Kenzer Hodgson
LLC or Umbrella policy
8 January 2025 | 14 replies
Most purposes that people on the BP forums are transferring properties to an LLC, would be exempt of the Due On Sale Clause.
Abrahm Dimmitt
Prop stream or Deal Machine?
17 January 2025 | 35 replies
Deal Machine is good mainly for D4D.
Kelly Taylor
Recommendations for a Self-directed Roth IRA Custodian - Equity Trust anyone?
6 January 2025 | 11 replies
If you're anything like me, customer service is the main draw for me when I am choosing any service provider.Look at websites, reviews and testimonials.
John ONeill
Confessions of a First-Time Flipper: What I Wish I Knew Before I Started!
13 January 2025 | 11 replies
I was 3 months into the rehab when I found out that I needed a whole other category of insurance (builders risk) instead of the homeowners insurance I got on the purchase and that for all intents and purposes, I wasn't covered if something happened.Its a little thing amongst the many things that occurred on that first flip, but I always look back and say "who knew" and know that I know now.
John Friendas
Maximum # of DSCR Loans Lenders Will Give?
9 January 2025 | 8 replies
These are business purpose loans so there isn't any sort of red tape when purchasing multiple properties at once or one after another.
Julio Gonzalez
Asset Classifications for Cost Segregation
7 January 2025 | 6 replies
I special purpose equipment setup.
Bob Asad
How do you prevent co-mingling of funds?
7 January 2025 | 24 replies
I would use quickbooks to perform bookkeeping for tax purposes.
Kyle Carter
Can I use the 1031 exchange to buy my primary residence?
15 January 2025 | 5 replies
@Kyle Carter You cannot directly use a 1031 exchange to purchase a primary residence, as the IRS mandates that the replacement property must be used for investment or business purposes.
Samuel Kim
Real estate professional status 750 hours doable?
17 January 2025 | 11 replies
Suggestions like driving by the houses weekly are silly, such trips serve no legitimate business purpose.
Andrew Katz
What year do I count income for?
15 January 2025 | 9 replies
For tax purposes, rental income is generally recognized in the year you receive it, not when it is paid.