Avrohom New
Are there any legal issues with direct mail marketing?
Hello fellow Investors,I recently got a call back from a direct marketing campaign. The person on the other end exclaimed that it was illegal to send mail with an offer to buy an unlisted property! I have never heard ...
Steve K.
K1 1065 Tax Question for SDIRA LLC
Last year, a company from BP helped us set-up Self-Directed IRA LLC "ABC SDIRA Company LLC". Luckily, we invested those IRA funds in our ABC SDIRA Company LLC and were able to make some profit to offset the initial se...
David White
Returned letters, assignement contract, and residential status
I have a 3 questions. My first question is what does it mean when you get a returned letter from a direct mail campaign and what do I do with the returned addresses? Also where can I find an assignment contract? Lastl...
Kelly Davis
Why foreclosure? Why not sell? Especially in this market?
We recently attended our first courthouse foreclosure auction in Gwinnett County. We saw 4 houses come up for auction while we were there. All 4 houses sold for ridiculous prices. So we're sitting there thinking, w...
Craig Moore
What would you do if marketing budget costed you $0?
Hi BP,I'm curious as to what you all would do if you knew you didn't have to spend a DIME on your marketing budget for wholesaling (this includes letters and postage)? Use your scenario in terms of direct mail letters...
Patrick J.
Which RE Markets did the best in 2008?
Which real estate markets did the best in 2008?? I heard NYC was not affected very much in the 2008 crash. I dont know if that is correct. I know Phoenix took a big hit.
Jacob Eddy
Is a legal entity needed for your first property?
Just got finished reading the chapter on setting up legal entities in the Tax Strategies for the Savvy Real Estate Investor. Are legal entities or LLCs needed when you acquire your first rental property or is this mo...
Herwig Schoeffler
double closing legal, how much below market value can you buy
Hello.So I am not a US citizen and have bought a LLC from other persons that gives me more questions than it should.
Basically it works like this:- you get a list from an online broker / data service
- you filter th...
Vladimir Kotomin
Depreciation recapture for OZF investments vs. 1031s
Sorry if this was asked; I searched and didn't find a similar thread.I know depreciation recapture is not taxed for OZF investments held > 10 years. What about the properties sold to acquire an OZF? If I sell my fo...
Kenny Kuramoto
Trying to Understand my BRRR numbers
I want to see if this is how people analyze their property. PP= $100kARV = $175kRent = $1400Rehab Cost = $40kProperty tax = $500PM = $100Utilities paid by Tenant.Is this right?Cash Purchase Closing Cost + Rehab + Refi...