Amy E.
LLC Tax Forms (K-1, 1065, 8825, etc)
This is my first year doing taxes for my rental business. I have three properties in an LLC with a partner. I do my personal taxes myself with TurboTax, but I don't have anything quirky going on with my personal fin...
Account Closed
HELOC For Down Payment
I have a 31k HELOC @ 4.75% on a rental. No cost to me. Cash-Out-Refi is 7k closing cost for only 17k. Don't want to bother.My plan is to use the HELOC as 20% down for a Conventional Investor Loan to acquire my 3rd ren...
Mike M.
Annual Bonus Check - Changing Witholding to "Exempt" a bad idea?
Hey all,I have a regular W2 job that provides a substantial bonus check annually. Over the years I have heard of gossip that changing my withholding for this single paycheck is the best tax strategy. My employer combi...
Ben Traxel
Property Management Fees
In the process of buying a 12 unit apartment building and will be my first time hiring a property manager. They say their standard rates are 10% of income, 1/2 of first month’s rent for all new tenants, and they charg...
David Ivy
Austin Market Update - April 2023
The April 2023 real estate market numbers are out from the Austin Board of REALTORS® (ABoR). The median home in Austin sold for $565,000, which is down 11% from April 2022. The greater Austin metro had a similar year...
Davon Velasquez
How Did You Start Out?
How did you all start out in real estate? Did you buy a home, take the equity/appreciation from that home and bought another? Was it like a "snowball effect"?How much money did you start out with? Where did you go to ...
Mark Davis
refinanceing a rental property
Hello, I built a house three years ago that I currently rent. My plan was to refinance into a 30 year mortgage and pull some equity out for my next real estate deal. My bank has told me that since I put the property ...
Leah Bonner
Raising private money for apartments
I'm really interested in understanding the power of "Other peoples money" I've been seeing and reading that there is NO shortage of money you just have to find it.When pitching to private lenders is it a smart path to...
Jose Garcia
New from Miami
Hello All,I am a newbie real estate investor that is looking forward to learning the business and move forward with my goals. I would like to get into Multifamily rentals and also plan on learning a strategy that can...
Bo Goebel
Consequences of being a Realtor and REI
Hey BP,I have talked with several investors who advised me to attain a real estate license as a means of gaining access to the MLS and as a means of improving credibility. I am not interested in working as a tradition...