Luke Siecinski
How to write off real estate education course purchased on taxes?
Hello!In 2022 I purchased a real estate course and am wondering if it's possible to write it off on my tax return. I have just one investment property that I rented out Feb-Dec of 2022. Other than that I am a full tim...
Peter K.
Must 1031 Like Kind Exchange = Sale Price or Greater to Qualify?
Using basic numbers, assuming I sell a property for $10M and after cost basis is accounted for and mortgage is paid off, I have a net taxable gain to me of $3M.I'd like to purchase a rental lake house property for $1M...
Nicole Clemens
Advice needed- Wholetaling as a Realtor
Hi guys, I have read over some posts and am still trying to figure out answers. I was referred to a distressed seller by my attorney friend who knows that I am Realtor as well as investor. She said, 'Here is (well c...
Alex Gorges
I found a hidden treasure need advice on how to extract it
Ok so there's a vacant hotel in a Cleveland suburb. The hotel and the suburb will remain nameless because it will be easily given away to those familiar with the area. This is an old hotel built in the early 70's it'...
Tracy Selfridge
Help me analyze this land deal
I found a .99 acre lot for sale by a motivated seller. The land is in a small neighborhood with a few other lots and houses in the 150k to 160k range. The lot doesn't have a septic or well and has some small trees on ...
Justin Howe
Buying a Rental with a Friend
Hello BP,I have identified a property close to home that cash flows $150~ monthly after all expenses. My question is, is it a good idea to purchase a rental property with a friend? We've been great friends for 4 years...
Orlando Paz
Brain storming ideas for Mobil Home Investing partnerships
I met with a real estate agent today to view a single family handyman special. During our chit chat, he expressed an interest in investing as well. The one topic that caught his attention during our conversation, was ...
Marcos Sanches
Saving for a down payment
Hello BP family:I decided to invest in rental properties out of state using a turnkey company, from what I read seems like I will need about 20% down or close to 30k, so I decided to get a night time job part time as ...
Vaishal Patel
How can i show "Material participation" to claim passive losses?
So i was researching about passive losses and i found out that i cant claim passive losses if i dont materially participate in the property or (if i am not a real estate professional). How can you show material partic...
Account Closed
Right time to sell?
I bought a duplex in the general Portland Area back in 2015 and it has appreciated due to market + forced appreciation through a remodel by over $200,000 in the last 3 years. My income is $1600 per month after my mort...