Blake King
Where to save for a down payment?
Hello Everyone!I am starting to save for a down payment on my first home. I want to have 20k by April 2018. I am just out of college, and the last 3 months out of school i have been working full time and have been ext...
Kent Chrisman
SD-IRA and UBIT questions
I'm looking into setting up a SD-IRA with an old employer retirement account in order to get into a syndication but I have 2 questions:- I'm assuming that I will be subject to UBIT due to the operator/syndication gett...
Julia Rockwell
[Calc Review] Help me analyze this deal- am I on the right track?
View report*This link comes directly from our calculators, based on information input by the member who posted.Hi BP!I am new and have a few questions. Bear with me here and apologies in advance for t...
Ken Tsai
LLC for rental property - multiple location
Hello BP family, question for you.So I am about to make offer on my first MF units in state of Illinois ( I am in CA) I was told that I should open LLC and have property under for tax and liability purpose.So my ques...
Thomas Mason
Analyzing my first deal
Howdy, Being new I have a lot to learn but i want to walk through an exercise to analyze a deal that with my numbers do have a very good return but being human I'm sure i will make mistakes.Property - 2/1 single famil...
Don Clark
Wholesaling REO's?
Hey is there anyone on BP familiar with the actual process of wholesaling a REO occupied property? I ran across the property today while scrolling through a nice neighborhood here in Atlanta. I wrote down the addre...
Mike Flora
1031 purchase replacement property below market value
Can this work for a 1031 exchange and how would this be taxed. This is an example below but easily could be done in the future of my business.
I️ sell my free and clear property for 100K, which is what it appraised f...
Jason Chu
How do landlords deduct expenses that span multiple properties?
I am wondering if there has been any real solid resolution on this topic. My CPA has instructed me that the auto expenses (at least the proportion used for rental activities), overhead such as office supplies, sof...
Lisa Eckman
New to Private Lending
I'm new to Private Lending. I've been concerned about how to cover myself in a transaction, but am now asking about if there is anything legally I need to do to be a private money lender. Anything legally required? ...
Martingale Kim
Gift tax from foreign parents
my parents in law want to give us $60,000.i know there's a $16,000 gift tax limit. so to qualify this limit, does my parents-in-law need to wire me and my wife respectively 4 times at $15,000 each time?what will be th...