Good morning I completed my first 1031 exchange in 2019 however I am no being told by the CPA we incurred a mortgage boot due to not purchasing a property of similar sales price.
Property sold $1,200,000
Payoff $70...
Hey BP Community!
I’m diving into the multifamily-apartment investment space, and one thing has become crystal clear: if you can’t underwrite a deal, you’re flying blind. Every great multifamily investor I’ve spoken ...
Just a tip for you all starting out… Don't rent to strippers, hair stylists, bartenders etc… If they are in the cash business, they are uncollectable. You need to find someone with a good job that is not worth leavi...
I'm new around here. For the past several months I have been reading all I can get my hands, now I am reaching out for wisdom and guidance. For someone who is interested in walking the path of becoming the bank. What ...
I am looking at various investment opportunities including syndicates, limited partnerships and other sorts of deals to join. It would be ideal to be able to compare apples to apples, but it doesn't seem to be wor...
Hello,I own with a partner a commercial building here in Kentucky that we have done some work on, had an LOI and prelim contract but nothing has come through. It is about 20,000 sq ft with a parking lot and about 1.8 ...
Hey guys,So I've recently been pulling probate files at the county court houses. I've pulled about 200 leads and have began a mailing campaign. I send out a personalized letter to the Personal Representative, and have...
I understand you can’t do any work on a property your IRA owns. What if you have a portion of that property owned by a LLC? Can you argue you are doing work for the LLC portion?
Looking to see what type of SDIrA others who invest in notes are using --> checkbook or custodian. I don't like all of the custodian fees, but I think it is safer (with regards to the IRS) than the checkbook.I'm ...
This question is for private lenders/HML. If a buyer uses your POF to enter a contract and you then decide you are not going through with the deal...how does the borrower know that. With a typical bank you would get a...