Colin Coats
The decision to take equity out of my house or not.
Hello BP world,I wanted to reach out to the community to see if someone could lead me into the right direction. I am getting closer and closer to my first purchase, of a rental property, and i wanted to know some opin...
Keena Lawrence
Credit Uturn Mobile App
Has anyone tried the Credit Uturn mobile app that automatically sends dispute letters to the Credit beuros on your behalf in an attempt to remove the negative accounts on your credit report? I have heard that it is mu...
Account Closed
Question about BRRRR calculator
Is it ok to use the 70% rule to come up with a purchase price for properties with an ARV of 100k or less when using the BRRRR calculator?
Isaiah Williams
Can I buy my house with my LLC and "Rent" it out to me?
Hey there everyone! I really need some advice on this topic and I would sincerely appreciate anyone's opinion on it! Thank you in advance! OK so here's the deal. I bought a 3 bedroom house, but I'm by myself and th...
Kurt Granroth
Determine Adjusted Basis and Sale Price from LP K-1 After Sale
Let's say I was an LP on an apartment complex that sold this year and while answering TurboTax's questionnaire, it asks for two very fundamental bits of information - the Adjusted Basis and Final Sale Price. As basi...
Frank S.
Cost Basis after Cash Purchase
Hi BP, I read "Every Landlord's Tax Deduction Guide" by NOLO, great book. I have a question regarding the cost basis for a property. Purchased: 69K, mid year during the tax year. Market value was about 85K.Tax Asses...
Stephanie Medellin
Building up cash in a self-directed IRA
I'm just starting to research self directed IRA's. Do they have the same annual investment limits as a regular IRA - about $5500/year? If so, if your plan is to invest in real estate with the money in your IRA, what...
Lucas Miles
Facebook For Rent Posting Being Blacklisted by Facebook
Our management company keeps getting blacklisted from posting "for rent" ads on Facebook marketplace. In our area, Facebook is the #1 tenants find a place to rent, so this is a major issue. What we have tried:1. Creat...
Michelle Hadian
Under contract for STR with DSCR... Now what?
Hello! We just got under contract yesterday for our first STR. We found an off market cabin in the Smoky Mountains, and it's a fantastic deal. But... now what?Do we form an LLC before closing and open a checking accou...
Alex Kamunyo
Real Estate LLC Advice
Hey everybody,Does anyone have any advice for starting an LLC with partners? Our intention is to create an LLC to hold a few rental properties in. What should we make sure to include in our LLC as far as operating agr...