Alexander Felice
Using a private investor IRA to flip a house
Hey friends!My partner and I want to flip a house and we have someone who wants to fund us, but they want to explore the option of using an IRA to do so. From what I understand this is possible if it's set up as a sel...
Paul Winka
Getting a fair appraisal in a non-disclosure state (Jackson, MS).
Appraisal came in way low in zip code 39209, Jackson, MS.
Paid $90K in May 2019, at the time appraised for $95K. Getting refi now, the appraiser says it’s worth $70K.
There were multiple things wrong with the apprai...
Richard Benjamin Wilhite
How to Find "Cost" Basis for Inherited Land prior to 1031 Exchange?
I inherited 62 acres of land in Middle Tennessee back in 2017. I would like to subdivide the land into smaller 5 acre tracts, sell them, then complete a 1031 exchange. My CPA asked me what the "basis" in the property ...
Leon Lee
Is 2% rule a good measure for STR
Hi, BP family
I was recently thinking about a good measure on whether it is worthwhile to convert LTR to STR. I asked around and got different answers. Some say that your STR gross income needs to be at least twice a...
Stephen Gracia Jr
Military Veteran Transitioning to real estate
Hello Everyone, My name is Stephen and I am a recent medically retired veteran. I've been out for almost a year and I went through the rough transition phase now and now I want to prosper. I've been watching countless...
Caleb Mclamb
What business structure do YOU use and why?
Hello BP, I am currently building a business model and researching types of organizational structures and their implications to real estate, the question is what business structure do you use and why? LLC, C-Corp, S-C...
Stephen Durante
Real Estate License
Hi all,Just wanted to know everyone's opinion about this. I was wondering if getting your license online was difficult or if actually taking the classes was worth while? I'm leaning towards online just to work on my o...
Jeff Hill
List source,core logic, and data from the county
what's the dofference between listsource and corelogic?What is the work I would have to put in if I got a data list from the county?
John H.
Rental property insurance
Looking for some Specifications I should give to my insurance agent when I am excepting proposals for my rental property, a.k.a. landlord, insurance. Any info on limits and deductibles would be great!
Aaron Parkan
Advice on purchasing first home and rental property
Hello, my wife and I would like to purchase a home as our primary residence (currently renting) that will eventually become a rental. At the same time we are seeing several opportunities for rental properties that we ...