Sebastian Madariaga
1031 exchange requirement
Hello BP community!!I’ve been reading into the 1031 exchange and was curious about a requirement someone was trying to explain to me.I was told if you complete a 1031 exchange you must rent out the property for xx amo...
Heather Lizotte
Tax deed foreclosures in Florida
Hello everyone,I am new to this site and hope someone here can help me. I have lived in Fl for 5 years before that I lived in Indiana where I purchased 2 propertied and rehabbed them to sell. I have seen houses list...
Gala Klein
Auction properties & Liens
Hello BP Nation! I need a little advice from the knowledge of the collective. I'm doing the due diligence on a property that's going to foreclosure auction. I have tried contacting the owner multiple times, but she's ...
Ken Austin
Self-Directed IRA: Operating Agreement
I'm in the process of establishing an SDIRA, which will hold 100% of the member interests of a to-be-formed LLC. Does anyone have a sample "IRA LLC" operating agreement (or web link to an op agreement) which you woul...
Steve R.
Absentee bidding at a Sheriff's sale- any words of advice to protect myself?
Hello,
I want to bid on a property at a sheriff sale but I will be put of town on that date. The sheriff requires a certified check (20%) from the winning bidder. The check must be made out to my name and if I'm the ...
Andrew Bosco
Scaling a STR Business
Hey all, What would you consider are the MUST have tools to scale a STR business? Here are some noteworthy tools that I've used and looked into; 1. PMS: Hospitable / Guesty2. Dynamic Pricing: Pricelabs3. Task MGMT: Br...
Edward B.
Tax writeoff on a charitable donation of property in Virginia
I attended a local REI meetup last night and the guest speaker was an auctioneer with 37 years of experience in RE investing. He was selling a strategy of buying properties on cheap because they were good for nothing ...
Steven Parks
SD IRA legality issue
My friend and I both rolled our 401 K’s into SD IRAs. To get the cash out of these IRAs, can he loan me his IRA and I loan him mine and then cash them out, due to the fact we aren’t prohibited members?
Jimmy S.
Did my accountant screw up?
Long story short............. under my schedule e he put 365 days fair rental days when I purchased the property 8/20/14 and was really only like 120ish fair rental days. Now I cant use any of that income under Fannie...
Dylan Osmon
Bankers on FHA loans
Are some lenders "better" or more versed in using a FHA Loan. I already own a property through a conventional loan and I am ready to buy my next. I want to use the all to powerful method of using a low money down FHA ...