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Hi Everyone. We bought a house about a year ago with a SD IRA. It was a more complicated process than I expected, but it worked out fine. We have a nice property and a reliable tenant that is paying the rent on time. ...
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Hello BP,I am under contract to purchase a home from a wholesaler and we will be doing a double closing. The wholesaler will also be double closing with the original seller so this is technically a triple closing. I a...
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Does anyone have advice on obtaining proof of funds letters? I’ve seen advice about getting your cash buyer to provide one, but I’m trying to focus on on-market deals and will need one up front. Tips also welcomed!
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Hi there. I'm just getting into wholesaling and am focused on MA and NH. My question pertains to Massachusetts specifically. In a double closing (A to B, then B to C transaction) is it possible/legal to allow the ...
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Hi everyone,
My friend and I bought an apartment building in 2018, and it turned out to be located in an opportunity zone. Are we qualified for the tax benefits for Opportunity Zone, for example the step-up in basis ...
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Can someone explain the different between a "dry" and a "wet" double closing. For those of you who do double closings, which version do you use mostly?
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Hello all! My name is Darius Holloway. I currently reside in Washington, DC. I am an attorney and looking to get the wheels rolling on a real estate investment venture. I'm pursuing a 3bd/1ba property in Hopewell, Vir...
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I'm looking to secure a HML for a fix n flip in Florida and for now and am only looking to secure for the purchase price only and handle the rehab costs myself. One of the side benefits is that I can avoid the whole d...
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Hey everyone, I was just curious to know what everyone does to save up for their next big investment. Do you just put your money into a savings account and let it accumulate as you deposit or do you put that money int...
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I am familiar with 1031 Tax Deferred Exchanges. However this issue came up;EG. Selling a FREE & CLEAR Investment property for $500KNow if you as the seller are doing a 1031 Exchange and SELL this property and hav...