Greg Rusianoff
Purchasing property below FMV - Do I have to recognize a gain?
I often buy properties in tax sales and sometimes I get properties at really good values. I could turn around and sell them quickly at a good profit. So technically I'm buying them below their Fair Market Value (FMV)....
Patrick Philip
What to do with old stuff from flips?
Let's say I'm flipping a house and I have the old stuff that I replaced. Such as a fridge, oven, cabinets, toilets, etc. All this stuff technically works, it just wasn't new enough to use in the flip.Is there a way to...
Ande Andrea
Trusting the rental process...
Hey everybody!So I am currently getting my feet wet with airbnbing 2 properties this summer in 2 separate cities/states.This is my first time doing rentals of this nature; and I have fall back plans in place for 6-12 ...
Cary Beadle
Closing IRA Worth It?
Hey BP Community,After purchasing our first SFH to rent, we are interested in purchasing another ASAP. As we considered our options to pull together funds for a down payment, we considered closing our Traditional IRAs...
Megan Elliott
Leveraging a Virtual Assistant to Assist with RE investing
Hi All! Looking for ways to offload some of the work that comes with RE investing. As my portfolio grows and general life is getting busier, I am looking for some ways to deal with some of the more mundane/routine tas...
Dan Sokol
Shipping Container Homes
I've been converting shipping containers since 2010 and have complete 14 containers to date. Expert at utilizing small spaces as I was a interior contractor in NYC.
Corey Dutton
Bank Closes Brick and Mortar Branches to Pay for Investments in Mobile
A smaller banking institution out of Wisconsin, Associated Bank, is closing some of its branch locations in order to fund the growing trend it sees in mobile banking. CFO, Christopher Del Moral-Niles says the bank has...
Mike Shaw
Is this free money? Or am I missing something?
Ok ok, I know there is no such thing as free money. Here is the deal:I'm in Austin, Texas, looking in the 78702 area code (north of the river and close to downtown). Up and coming area. Everything I've seen in this ar...
Joerg W.
Nevada LLC registered in Texas
Hi,
If you want to have a Land Trust in Texas hold a property with the beneficiary being an Nevada LLC do you have to register the Nevada LLC entity in Texas so that its allowed to do business in Texas?
If I would b...
Ryan Cohen
Noritz Tankless Combination Boiler
I have a rental property that has a natural gas Noritz tankless combination boiler for heat and hot water. The unit is about 6 years old, and has constantly had problems the 3 years that I have owned the property. Par...