All Forum Posts by: Jeff S.

Derek Gilbert - Welcome to BP! Be sure to set-up keyword alerts so you can be notified when a topic is posted you are interested in. I'll keep you in mind if I see anything good in those areas.

Jonathan Cubeta - Welcome to BP! Be sure to set-up keyword alerts for topics you are interested in so you can alerted when they are being discussed. (Example: Connecticut, property management, etc.)

Andrew Stevenson - Welcome to BP! It's good to see another Okie in the crowd.

That sounds like an installment sale. And even though it's non-interest bearing there may be reportable "unstated interest" (confused yet?). You will have to separate the payments into: 1. the return on your adjusted basis in the property; 2. the gain on sale; and 3. the unstated interest. And then report that on Form 6252. Check out IRS Pub 537 for an overview of how to break it out. What was the original use of the property? Your home, a rental, spec house? Installment sales can be complex if you are not familiar with all the moving parts, so consulting your tax accountant to see your potential tax liability before initiating the transaction would be the next step here.

-didn't see John's post until after I posted :)

Good stuff, thanks for sharing Deborah!

Justin Hughes - Welcome to BP! Be sure to set-up keyword alerts so you can keep up on topics you are interested in (example: wholesaling, oklahoma, etc.) See you around the forums!

JJ - Those are all good reasons to be a cash buyer. Good luck and I hope to see you around the forums!

JJ Gritts - Welcome to BP! Ditto on Zach's advice. Definitely throw out some numbers on any potential "deals" you come across and we can all help you figure it out. How do you plan on financing your flips?

Hollis, I'm no expert on UBTI, but there were several forum threads discussing it. Just type UBIT or UBTI in the search bar. The thread below may be of some help to you.

http://www.biggerpockets.com/forums/51/topics/80278-ubti-on-sdira

Chris Martin, thanks for sharing the alcohol study. The findings were surprising, especially the parts about people with higher income and education.