Kenneth Woodall
How To Structure My Properties (LLC and write-off question)
I own a few properties (SFR, duplexes) in various states: CA (2 multis), FL (2 multis), TN (1 SFR). All are sole-proprietorship. Some are paid off, others have mortgages.1: How would you structure these in LLCs (I kn...
Clayton Cox
Real Estate Commission Assignment to Avoid Taxes
I’m an engineer (full time, W2) and a real estate agent on the side (Schedule C). I have 20 rental properties (Schedule E) that currently carry a passive loss of 300k. I am purchasing another rental property and will...
Ray Agosto
Online Advertising
I've been recently posting within the ads on craigslist. Daily i'll get one response per day if lucky, the main question i have but does anyone has a ad service they've been using or posting strategists to post and no...
Kynell Martin
How would a private or hard money loan look on paper
I have found a lender. But I am trying to do my due diligence on them. They asked me to fill out a application. I got an approval letter in my email with terms. They requested copy of my Id also. How does this sound ...
Rachel Mellies
Would you think scam??
We have a friend who uses a wholesale/turnkey type company for his property investments. They sell you the property for about 10k more then they bought it, then they have construction teams to renovate for you, then t...
Priya Srinivasan
Private Money Lending
I'm borrowing money from a private money lender to close on a quadplex. He mentioned he will transfer the money to my account and not the title company. Is that okay? Also this is my first time with private lenders. W...
Mohammed W.
Trustee Auction Research
Doe anyone out there have any experience buying at trustee auctions? Are there still deals to be had? I've been looking into it lately and wonder how much title research is necessary to be safe. I've looked into Prope...
Mark Aguilar
Real Estate license; Where to go to school.
Hello Everybody,I wish to obtain my real estate license. I hope that I could garner some information in choosing a school. I am in Los Angeles, CA. There are so many choices for schooling, i am sure some of the choic...
Liam Naughton
Well I just overpaid... Don't do what I did
A pipe burst at one of my properties due to the cold weather.I called around to get it fixed and ended up going with a referral from someone at my brokerage.RED FLAG #1: He sounded rushed on the phone, he was in the m...
Jennifer Asuncion
Fraudulent listing on Craig list
Hi there fellow BP people! I have a current dilemma that I am hoping I can get your advise on. I just found out today that my VR listing is being advertised on Craig list without my knowledge.A lady and her kids just ...