Hello BP,I am a licensed broker (not sales agent) but not currently actively using my license. I'm looking to broker a deal and would like to purchase E&O insurance for just this transaction. Does anyone know if...
Many people are aware of a 1031 exchange, however if they are looking to exit their active real estate portfolio, it’s not always the solution they are looking for. If you are wanting to sell your real estate property...
Background
I am not a Professional Real Estate (yet) as I am working as a full-time engineer, and I don’t meet 750 hours of services during the tax year in real property trades or businesses in which I participated. ...
Society is becoming increasingly dependent on credit to make purchases and financial decisions. A good credit score is used for more than just getting a credit card or a loan. Due to people extending themselves beyo...
I have a tenant who is in the national guard. He notified me that he will be deployed in April, but wants to maintain the apartment. I have not spoken to him - he gave me a note with the rent check - and he has not as...
For years I always wanted to figure out a way to contact people with self directed IRA's. I find the info very challenging to get. I know for a fact that I have ran across folks with money sitting in one that they nev...
A specific strategy could be property type based , something like SAY acquiring apartment complexes in New Mexico small town of between 12 -20 units; or method based like owning STRs in vacation markets. But should a...
HomeHousingLandlord / Tenant MattersServicemembers Civil Relief Act and Eviction for Nonpayment of Rent
What is the Servicemembers Civil Relief Act (SCRA)?
The Servicemember Civil Relief Act (SCRA) provides protec...
I'm working with a CPA who is arguing that STR should be considered a passive designation and therefore losses in our holding LLC cannot be applied to my W2 wages (which are > $150k). My spouse and I will be alloca...
We are looking to start an LLC as a genuine construction company and would also like to use the company to purchase timber land. The thought is that the LLC would be used to cover the operating costs and as a tax she...