Hello Everyone!

I have been wanting to get into real estate investing for over a year now. I have done all the research and I am ready to get my feet wet. I have come across a duplex that 79K. 100% occupied with 1400...

It has been a while since I've posted.  Here is what has been going on behind the scenes. Started a refi on my personal residence with a cash out option back in April.   This was going to do 2 things for me; 1st get m...

Anyone out there has any experience or results with forensic loan audits?
I know companies that start doing that, but I don't know about any results as it is take a very long time to finish it.
:roll:
I know how is...

Recently, I've decided to do a cost segregation study on a new $490K property that I purchased this year.  I came across a firm (KBKG) that offers a $400 DIY cost study (paying for a membership).  I enter the informat...

Hello BP family, I had question about 1031 and reverse 1031 exchanges. I know this is  an oversimplification, but coming from a legal background Im trying to understand whats going on in a 1031. My impression of the p...

When most of us think of having the IRS audit us, we get anxious. Audits can be very expensive, invasive and ultimately time consuming. Some audits are inevitable. However, there are multiple preventative measures tha...

Myth 1. IRS audits are very common / IRA audits are so rare that you can forget about them
The latter was true during the recent Covid years. We recently had an under 1% audit rate. However, two things are good to re...

The last couple deals I participated in were funded through my wife's Solo 401k. They were easy to initiate (only needed a mortgage, a note and a trip to the bank to send a wire) and to finalize (received a check via ...

As I’m preparing my taxes on turbo tax again this year for my 10 SFRs, I was curious to hear what people’s experiences have been with the IRS on an audit. Chime in if you’ve ever had one for real estate investments an...

I have never purchased a home before so I am wondering if the conventional mortgage preapproval process is similar to an IRS audit. For the preapproval, what if bank statements and tax returns don't match? Do they che...