Tatirah Glenn
Newbie in Eastpointe, MI
Hello my name is Tatirah Glenn and I am 33 yrs old. I am currently a stay at home wife/mother who works from home for a virtual call center. I am a newbie to BP as well as the real estate world. I have always been ...
Nik Parks
My spouse has no credit
Hey guys!
I couldn't find a forum that answered my question so I thought I'd start a new one.
This is kind of a long term question:
My plan is to buy a multi family home via an FHA loan. I live in New York City so ...
Anthony J Ruma
Proper way to get money back out of a BRRRR home
Hey BP family, I have a question?I am under contract to purchase my first rental property. I pulled $50k out of my current home, as a heloc. I am then getting $300k from a hard money lender to purchase said off market...
Daniel Kent
Taking a loan from an LLC partner
Hi all and Happy New Year!Hopefully this isn’t too confusing....My partner and I own a single family rental in an LLC. Let’s call this property 1. He has 75% equity and I have 25% equity, as we both contributed capi...
Gabrielle T.
Active income LLC tied to a Solo K also used for passive income
Hi everyone, there's something I'm still confused about after talking to different people and reading through BP posts. I have a Solo K tied to an LLC, taxed as an S-Corp, that I set up for active income purpose - mea...
Sherilyn Spears
HELP!! REO Owner Occupant (or not?)
Hi all. I'm in a frustrating situation that I would love to get some opinions/insight on!I have recently submitted an offer on a foreclosed property that has been on the market forever. The MLS description even descri...
Account Closed
what do I send to my independent contractors as far as a tax form?
In 2014 I hired a few local guys that worked for me as an independent contractor. They made over $600.00 for the year. I had them fill out a W-9 as well as a independent contractor agreement. Now that this is January ...
Victoria Kairova
Analysis Paralysis - How to start with the BRRRR Method?
Hi BP Family! I'm a newbie in the REI community but I am so excited to become a part of the BP Family! This is my very first post and reaching out for some guidance and expert opinions please!!
Have you ever been st...
Justin C.
simple bookkeeping question - credit cards
If I charge $500 at Lowes for supplies and list the entry as a supplies line item, then where does the credit card payment go? Can't wrap my head around this one.thanks in advance
Peyton LaBarbera
Question about cap rates
So this confused me a bit... I saw a listing for a 15-unit apartment building that is for sale and the property has a 5.3 cap rate, this isn't the issue.
The issue is in the listing description the agent said the bui...