James Sullivan
SDIRA checkbook status and credit card
I have recently went through the process of setting up my SDIRA with checkbook status. The bank that is housing the LLC insisted that I have a credit card. Is it a prohibited transaction to use the LLC credit card to ...
Bill S.
Change of Status - 6 month challenge
So in the vein of previous posts like The 90 day challenge and 1 year challenge I am faced with a 6 month challenge. The story goes as follows.
I have/had a w2 JOB. It's ok, I'm well paid and it provide...
Kyle Lopez
Tax Records and Pre-forclosure Statuses!?
Hello all, I am a local investor in NJ and I've been trying out different methods of finding off market deals. My main goal this week is to find houses that are either in Pre-foreclosure or have already been Foreclose...
Brad W.
Oakland OMI-Eviction and Protected Status
Hi there BP community! Need some input on an OMI-eviciton that has turned into a bit of a situation. Background: I just purchased my first property, which is a duplex in east Oakland. It's two 2/1 units, one of which ...
Bill Wallace
Blog Article Stuck in Draft Status
I started a blog and wrote my first blog posting on BP but the article is sitting in the queue as a "draft" and doesn't seem to be posting. Does it need to be moderated or is there some other issue going on?
Jon Sheffield
Contacting bank for possible foreclosure status?
Hello all,I've been looking at this fourplex that has an out of state owner and looks distressed. Looking at the deed I came across a couple of interesting things unpaid taxes etc. I also came across a portion where a...
Abraham Burns
LLC with S Corp Status Documentation
If we are structuring as an LLC but elect S corp tax status, what documentation do we need? (There are 3 of us and we are planning on paying profit through dividends)Do we need LLC documents (Articles of Organization ...
Jonathan Clark
Financial thresholds for accredited investor status
I have been researching what the qualifications are to be considered an accredited investor this evening. I found a ton of answers through internet searches that all seem to agree upon these foundational criteria:*...
Alex Todd
REPS status scenario + underwriting paper losses
Hi all - my wife and I are planning on a April 2025 1031 exchange into a larger (for us at least...like 5-8 units) multifamily unit. An idea we have is, I am burnt out from W2 life, and wife makes great money (+$300k)...
Melanie Baldridge
W2 employees and RE Pro Status
Imagine making millions of dollars throughout your career and then having to pay Uncle Sam 30-50% every year instead of compounding that cash over time.
This is exactly what real estate professionals have learned to ...