Olayinka Adewuyi
Hello BiggerPockets! New PRO here
24 July 2024 | 2 replies
I am actually a novice on this field, l have a property for short let and vacation rental in Kissimmee (Florida); and I actually want to take up the management of the property myself and needs help on how to do this.Also, l need a nice, cheap buildable land or a nice cheap reformable/redeemable house within or around Kissimmee.
Rich Solano
1031 Exchange Question -
9 July 2024 | 4 replies
In this scenario, each member doesn’t actually own real estate, they own a business (that owns real estate).If that is the case you have two options: 1) The LLC performs the 1031 exchange and continues to achieve the goals of the managers through changes or details added to the operating agreement and subsequently consider dissolving the LLC. 2) You dissolve the LLC and reform as Tenants in Common *prior* to the sale of the property.
Andreas Mueller
Is the 1031 Exchange at Risk? Inside the Court's Chevron Decision.
10 July 2024 | 0 replies
One of the principal industry concerns about the vast power granted to the Consumer Financial Protection Bureau was that these powers were too insulated from review….The ruling sends a crystal-clear message to federal agencies that their powers are not unlimited…We would not be at this point today if government agencies were more prudent and consistent about staying within their statutory authorities, grounding their rulemakings in empirical facts, and heeding appropriate procedural safeguards…Instead, too frequently, our regulators appear to be chasing headlines and short-term political wins.”National Association of Homebuilders - “Today’s Supreme Court ruling is an important step forward to advance meaningful regulatory reform because it means that federal agencies can no longer continuously change the law – and the intent of Congress – by implementing their own interpretation of statutes as long as the interpretation is viewed as being ‘reasonable.’
Gerry Cohen
DO NOT INVEST with SCOTT CARSON (We Close Notes) or Inverse Asset
10 July 2024 | 256 replies
It casts a dark shadow on an already struggling industry and opens the doors for more reform and regulation.
Melissa Faraias
Should I rent to a tenant who is a convicted felon?
28 June 2024 | 16 replies
I think the background check would give you a good idea if this person is a repeat offender or someone who committed a felony did their time and reformed.
Laura Yazdi
Expensing Moving Costs
25 June 2024 | 3 replies
Here is why there are no responses to your question: it's tricky.Prior to the 2018 tax reform, there was a deduction for personal moving expenses.
Joseph Davini
Florida's trends and hypothesis'
24 June 2024 | 8 replies
My understanding is that the government passed some reforms making the market more insurance friendly at the end of 2022 which overtime is suppose to support the market.
Kali Mathieu
Wholesaler to be . Here to connect
31 May 2024 | 2 replies
Too early to say whether the licensing and legislation/reform that's slowly being introduced across the country will clean up the perception but currently this is how many in the industry (particularly the ones you want to build relationships with) view the RE wholesale industry.
Gordon Vaughn
The Best Kept Secret For Bidding On HUD Homes
5 June 2024 | 274 replies
@Greg H.Account Closed Greg Jim is not a happy camper with the real estate industry as a whole he has put up a post on what he believes are the steps to reform the industry..
Kai Sato-Franks
Dave Ramsey recommends buying everything with cash!
30 April 2024 | 140 replies
@Elijah F.Dave Ramsey was one of many investors who was negatively effected by the Tax Reform Act of 1986.