Terry Royce
A few questions
How often do you guys have the seller get fired up that you are selling the property basically for more than what you bought it for.
How do you handle situations like this.
I am also wondering how often you get the ...
Pooja Jangid
Wholesaling or flipping for a newbie?
Hello my bp community,I have gathered enough information and my next step is to educate thoroughly into my first niche.I’m little confused about which one to dive into, wholesaling or flipping single family house. Ple...
Tucker Cummings
Legal Structure for Rental & Wholesale Operations
I own 9 rental houses which cover all of my living expenses. Along the way of acquiring those, I sometimes came across a deal that wasn't for me, so would wholesale it out to a friend or another investor. I'm consider...
Mano Chidambaram
UBIT impact on a syndication investment within SD Solo 401K
Has anyone invested in a syndication investing in an ongoing business, not real estate, using their SD Solo 401K & what was the UBIT impact on the returns? Any other factors to consider to minimize the UBIT impact...
Oleg Malkin
Carryforward losses if rental converted to primary
Greetings! Here is a scenario: I bought a third rental, placed it in service, and it is expected to have have significant repairs in 2021 that will likely lead to passive losses that will be carried forward into the f...
Eunice Gonzalez
accounting help, first 1031 exchange, problems with financing
hello BP! I am selling 2 of my rental properties in Indiana and now in escrow, it seems we will be closing on time. My question is: I was planning to do a 1031 exchange and found a condo in San diego and got our offer...
Shane Moss
Meal Tax Deduction Clarification
I'm trying to make sense of what I'm reading about deducting meals. It looks like I have to be on a business trip in order to take the deduction. Is that right? Here's my scenario:
I'm getting ready to take posses...
Terez Jones
Ready to invest in Memphis rental properties?
Ready to invest in Memphis rental properties?
Memphis is one of America’s most affordable cities, yet it offers a diverse economy, excellent location, and plenty for residents to do.This makes it a hidden gem in an e...
Jesse Dickens
Do I need an LLC for a fix and flip?
Currently under contract on my first flip in Denver, CO. We are set to close this coming Thursday and as os now, the property will be in my name. I'm trying to figure out if it's worth getting LLC for this project. I ...
Ryan Dossey
Tips for checking out a derelict property?
So my business partner and I are checking out a Derelict property tomorrow. From talking to the Estate manager it is in pretty rough shape. It is boarded up. I will be taking a flashlight, gloves, drill, hammer, mask...