Hello,I am over in Mesa(outside Phoenix) Arizona and I have a past tenant (owner sold property and new owner declined to have us manage) who still owes us a partial payment for the last month. We just opened an accoun...
I plan on buying and holding properties in the Florida market soon. I have an LLC that I attained in California for investing. Could I use this same entity name when buying property in Florida? Or do I have to come u...
So, I wonder what is possible consistent with IRC 453 (for installment sales). This derives from a close reading of IRC 453 and/or Publication 537 (which deals with seller financing).1. If the buyer doesn't want to d...
Hello BP Members! I am considering a duplex purchase and would
like to hear thoughts about the following potential transaction below. The
units are 2 bedroom, 1.5 baths, 2 uncovered parking spaces each. Both un...
Hello Guys! So... writing this as I am in the BP Webinar and Brandon just answered my question "How do I get started in Wholesailing?"Part of his answer was to ask a wholesaler... So here I am asking! ...Is there an w...
Hey All,I plan on purchasing my first property by the end of the year and I'm thinking about how to most effectively use my funds/savings for a down payment (about 20-25K).I amassed a small 401K balance with my previo...
Hi everyone,Question to hopefully a simple problem. My wife's father owns 2 commercial properties that he has sold the "business" (Tire shop) to someone else but continues to receive the rent for the 2 adjacent proper...
Hey BP,
I wanted to ask the BP community a question regarding the difference between a real estate holding company and an REIT.
I've researched REITs and what the legal requirements are in order to be c...
So I've been practicing running comps or trying at least and I don't know whether I'm doing it right or wrong. Most of the properties don't share similar features to the subject property (# of bed baths, etc) and I se...
Can someone explain the tax benefits of real estate? I know what the 1031 exchange is, but don’t know the concept of depreciation and how that is a benefit to real estate investors. Any other tax benefits that you g...