I know that the IRS frowns on running flipping businesses out of your SDIRA. How is private lending viewed by the IRS? Is there a point to where you are considered a Lending business and become subject to UBIT?
This is again going to be a really long post so I appreciate anyone that answers. Thank you.I have interviewed about 5 agents so far and I still haven't settled on one. I suppose I will start with why I am having trou...
Hey guys,Does anyone have an “investor friendly” title company/attorney recommendation for the Chicago/cook county, IL area.One that is familiar and comfortable with:Double escrowsAssignmentsThanks in Advance!Newbie I...
Hey all! I am wondering if the investors who are not licensed brokers prefer to work with one or on their own? What has been your previous experience or do you have any feedback?
Hi all,I have a potential deal on the horizon where I am trying to figure out the best structure. I have a close family friend who is in their 60s and is getting ready for retirement who owns a property with a single ...
Hello,I'm working up a proposal to manage about 10 units...(8 duplex units + 2 other homes)...all in my area in NW Austin. Average rent is about $1,300. My normal fee for one unit is 8%. Anyone out there have exper...
Location: professionally managed condo high rise (50 floors). The HOA fee includes basic cable (amongst other things). The mgmt company hired and negotiated a cable provider to service the entire complex. Service is s...
We are a small vacation rental company that manages short-term rentals for homeowners in Los Angeles. We manage ONLY transient occupancies - i.e short term stays under 30 days, for which no brokers license is required...
Hello All! So I will be finding a property for my first rehab in April. I plan to use a Hard Money lender initially. Everything I am reading is saying find property first, finance, rehab..... Can someone please help t...
Looking for input from the bigger pockets family. I am closing on a flip next Friday. It 's a wholesale deal/assignment contract. The home has been owned by the same couple for over 25 years. A title policy will cost ...