As I have grown in my REI journey, I have been able to join a Massachusetts based group of 55+ real estate investors of varying backgrounds. Recently I sent a thoughtful email to the group about my desire to build a l...
I am new to the field of development and am wondering how the more experienced BPers got the financing for their first deals? Did most of you have large down payments of your own available to get financing approved? o...
Okay! Sorry for the long post, but please bear with me. I'm trying to provide as much relevant info as possible.So, over the last 3 years I purchased one Single Family at $30k (current debt $24k) now netting $11.5k in...
I need the best advice on this board without spending a fortune setting up llc's with an attorney's office. when I called the local attorney's office I'm hearing anywhere from $100 an hour just to talk and $750 retain...
Hello BP folks! My name is Marlon Alonzo Thomas Jr. I live in the Hampton Roads area of Virginia, specifically in Williamsburg. I am 19 years of age, and I have been interested with the idea of finding a mentor and in...
Hi BP world, I am currently not taking a home office deduction since the entire space I use in my primary residence for my rental business is also used for personal activities (computer, file cabinet, office desk). A...
I'm looking to invest in rentals. What would be some pros and cons to getting a real estate license?
Hello BP, first time poster here, and long time podcast consumer. Have listened to BP podcast for a couple years and finally things came together to purchase my first true investment property. It was a 1031 exchange ...
Hello! I've been doing some googling to try and figure out what the difference between a direct lender and a mortgage broker is. So far, I've only discovered that "Direct Lenders" can be cheaper than "Mortgage Broke...
IRS peeking into your income, Realized Cap Gains Increase, UNREALIZED CAP-GAINS TAX, DEATH OF THE 1031 EXHANGE AND MORE!!!
(I AM NO CPA AND THE FOLLOWING ARE MY VIEWS BASED ON MY INTREPRETATION OF THE ATTACHED DOCU...