Looking into IRA LLC and had a question about the cash flow from a property. Does that go back into the IRA? How about setting up a management company to manage the properties, and do the maintenance. Would this be pr...

Hi Everyone,My wife and I just incorporated and are still getting everything established for the corporation.  After much research, we went with a C-corp over an S-corp. Anyway, my wife owns a home in New Mexico (we l...

Hello BP,I did some research and couldn't find if this has been tried before. I have my first flip under contract but I wanted to run this strategy (I thought of last night) by the BP community to see if anyone has tr...

Hi all!  My husband and I are currently selling an investment property with the goal of a 1031 exchange and have some questions around the debt component.  
For simplicity's sake, if the property will sell for $1.5m ...

Hi everyone!I'm trying to bid on this foreclosed house on Xome.com but they have a clause that says "Buyer will need to agree to signing a Hold Harmless. Buyer agreeing to leaving as an exception on title. Adverse Pos...

I started another LLC in 2017 with a focus on wholesaling and flipping homes. We held nothing in this company and sold everything no longer than 5 months. Our CPA is saying we will be classified as a dealer/trader a...

We are selling a property we have purchased in Nov. 2018, and are scheduled to close on May 8th.We did a rehab on it, used the brrrr strategy and rented it out from June to January to a short term insurance deal that ...

Has anyone had experience with issues resulting from their property being held in an LLC? Baltimore City has a final City Council meeting at 5:00 PM on Monday 11/19/18 to vote on the bill 18-0189 (Short-Term Residenti...

I have been getting prepared to present a seller financing package but I am unsure concerning taxes and the balloon payment. Will the seller have to pay taxes on the balloon payment? If they sell the property in form ...

Hello All:I've seen this question asked and haven't really found the answer to the question.I find the address of the owner of the property but usually can't find the phone number. I use to find it on the internet thr...