Grant Smith
Tax write-offs early on, and before a first property
Hi all,I'm taking action to flip my first property this year. And, I also intend to wholesale - both as a means of building up capital which will then be used towards buy and hold properties. With that I have already ...
David Gore
Tax Questions on Installment Sale of Inherited Property
My grandfather passed away two years ago. My mother inherited the home, but wants me to have the proceeds from the sale of the home.I have a potential buyer interested in a land contract.I need to determine the best w...
Amaf J.
Cashing out Roth IRA for REI?
Hello everyone,I just wanted to ask a question about using the funds from my Roth IRA towards the purchase of property. I've done some calculations and realized that my Roth IRA is yielding some horrible rates of retu...
Amy Canfield
Attorney/Collection Fees part of lease
Relative newbie here. I'm using a lease that includes language obtained from the BP lease documents I downloaded a couple years ago. Potential tenant is asking me to change the following. Yes or No to the change? ...
Chris Ready
Tax deductions before owning an investment property
Hi all,New Real Estate investor here in the process of starting out.I know that once I own a property any operating expenses, travel etc. are tax deductible but does anyone have any insight into collecting receipts fo...
Mimi Phan
Quitclaim After Converting From 1031 Exchange
Hello everyone,
I have a question that I hope to get some help with from the BP community. My fiancé has a condo under his name, which he currently occupies as his primary residence. He also has another condo in a se...
Christine Snyder
Title insurance on a tax sale property
Anyone have experience with buying tax sale properties? Here in KC they require a 12 mth challenge period. Title companies won't write title insurance until challenge is over. So, if I can't get title insurance do I...
Jorge Suarez
What would you do - SDIRA or Distribution ??
I have a small retirement IRA account from a previous employer (a little over 20K).I would like to use this money to purchase an investment property along with some savings that I have.I have been looking to put the m...
Abdul Azeez
Question on closing a sale
Folks - I am under contract for a property where we have issued notice to buyer than unless they cancel contract due to appraisal contingency we expect the sale to close on Monday at the offer price. However despite m...
Orest Omeliach
Can I list my wholesale deal on MLS in Connecticut
I am a real estate agent in Connecticut. I came across a wholesale deal and have a signed contract. The property is in almost move in condition. If I have permission from the owner of the property, can I list the prop...