Hi all - thank you for any advice in advance! I am new to the forums and have already learned so much from everyone's contributions.Here is the situation: My brother is eager to use his savings to invest in a house h...
I've already contacted 2 custodians on this matter and one says it's ok and the other says contact a CPA or lawyer. I've reached out to both but figured I'd ask here too. I know it's a confusing subject so I'll try t...
This post is inspired by three deals in Spokane, WA that I found in the last month, all of which I would have jumped on, that were all-cash fix-n-flips. Since I am new I do not have a large pot of cash to use, so I am...
Hello, Everyone,
My name is Gerard Magee. I’m an active duty military member of the Air Force that recently caught the real estate bug after reading several Rich Dad, Poor Dad books as well as Brandon Turner’s Rental...
Hi BP members! I had a tax question that I can't seem to find any info about online. The CPA's I've spoken with haven't been very creative in helping come up with solutions. A close friend of mine took a large capital...
Hello everyone! I am fairly new to BP and Real Estate.
I live in Omaha Nebraska. I am 22 years old, recently graduated from UNO where I studied Business Admin with a concentration in Real Estate. I have been working...
Hi there so I'm looking for a Outstanding Mortgage broker who can assist me long term with building a Portfolio in Arkansas. This is the challenge, company is a US company with 3 years trading accounts. the owner me i...
Hi,Long time reader and first time poster here. I am a recent college grad who has super thankfully just begun a relatively high paying job. Alongside 5 other capable friends who are from my school and also in my ge...
Hello! I just bought my first deal a little while back and have people interested in my next deal. How do I raise money? PPMs & Term sheets? How do self directed IRAs work? Open to any and all suggestions!Matt
Hey Everyone,This is the first year we will have rental property on our tax returns. I'm familiar with W2 income and income from our other businesses (LLCs). However, I'm not clear on the active vs. passive rules wh...