You can't take any deduction on your tax return or claim any depreciation on a property owned by the IRA, just like you can't take deduction or depreciation on a property I own.

Here we're tripped by the latter.The debate on this thread centered on who is legally responsible for payments on a loan taken Subject-To.

@Cameron Moore I knew I could count on you for a legit answer.

Many if not most lenders will also want a Certificate of Standing that you get when you file your LLC on sunbiz.

You can also find many here on BP. 

 try one of those online sources like prosper etc. 

@Chris Seveney I only get payoffs on loans I did not buy at a discount. 

@Elvon Bowman, Congratulations on taking such a jump.  

Investment Info:

Single-family residence wholesale investment.

Purchase price: $77,000

Sale price: $85,000

Contributors:
Peter Vekselman

Partner Driven teamed up with Jamari Sprueil t...

 Hey GUYSOver the years, I’ve worked on creating high-converting funnels for marketing agencies, and one thing I’ve noticed is that the core principles of attracting, nurturing, and converting leads are just as relevant for real estate investors.I’ve been diving into strategies that could help investors streamline their deal flow, attract motivated sellers, and build better relationships with private lenders.