Brandon K.
Deeding from one land trust to another
I keep my properties in land trust. I am interested to know if deeding a property from one land trust (with one LLC as trustee for flipping deals) to another (with a different LLC as trustee for buy and hold) is a tax...
Jessica Howell
Sole member LLC formation
Can someone tell me what should be listed as Capital Contributions and Initial Contributions for an Operating Agreement?I am planning to include the estimated property value and the funds that will be transferred into...
Steven Lowe
Rent Strike 2020 -left wing nut jobs or something to worry about?
There is a growing political movement, at least on Twitter, called Rent Strike 2020. Basically the message is that they are demanding that the governors of all states "freeze all rent, mortgage, and utility bill coll...
Tony Tran
1031 Exchange % Interest
Hello BP,
I am in need of your infamous brilliance. I am currently going through a 1031 exchange and wanted to ask a few questions about 1031 to understand the scenarios better. Thank you for any help you can...
Jim Rivell
Friction with New Tenant Onboarding
Our current process is to send a lease agreement via Docusign then follow up with adding our tenants to Rent-Redi, but we have noticed some tenants take days/weeks to sign. We assumed Docusign would be the most effici...
Chris Moore
Experience investing out of the US, and surprises?
Hello BP,Short version: anyone know the tax/banking/currency consequences for investing outside the US? Or where I can find this? (obviously find some international tax attorneys/bankers, but hoping for some friendly ...
Andrew Lisi
Using IRA for Down Payment? Good idea?
We are looking to purchase our 1st investment property. As I'm learning more, I want it to be a 2-4 unit multifamily home that we would "house hack." We don't have enough savings for a down payment in Chicago (city pr...
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Is this a capital gain?
I'm involved in an assignment or a double closing. Party A is selling her home ( personal not eligible for 1031 I dont think) for 375,000 to party B, then B will sell it or assign it to Party C for a FEE of $50,000.
...
Tyler C.
Seller Financing Opportunity within the Family
I have a great opportunity to buy a condo with a couple family members from our grandparents for $50,000 with no interest (they want to keep in the family but need some monthly income). However we are looking to do se...
Joe Walsh
Maryland PHIFA Law Violations
Is it a violation of PHIFA to buy a house subject to an existing mortgage that is about to be sold at foreclosure auction? The purhaser would make The defaulted note current plus give cash to the seller, and give the...