Josh Autery
Prepaid Rent Pros and Cons (Texas)
Fellow bp members (especially the Texas ones)... Need some help/advice!What are some pros and cons of accepting a years rent in full at lease signing? Is this even legal?Thanks!
David Mcginnis
Security deposits on a foreclosure auction purchase
Recently looked at an occupied 3 unit building that was scheduled for foreclosure. Presumably, the tenants has posted security deposits for their units. And presumably, if I had purchased at auction, I would then own ...
George P.
Being flagged as a 'Dealer' by IRS - for this strategy?
Business entity - one member LLC
Strategy: contract assignment and contract assignment with short-term (one year or less) financing provided by the entity to the end buyer/rehabber.
...
Kevin Sapp
Depreciated Property to a charitable remainder unitrust
Tax wizards, a question for ya.I have a property that has been depreciated for 24 years, lets call it 90K of depreciation. The property is worth about 150K, I'll have capital gains after minor increases in the basis o...
Derek A Griffin
Using a Self Directed IRA to Purchase RE investment
Hello all. I have been doing some reading on a Self Direct IRA for which an individual can take their 401k funds and move to a Self Directed IRA in order to purchase an investment property. I get the basic overview ...
Matt Wahidi
Auction Home Bidding
I got a lead from auction.com and I decided to dig deeper on this property....I found delinquent tax liens for purchase on the local county website. It appears these can be paid off to purchase the said properties. If...
Vu Nghiem
Legal question on structuring a deal
Hi all,
I'm a novice investor that have done a few live flips deals on my own. I have a group of friends that is willing to commit about 300K of capital for me to BRRRR with.
How should I structure the entity so th...
Nick Zinner
Investing Into my Business
Hey everyone,Long story short I have some people who want to invest into my real estate business. This money would sit in my businesses bank account until I needed to use it. This would help me with capital so I am re...
Daniel Schiff
Taxes due for flip with married couple both with W-2 earnings
My spouse and I have a real estate pass thru LLC we are 50:50 partners / owners of. We are in the middle of a flip which will sell in 2024 and have a second one lined up. Estimate to make 80-100k from both deals. Fo...
Chris Fethke
Pulling money out of my 401k
I want to take funds out of my 401k to help start my first investment. I will be paying back into my 401k over 3 years. Will this be a wise decision? Is there a way to take funds out without getting hit with taxes?