David Griffey
bonding off mechanic's lien
A mechanic's lien was placed on a property I am selling. Long story short - crappy work that was never completed, tried to negotiate a settlement with no response from contractor. We both have attorneys, he filed a li...
Kevin Noesner
Pros and cons of 469(c)(7)(A) election
It's that time of year again when I'm trying to figure out if I should aggregate all my rental properties into a single activity with the 469(c)(7)(A) election. I'm aware that it removes the $25k deduction cap, so th...
AJ Stanis
Cooling off period for hard money loan in california
Hi, is there a cooling off period for a non-consumer hard money loan in California? This is a loan made to an irrevocable trust, if that matters.
Brian Jasinski
Trust Related Tax Question
Question regarding a property held in a irrevocable trust.Home value is $750K, owned outright by the trust - no mortgage.A family member lives in the house, no rent is charged.Meanwhile, the trust is paying for the ma...
Nico Gandara
🕺Funky Seller Financed Deal I Need Help Structuring
I found a home it needs a lot of repairs, and it is in a trust. The Trustee is willing to work with me to carry the note but according to her, this is not allowed because the home is in a trust. The home will not qua...
Dustin DuFault
Estate Planning For Young Families
Hello Bigger Pockets!As our portfolio has grown, I'm beginning to consider what a mess it would be to have someone else disposition our assets to help care for our children if something where to happen to the wife and...
Mikaela C.
Tax basis for inherited property that's a rental
My father passed away in 2008, and his will set up a testamentary trust that included the house I grew up in, in WA state. The trust stated that I would not inherit the home until July 2015 (when I turned 25). The hom...
Dan Creed
Inherited rental properties - Where do I start?
First timer here. My dad passed away recently and left 3 properties to my siblings and I in a trust. 2 of the properties are multi-family rental units. All units are rented and are cashflowing. The third property is a...
John Thedford
Question about Fraud
Paging @Bill GulleyRecently you wrote a post about contracts, citing various forms of fraud such as fraud by inducement, etc. A friend has a situation with an unlicensed broker that appears to possibly be going to cou...
Catherine Peters
Seeking Financial Planner Recommendation for RE and Trusts
Hi BP Tribe,I am looking for some financial planning advice from a professional who has a focus on real estate, which is why I am looking for recommendations from this stellar group. Specifically, I need someone to ta...