Jose Petitfrere
Tenant wants to run a group home with adolescence who struggle with drug abuse.
A well-qualified tenant who works as a social worker wants to lease my property to help transition teenagers with drug abuse into society, while I support this cause and would love to be a part of it by allowing her t...
Eric Telese
Three Units but Legally Single Family
Good morning BP.There is a property for sale in Suffolk county, NY. One of my co-workers purchased it about a year ago, got divorced and now the ex is selling it. It is a single family house but has two units in the m...
Julian Buick
Is using a HELOC for private lending considered brokering?
If I take out a line of credit against my primary residence and lend it to someone for a fix and flip, is that considered brokering since I'm lending out someone else's money? If so, would a brokers license be required?
John Lusk
Investing in Kelowna
My wife's family lives in Kelowna (she's from Vancouver Island) and we travel from Seattle to Kelowna 4-5 times each year to visit. For a number of reasons, we feel like it's a good time to invest in the Kelowna real ...
David Ounanian
What tax benefits or implications should I be aware of as a real estate investor?
Real estate investors should consider key tax aspects for financial optimization and compliance. Given potential tax law changes, consulting a professional is crucial. General considerations include:Income Taxes- Re...
James Bakun
Quitclaim deed from personal name to LLC after completing a 1031 exchange
Hey All! My friend is interested in doing a 1031 exchange with an investment property. Both him and his wife currently own the property in their personal names and plan to maintain that ownership structure when sellin...
Josh Collins
Can I manage my friend's home as a rental w/o realtor's licence
My friend just took a job in the Netherlands and is moving to Europe in a month. He wants me to manage his property for him while he is gone. I have storage facilities and have had other rentals myself. I'm wonderi...
Tristan S.
What is the right structure for someone starting to make deals?
Hello,I am a beginner investor, recently closed on my first wholesale deal. Now that I am starting to generate income from real estate, I want to know what would be the best way to structure my business. I am located ...
David Rende
Pay myself as a management company to reduce passive income
I'm trying to figure out the best way to reduce my rental income. I considered a sole proprietorship management company but it just seemed that that wouldn't be legit - maybe it would but I wasn't sure. My other thoug...
Rohan D.
W2 and a General Partner in Syndication- Can I take my K1 loss to offset W2 Income?
Hi Folks,Need some clarification on this complex topic.There is a lot of discussion on these tax nuances in BP forums, so I am happy to read any particular thread you can point me to.Basically I have a W2 (above incom...