Brandon Hicks
Limit to how much stepped up basis can you can claim?
I understand how passing property to heirs at stepped up basis works....My question is...is there a limit to how much property the heirs can receive at the stepped up basis? And we’re talking $20m+ in property for ref...
Account Closed
Quiet Title or Adverse Possession suggestions
Do you recommend filing a quiet title or an adverse possession when the owners have passed away including the only person listed on the deed or will of the abandoned home dated back in 1970. This is the only paperwor...
Mike Jennings
owner financing question
hi there,I'm about to get my first property under contract using owner financing by 10% down and all payments going towards principal for 20 years! My question is the previous owner still has the first lien on the hou...
Michael Plaks
EXPLAINED: sending 1099s to contractors and vendors
This is a revision of my old post on this timely topic. Timely because January 31st is the deadline.
Sending 1099-NEC (formerly 1099-MISC) to contractors and vendors
2024 update: While not directly related...
John Fedro
How many individual mobile homes can you "buy/sell" per year before getting a MH retailers license? (Find out here)
Hi friends,
I have noticed that most folks on the forum here at BP are very concerned about not breaking the Fed laws that many people under-look state licensing requirements.
Below is a list of the requirements fro...
Nicholas LaGatta
Atlanta Exception to Contractor Licensing Requirements
Hi BP Team,I'm under contract on another property in a historic district in Atlanta on a busy road. This is a complete and major rehab, so I've got an architect that I know can get plans and a certificate of appropri...
John Harrell
Texas tax sale redemption and title insurance
I bought a tax sale property 8 months ago, non homestead. Title Co. will write policy but exclude redemption for 2 years. Here is the kicker. The homeowner whose name is on the deed died in 2010. There was no will and...
Adam Scheetz
What Questions Should I Ask the Self Directed IRA Provider??
I want to setup a Self-Directed IRA. I have a list of dozens of providers. Before I start reaching out, what questions should I consider asking to ensure they are the right fit? To provide context: I'm an Active-Duty ...
Ivan Reyes
Alabama usury is 8%??
The searches I made online seem to say that the max usury in AL is 8%. Can this be right? Does that mean if you provide seller financing that the max you can charge your buyer is 8%.
That seems very low considering ...
Hank Parater
Using bandit signs as an Agent?
I'm a licensed agent in Maryland, and thinking about using bandit signs to procure wholesale property and/or listings. Does anyone know if this is legal? I would of course be buying property as a "personal investment...