Mike Flora
Title transfer/deed names
I have a seller that has a deed in her mom and dad's name, which have been dead for a very very long time. The will she has puts the house in her possesion and she has been living in it since their death. All cash dea...
Cecil Russell
This has to be a doozy of an idea: Is this even Legal?
2 properties for sale in the same neighborhood. 1 is 45,000 the other is 49,000. Tax assessment of both is 10,000 lower that the asking price. The offer made is: He, (the owner) will sell both for &5,000 cash and...
Jeremy Zindel
Business overhead expenses on a Schedule E
Just wondering what the correct way is to handle business overhead expenses for my rental properties when it's time to account for those expenses at tax time? (i.e. cost for business PO box, Quickbooks, miscellaneous ...
Account Closed
Cost Segregation + Bonus Depreciation
Hello everyone. I’ve been following Michael Blanks content heavily over the past 2 months and what really stood out to me is the cost segregation & bonus depreciation. If someone could please explain these terms a...
Erick Garske
Single Member LLC Schedule E 2013 Schedule C 2014
I had changed accountants between 2013 and 2014. The new accountant is insisting that I need to file a schedule C instead of a schedule E. In my opinion, I thought that continuing to use a schedule E would be the way ...
Patty Harris
LLC
I am a newbie to BP and just in time! I have declared 2015 as the year I begin investing in RE. I have wanted to break into the field for over 10 years but felt completely unequipped. I didn't know how or where to sta...
Matt Lorencen
Owner Financing Contract
Does anyone have blank template or form that I could look at to draft a contract for a potential buyer? Thanks.
Erik Kubec
Fund Home Depot account with Self Directed IRA funds?
Hey folks,
I have a SDIRA through Equity Trust Company. Just purchased a condo that need renovation.
I want to issue a single check from the SDIRA to Home Depot and then have my contractor or myself make purchases ...
Account Closed
How to find a real estate syndication deal to buy into?
Hi, I have a lot of owners in my area that are interested in selling their property, but as you can imagine, the potential hit of taxes tends to deter them from pulling the trigger. I have begun to consider the idea o...
Alan Daniels
Realtors buying SFH "subject to"
BP,
Hope everyone is gearing up to have a great, happy, and non-political :) Holiday season!
I wanted to get everyone's thoughts on being a Realtor and what the "status quo" (for a lack of a better word) is regardi...