Michael Plaks
Sch C reporting of installment sales for residential lot dealers
I usually answer, but now is my turn to ask.Dealers of residential lots are allowed to use installment sale method. If said dealer operates as an S-corp or partnership - reporting is fairly straightforward. But what i...
Paige Clarke
Empty Oil Tank on Property- Meaning?
Hi BP,I am looking at a property that has an empty oil tank. What does that mean? Am I obligated to do anything in the sense of removal? I know I need to disclose this information if I were to sell, anything else to b...
Corey LaRocque
Freeze damage SFH - Lending bank requires turning on water for appraisal
Hello, My husband and I are in the process of purchasing our first investment property. It is a bank owned SFH with an electric boiler. The water service has been shut off on the property due to freeze damage. We ...
Brandon Malone
LLC (Avoid direct connection back to me)
Hi All,I know several conversation have taken place on the formation of an LLC / Trust for investing in buy and hold properties. Many have stated that you can do this yourself. However, I'm curious to know how you set...
Mariska Weaver
Land Purchase for Tiny Home Rentals
Hello,We have been brainstorming on what to do for our first Real Estate Investing venture. I have been fascinated with the "Tiny Homes" concept for while now and have seen many little tiny home villages pop up in dif...
Zach Lehman
Investing in Real Estate House vs Apartment
I am currently a college student graduating in Spring 2020 and just want to get a head start. I would love advice from experienced personnel in this topic. I am currently really considering in investing in real estate...
Seth Wilcock
How Much To Pay Out of State Realtor - BRRRR?
Hi BP Fam,
Context: I'm working on my out of state portfolio and am primarily focused on BRRRR. Since I'm out of state, I'm working with a Realtor as my boots on the ground to help me physically look at properties a...
Mitchell Wyatt
Work with only one lender?
If I’m planning to BRRRR do I need to work with the same lender for my initial loan and the refinance? For anyone who is an expert on BRRRR please give me some insight into how you structure your financing.
Navroze Pirza
Ontario Canada multi-unit in corporation or personal?
Looking to get some feedback. I own a few multi unit properties - all of which are under my personal name. I’m wanting to make sure I’m insulated from any risk (tenants hurting themselves, personal liability etc) by ...
Corey Davis
Interesting cash flowing property
So there's a nice condo with view in the perfect part of town, priced to sell a little under value(160k) no rental cap, other units in the building renting at 1,100-1,600. Can't finance because there's no rental c...