What’s up y’all. Shawn the Newbie here. Me and 3 of my friends have pooled money together and starting a real estate investing company. We spoke with one accountant who suggested we become a nonprofit as opposed to LL...
I’m a college student currently enrolled in drafting and design but I have been seriously debating switching to construction management. I currently have no real construction experience but I noticed CM is more planni...
My goal other than Wholesale is to house hack via multifamily. I've been networking for some time now and a co-worker of mine noticed my "we buy houses" car magnet and told me about a property he and his girlfriend in...
Hey Y'all, this is my first time on the forms but I have been listening to the podcast for around 4 or 5 years now. Great Stuff! I have 2 rental properties I got in 2011 but I have not bought anything since, mainly be...
Well, I almost fell for it! A couple of weeks ago, I heard Larry Goins speaking on another guru's podcast about HUD homes. I checked out Larry's HUD website and ordered the Free book with several "bonuses'" A few da...
I have been looking at homes that are at just 25 percent of their 2004-2006 sale prices and are now 100k and under. I only have 20k in ready cash and am looking at 20 percent down.
...
Introduction
This complex topic has been discussed on many BP threads, with persistent misunderstandings and misrepresentations. Many investors fail to grasp the fundamental principle of taxation: you cannot, based o...
I have been doing my own taxes and have a large amount of Passive Activity Losses from my rentals, don't want to mention the specific number but it's a lot in the thousands. I'm a W2 employee, all long term rentals, n...
Alright, I just read a post from a guru pitching services on BP. I did not want to respond with what I really think, but let me tell you my story here instead.
In 2007 I went to a RichDad seminar: after the free Thur...
Sorry guys, in Clint fashion, this is another long post, but there is some gold in here if you’re willing to dig for it.It’s been a while since I posted, but in response to some questions about this, I thought it migh...