Don Konipol
Two Way to “Scale”. Which did (do or will) You Choose?
I think there are two ways to “scale” your real estate business or investments. (Maybe there’s more than two, if you know any others please let us know). 1- do more deals (investments, loans, etc.)2- do bigger deals...
Daniel Dietz
Can 1031 be used when selling 1/3 share of LLC that owns property
Hello All, I am just starting to explore the idea of 1031s down the road. Mostly trying to make sure I set things up right entity wise on the front end to make it work later. I along with 2 partners won properties in ...
Jordan Decuir
When can I start taking depreciation?
I purchased my first SFR, closed on December 18, 2015. When can I begin taking the depreciation benefit? Can I take a one-month, a half-year, or even a year's worth of depreciation in the 2015 tax year given that I wi...
Soh Tanaka
Accounting/Tax: Reading real estate books to be a "professional"
Accounting/tax questions:
Many of us know that in order to qualify as a real estate professional status, one of the things you have to do is you have to perform more than 750 hours of services during the tax year in ...
Jennifer Sowers
Multi Unit Property, but is a modular home
Hello,Any advice is welcomed! I am looking at a three unit property that I would like to do an FHA owner occupied loan on. However, every lender I speak with says it won't qualify because of the property "setup". One...
Richard Arden
Making probate notices work
I am looking for a way to source motivated sellers and I am leaning toward probate. I am trying to decider what little info I get from public notices into GOOD use able leads.
Here is an example of a recent notice.87...
Michael Saberniak
Section 179 Deductions
I have done some searching on this and have not found a straight answer. Does one have to be a "real estate pro" in the eyes of the IRS to qualify for the Sec 179 deduction? Or can you qualify by only being an "active...
Trevor Mills
Feedback requested: Probate Attorney follow up email (after call)
BP Team,
I'm working Probate leads right now. My current process is to pull data from my state's register of wills, see who the attorney is, reach out to them directly to see what the Real Property situation is with ...
Nancy B.
Depreciation/Safe Harbor Question
We have a rental property, which is a single family house. Bought it a few years ago for about $35k, so basis is low. In April 2017, we had to re-tile the whole bathroom floor and some of the wall with ceramic tile, w...
Kalvin Henderson
Wholesaling on-market properties
When wholesaling on market properties listed by agents, do I use my title company or would the agent have a title company they use to close ?