Andrew Metcalf
Q and A Excess Proceeds Overages Unclaimed Funds
Hi Everyone,
I wanted to host a Zoom on Wednesday, April 15th at 7:30 est. to answer some or all questions you have about the Excess Proceeds-Overages business. I have got messages from many people over the las...
Clifton Burse
Starting Judgment Recovery business
Hello, anyone have info on starting a judgment recovery business, forms or time it takes to complete recovery or any help at all
Michael P.
New investors - Questions about Partnership
Hi all - A good friend and I have decided to begin our adventure in real estate investing and will soon be ready to purchase our first multi-family property (triplex or fourplex). We have done our research and are on ...
Damon Whitten
Best Method to Finance First Rental Property from Retirement Accounts
Thanks for any assistance you can provide.My head is swimming for the next steps in purchasing an investment property.I have sufficient funds in our low cost of living area (Northern Michigan) to finance from retireme...
Chase Shank
Calling on CPAs
I am selling a flip and expecting a 40k profit. Here's what I want to know:Can I do a 1031 to acquire a property for 130k, using the full 40k for a down payment. Then pull 70% of that back out via refi without having ...
Daniel Murphy
depreciation recapture / property transfer / divorce
Hey all, we recently did a cost seg & bonus deprecation on our STR for about $180k worth of deprecation. Well... it turns out married life may not be married life by the end of 2023. Can anyone point me to resour...
Kyle Spearin
Rental Business With My Wife
Hi BP community,Up to this point, I've been live-in flipping. My wife and I are planning to rent our first property and we plan on owning it as individuals (with lots of insurance of course). For all rental related ex...
Robert M.
Parents loaned me down payment for duplex, I sold it, now who pays capital gains?
In 2016 my parents loaned me the down payment for a rental property ($150k toward a $600k duplex in a midsize East Coast city). There were no formal terms or expectations - it was just "here's the money, don't be dumb...
Bob Maloney
Filing Taxes for LLC - using Form 1065 K-1, etc
I am member of a LLC (more than 1 member) that was formed in 2007 and we buy and sell residential property. I am getting ready to prepare tax form 1065 (and the related K-1 forms). We have bought & sold 2 proper...
Braden Leonard
First post, starting out (kinda)
Hello BP! Just recently joined after starting to look more into acquiring more properties with the aim of eventually being able to replace my current income with rental income. I'm in the Triangle area in NC.I have ac...