Geoffrey Jones
Buy and Hold Deal Analysis in Texas
I have under contract to purchase 2 properties in TX. Here are the two properties21530 Greengate Spring TX 77388ARV: 200000Price: 140000Repairs: NoneRent: 1800http://www.zillow.com/homedetails/21530-Greengate-...&...
Alexander Fichel
2 out of 5 year ownership requirement
I've searched this forum and googled and checked irs.gov, and still fail to understand this requirement about ownership. Everyone seems to ask questions about the residence requirement which I get. You have to live th...
Drew Wiard
Flip vs Hold/Rent with your Solo 401(k)?
Hey everyone!,I recently set up my Solo 401(k), and will soon be up and running! I am curious to know - what is your preference for your Real Estate dealings within your Solo 401(k)? Flips or Buy and Hold?
Joseph Gambino
LLCs vs. Umbrella Insurance for first rental
From everything that I've read so far on BP and abroad it seems like there is a questionable argument for LLCs vs Umbrella Insurance. So, let me start by saying I have my first rental property and am looking for the m...
Account Closed
Do I need to file a Partnership Tax Return if I am a co-owner?
So long story short, myself and another person co-own a property 50/50. We hold the property in our individual names. We have one property and after getting a rather large CPA bill ($1600+) for the 1065 Partnership ...
Matthew Paul
Price difference between 1954 and 2018
I bought a nice little 2/1 about a month and a half ago . Just finished it up today . I grabbed a bunch of papers left in a drawer in the kitchen. In it was the original bill of sale for the house from 1954 . With ex...
Ben D.
Sell or rent trailer house
Hey everyone. I recently bought a foreclosed mobile home for $27000 with .5 acres of land. I leveraged a line of credit paying about 7 or 8 percent interest to buy the whole thing. The question is whether I want to do...
Carlos Velasquez
I am in the process of purchasing my first buy and hold multifamily
I am making sure I do not make a mistake because this is my first buy and hold. It is a 3 family with a seven car garage (which I could eventually turn into an extra apartment) it is currently being sold for 220K and ...
Lester Walkowicz
Contractor labor costs
Hello everyone, I wanted to know if $30/hour in North Jersey is a reasonable or too high to pay a contractor for labor. He is someone I know that is very good. He just started to be self employed and has no real exp...
Henry Sims
Private Money loan
Hey, BP land, I have a quick question for you all. I have a friend who sold his mobile home park so he could retire. He wants to make a little more on his money than a CD will provide. I'm looking to scale my busines...