Steve L.
Trying to avoid my Uncle Sam in California
Hello BP,
Sorry for being long (type) winded . I've been a lurker on the forums for the last six month or so. I like to say I've been a landlord for the last 13 years and want to take it to an investment level. I ...
Ivan Vargas
SEC on Crowdfunding or Fractionalized Ownership via Land Trust
Let me start off by saying that I am not seeking legal advice here on a public forum. I am however hoping to initiate a legal debate and invite all legal professionals, and those who focus on or have experience with C...
Jonathan Dicent
SEC Registration for Note Fund?
Hello All,
I'm curious to know if you wanted to start a Limited Partnership to invest in notes and/or tax liens, is that something where you would need to register with the SEC or some other regulatory body? Whether ...
Tony C.
Filing a 1065 Partnership return Husband/Wife vs Schedule E
We (husband and wife filing jointly) are looking for a CPA. While interviewing CPAs to file our 2012 taxes we are trying to determine if we should file a partnership return or listed all of our properties on our ...
Gary Van Horn
Wholesaling in Illinois
IS WHOLESALING ILLEGAL IN ILLINOIS?The Real Estate License Act of 2000, 225 ILCS 454/1-1, et seq., and its accompanyingregulations, 68 Ill.Admin. Code pt. 1450, govern the business of real estate brokerage in Illinois...
Bang Tran
2014 tax for flips
Hello everyone, I have a capital gains tax question. I purchased and flipped a house April 2014 and sold it in September for a profit. I turned around and bought another house in December and sold it in January 2015. ...
Michael Pilolla
Do I Create An LLC or No?
Hello Hello BP Peeps,As I get my real estate investing going, I need to know, do I create an LLC or not? I live in California but buy and rent in Oregon. Would I create an LLC in Oregon or Cali? I plan on buying multi...
Mike Adams
Owner-Built Home Sold As New Construction?
Hey, all. Question for you experts...
Can a tradesperson build their own home in Minnesota, live in it for several months, and then sell as new construction? We are looking at a property that was being built by someo...
Jason Faucher
1031 Exchanges
Can I sell a spec home and turn around and use the profits to buy a vacant piece of land that one day I will build a home on for Primary residence under the 1031 exchange rules?
Adam DeShone
I bought a turnkey duplex with $0
Investment Info:
Duplex buy-and-hold investment.
Purchase price: $130,000Cash invested: $0
Acquired from a motivated investor moving out of state in late 2022, this duplex was turnkey upon closing. The previous own...