I will then distribute the asset which will count as ordinary income this year.The reason I am considering distribution is that I am precluded from personally being involved with rehab ( that would not be a passive activity) and If I get personally involved I can cut the cost of repair significantly.

If anything this being a hedging activity might indicate that if certain sectors of the economy turn around performance may plummet.

When it comes to getting rid of neighborhood drug dealers or unsavory activity that affects your investment, I like Rule #15: Always work as a team.For various (often silly) reasons, we shy way from working with neighboring landlords and property owners.

Maybe a flipper, maybe a landlord, but an active buyer nevetheless.Also look for the lenders on recent transactions.

Not many here are into larger projects, at least the active bunch, but we may have lurkers that do and just have had no one to kick ideas around with......so jump in!

Part of the willingness to make offers far below asking price is dependend on just how active the buyer wants to be.

(BTW, this act has nothing to do with mortgage lending as I have heard some say, unless it has a public good element).Another plus is that marketing, while done in a different manner, is not that necessary to the public.

I'd suggest when yoy talk to your attorney about forming the LLC that you include, specifically all kinds of activities in your Operating Agreement and Certificate of Incorporation and not rely on that catch all description of doing all things.

I have not been very active on the Bigger Pockets Forums lately due to some personal experiences.

There are a couple of groups for people in Vegas, but they aren't very active.