Jace Perez
what is creative finance
I do not have a lot of capital or close to 2 years in tax returns so i have been thinking of learning creative finance. what do you guys think are the best creative finance strategies? i really do not know too much ab...
Wendy Doris
Self Directed IRA Partnering with Myself and Getting A Loan
Hello. I've just learned that my SDIRA can partner with...ME! Compliance people at my SDIRA co. say yes you can personally partner with your SDIRA so long as you aren't self dealing (purchasing something from yours...
Donyelle Keith
Legal Fee Addendum
I recently secured a buyer for a probated property which has an open estate. The agreement stipulated that the buyer is to pay the attorney fees and closing costs. Assuming the title company could close the transactio...
Herm M.
Getting a "cash only" purchase approved by short sale lender, but being denied the usage of hard money???
If I offered "all cash" on a short sale and got it approved... will the short sale lender have an issue with me using hard money as part of my funds? Why would they? I've closed short sales before and haven't had this...
Amol Kulkarni
Property Management, Passive Activity Loss Limitation and Depreciation
Hi all,I've been reading about the Passive Activity rules that prevent passive losses (eg Depreciation) from being offset against ordinary income. Unless of course, the taxpayer shows material involvement and claims t...
Yashar E.
Staying in tune with your local market
Hello BP Community,As I have been researching developing markets lately, I have taken the time to immerse myself within my community that I live in to learn more about my immediate market. I currently reside in Glouc...
Daniel Dietz
What Counts as Hours for Real Estate Proffesional Designation?
Hello All, I have been doing some reading up on how to use 'excessive losses due to depreciation' and of course came across the Real Estate Professional Designation for tax purposes. This is realated to buy-n-hold ren...
Daniel Evenchen
Extracting cash flow from a self dircted IRA using LLCs
I am thinking about transferring my various IRAs into self directed IRAs to purchase investment properties. I would like to create an LLC that would "manage" these properties so that I can extract about 70% of the pos...
Daniel A.
Schedule E or Schedule C?
We're a married couple that both work W-2 jobs (approx. $200k together in 2023). We launched our first STR last fall (2023). It was a new build, and we spent quite a bit of time and money to get it up and running for ...
Michael Caldwell
How to set up Promissory Note Structure
Hello, my real estate investment partner and I are in talks with a party about getting a $1-2M promissory note in place, which we would draw on to make acquisitions of 12-25 single family homes over the next year or s...