One of the recent BP Podcasts I listened to made mention of a huge selling point that the guest used a lot. He said that when sellers say they want 2%, 5%, Etc, in interest on their seller financing, he reminds them t...
I was recommend to meet with real estate attorney in the my area of investing (Springfield, IL) for quality state "bullet proof" state specific leases for Illinois. Legally sound and is in great pdf format allowing me...
I have an SDIRA owned property that my SDIRA owns free and clear. My original intent was to hold it as an income producing property, but I need to sell it and I expect to pay UBTI because I only bought it in July....
I typically buy and hold, but in February this year, I bought a super run down property, and turned it around. When I looked at the numbers - total all in cost & rental income VS. just selling it outright, it mad...
I own a First Mortgage Real Estate Note with a face value of $90K. I paid $72K for the note, which has a balloon payment in 2 years. Does anyone know the tax implications, if any, when I realize the $18K gain from t...
I am not an accountant but I about ready to hire one as I now own my 3rd SFH. Last tax year I only had 1 SFH and I learned a lot about what's taxable and what's not. The basics of deducting my itemized expenses and ...
Hello, everyone, I'm trying to figure out how insurance brokers function in California. Here is a description of the types of insurance producers in California from the department of insurance website. The following a...
I found an investor for a rental property. The investor will act as the "bank" and provide the money for the investment property at maybe a 5% interest rate. Myself, the "landlord", will find a property to buy and man...
Is using a loan from my 401(k) to purchase a property a No No? And how would I structure a deal if I have no money in the deal?A close friend has learned of what I am doing (purchased 4 Single Family Homes this year w...
I've got a property that I've owned a long time and it's been depreciated down to practically nothing (condo, so no land). I'm selling and I have a buyer if I will hold the paper. Say I get 20%dp, interest only and ...