Hi everyone, my name is Nick. I desperately want to build wealth in real estate. I just don't know enough. I'm 45 and now is the time. I've been to 3 day workshops before, and I don't have thousands of dollars to go t...
Hi all,I hope everyone is doing well! We are having some problems with a contractor who had employees working for him that caused material damage by starting an electrical fire and then threw water on it which made it...
Hi all. I'm a bit confused on this issue as I read about depreciation recapture being taxed as "ordinary income" then I see mentions of a "flat 25% rate". I have a 3 part questions:- So will the rate depend on your ...
Hello,I'm interested in information on tax lien investing. I live in Georgia. Can anyone direct me to books, blogs etc that provide REALISTIC insight on this subject?Thank you!
Hi BP,Wife and I purchased a duplex in NC on June 13, 2014 lived in it until September, 2015 (15 mts) and rented it out for the remainder; we've owned it for a total of 29 months. We moved to Florida for work. Can w...
Hello Everyone. Can anyone speak to the types of items which I should buy or expense in preparation for next year's tax return? I started my LLC last month and have 2 properties in Memphis in it, but not enough to mer...
A week ago I finally began marketing in my area. Today I saw the first fruits of that labor with 3 potential leads, the last of which was my first phone call from a sign that I had posted! The gentlemen asked if I bou...
I will try to summarize my thoughts so that BP community can weigh inI currently own 2 rentals, one in my local community and one in Austin, TXThe Austin property has anywhere from $75,000-150,000 in equity depending ...
hello, I am new here and interested in rental investments. totally new and reading all kinds of information on the subject I have come up with a plan. I have a property that I own free and clear and I have been debati...
This week in Atlanta, my partner and I closed a $45,000 assignment on a wholesale deal.This deal was brought to us by a newer wholesaler who was hoping to make a few $G's on the deal. In fact, he would have been thri...