’t have an ad...
And We’re Off! (Part 2 of The Breaking the Appraiser Series)
There is a Strategy
In the inaugural edition of the Breaking the Appraiser
series, a call went out to all real estate owners and syndicators. It was mad...
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I'm in the middle of a cash out refi. We got the results of the appraisal back and it was significantly lower than what I expected. I had hoped for 145, expected it somewhere between 135 and 145.... and got 115. Some ...
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Hey everyone!My wife and I are starting our investment journey and have our heart set on Anna Maria Island for our first STR/BRRRR. We fell in love with the island as a family and know it pretty well now. We recently ...
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The apartment below mine reported a ceiling leak. I’ve thoroughly checked my unit, and there is no sign of a leak coming from my apartment. At the time of the leak, my tenant was showering, but everything around the b...