John Jacobs
Private Lending: Is this an issue with Dodd-Frank
I have been asked to make a loan with a 3 year balloon. The borrower who is in real estate characterizes the purchase as a "live in flip." Nevertheless he and his wife would be living in the home. I had a concern a...
Brian Fazekas
Should I stick with my "exclusive" realtor or branch out?
I have been working with the same realtor for the past 7 years. She does a wonderful job and is a hard worker, especially considering she's over 70. Great lady. I tend to find most of my deals , but she's shows me ...
Kate Li
Should I go through 1031 Exchange?
Hi,I own a 4 family house where I lived there for more than 6 years. Then moved to another state in the past 1.5 years. I want to sell this house and it’s 1.4mm. The purchase price of the house was 700k and has around...
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Legal Advice for All Investors
I found some good legal advice for contracts, documents, consultation it really helps for me getting my deals together and making sure I stay in the guidelines of real estate
www.prepaidlegal.com
[edited by administ...
Selina Chambliss
Home Office Deduction
Can you claim the home office deduction if you don't have a business license? We have one rental property that we manage ourselves. We currently don't have our license. We do use our home office exclusively to work on...
James Dean-Howell
Newbie in Lansing, MI looking for help on next steps.
This is going to be a really long list of questions so I really appreciate anyone who takes the time to help me in any capacity! Alright so after mailing a few letters, about 50, I've started getting calls from local ...
Sonam Gill
Converting a 3-unit building to a quad near OSU campus
I am closing on a 3-unit next week near OSU, and my inspector and contractor both advised of the option to divide the large first floor into two units, making the building a quad. Does anyone have experience doing thi...
Account Closed
'Acts of God' Insurance? And the recent viral CA Mega Quake Predictions
https://www.youtube.com/watch?v=nGz6fHdxP30my mom called from nyc 5am pacific this morn, to ask is the huge quake hit us here in socal.. she didnt know but i threw on the laptop and went to see whats going on.. appare...
Dakota Sullivan
Help--Tax shelter strategies for personal residence cap gains?
Hi BP fam;CA resident here looking to shift equity from personal residence into primarily income producing stock. Due to runup in home prices in Bay Area over 10 years I've held my personal residence, I'm facing seven...
Michael L.
Knowledgeable Vs Less Knowledgeable CPA's (where to draw the line?)
I ask my CPA if they have a strategy for cost segregation, their reply was no. I asked if they have a strategy for step down depreciation, their reply was no. As a r/e investor would it be better to find a CPA who's a...