Ting Liu
Chicago ordiance on security deposit
My friend is evicting a tenant who refused to move after lease ended. The property is in Chicago. My friend give the tenant security deposit receipt, notarized it. and deposit into a bank. There is bank name on the r...
Kim Weaver
1st Transaction Opportunity - 30 acres Undeveloped Land
Greetings BP Family!I am new to RE Investing. This month I sent out my 1st letter campaign to 105 absentee owners in Charlotte, NC. One of the 3 calls I got was from an owner tired of paying taxes on a parcel of inh...
Kevin Brinkmann
Valuation, 1099/1098 Reporting, Retirement vs Non-Retirement Acct
Good Afternoon to all! Working through some questions as I finish my first individual Note purchases with my Individual 401(k) and was hoping the community would give me a hand in clarifying my thoughts some. Wanted...
Lee V.
Consequences of not reporting rental income
This is just out of pure curiosity. What would happen if one decided not to report rental income? Let's say the tenant paid in cash each month. How would the IRS find out?This is purely hypothetical, I'm not suggestin...
Kari Kraus
Exit Strategy/DST Advice
We have 5 single family rental homes in two markets which are paid off and almost completely depreciated and have doubled in value. They are cash flowing but not enough and we need idea's on exit strategies. We have c...
Daniel Dietz
Can I sell a house to myslef my SDIRA holds once I reach 59.5?
Hello All, I am thinking WAY ahead on this topic, but it is something I have not seen or heard much about here on BP.While the rules are very clear and it seems easy to understand as far as what the rules are during ...
Account Closed
Convert Traditional to Roth IRA
I'm thinking of converting some/all of my Traditional IRA to my Roth. I know there will be taxes to pay. If I move to a no tax state like TX or FL it would seem I don't have to pay state tax on the transfer, is that...
Eric Thornton
SEP IRA and Rollover IRA loans for REI
Hello,I am following up to my early post regarding using a 401K loan for REI. In hindsight, I wish I kept some money out to use for other investments, but I was always very diligent about contributing to my 401K. Fi...
Chris Haydis
To sell or not to sell
I currently have one investment property that I bought 2 years ago, with the intention of buying and holding for a long period of time. It has been rented to the same renter for the duration, who is Section 8, and I h...
Michael Dunham
Beginner Note Buyer Example
I'm looking to get into investing in non performing notes (which would be my first real estate investment) and am completely floored by what is going on and was wondering if someone could give me a walk through of wha...