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 ...
NA Jones
Glaring holes in our (long) plan? Please, evaluate!
Alright trusted and respected BP family... I apologize in advance for the length of this. I just realized exactly how long it is. Much appreciation for anyone who actually reads this mini-novel and has advice to of...
Account Closed
Advice for 18 year old
Hello, My name is Wedzervil Dominique yeah ik weird name huh, I’m currently 17 years old turnin 18 in 3 or so months give or take, I have little to no experience in real estate, with abt 4-5 total hours of research on...
Esha Addy
Self Directed IRA: Pros and Cons of using the money flip houses
I just resigned from my job and have a sizeable amount in my 401. What are some of the pros and cons of transferring the money into a self-directed IRA and then using that money loaning that money to your own company ...
Matt Hudson
Where is the Cashflow?!
Hello BP! I've been on the hunt actively for 7 weeks. I'm an impatient person (super high D if you're a DISC person) so I know I just need to keep looking. I've been outbid on 5 houses and most by a significant margin...
Kristian A moreno
How can my money grow as I’m saving up for my first purchase?
Hey BP Community!
I just finished reading Rich Dad Poor Dad, and I’m more motivated than an ever to make my first purchase. I’m looking for my next book now!
So this month I’ll be debt free, and I’ve been thinking a...
Angel Rosado
What can $5,000 do?
Is there anyway that I can begin investing as a buy and hold real estate investor with a mere $5,000? My rent in the Bronx is really high and it aggravates me that I have to pay someone for my apartment! I want to be ...
Samarth Patel
Estimating rehab costs
Hello,I am looking to do a BRRRR deal in Connecticut and looking to see how you guys approach estimating rehab costs on a property. I have come across a few BRRRR deals and have tried estimating the rehab costs myself...
Hank Olken
Ethics Around Reducing Tax Liability
Hi all, as I've been getting more into real estate investing, it's become quite clear that the US tax code favors business owners and real estate investors rather than W2 employees or self-employed business owners. On...
Andrew Abbott
Pay off Student Loans or Start Investing
Hello Everyone,First post on BP... super excited!My Question - Should I continue aggressively paying off student loans or start saving for downpayment?My Situation - 23 years old... roughly $10k remaining in student l...