Landlords, BIG and small...Here's a question for you.How many minutes/hours do you spend every month on average doing all of the following: (per property)1. Calling your Operating team - Property Manager, leasing agen...
Hi BP, a friend of mine is in need of an expert witness to testify in an upcoming fraud case involving flipping houses (it will be a few months from now). He was defrauded out of $500k+ by a flipper that he was invest...
Ok, so you can, but you can't. I fully understand (no, I don't).
No, I don't want to vacation in the vacation home my SD IRA owns. Please don't point me to an IRS pub.
That you can't personally benefit from the p...
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Hi BP. I am in a bit of a pickle. I am awaiting a response from my custodian and thought I'd throw this to the community for discussion.A wholesaler has a contract I want to acquire and requires a $3k non-refundable d...
Hey guys...I'm new in here. I have been asked to become part of a group of developers who develop on a large scale basis ($500MM +). My job, according to them, is to find investors who want to invest in a "shortfall...
We are completing a 1031 exchange. First property in CA, 2nd in Houston, TX. Some friends say they have completed 1031 exchanges on their own and all you need is 'keep a paper trail of transactions'.However, given t...
What is the most effective and convenient way of collecting rent money from your Tenants?
Does anyone have any recommendations on the best bookkeeping strategy or service. I have 7 properties and some short term rentals and this is currently the bane of my existence
I asked a similar question earlier today about putting a rental property in service and deducting the costs of the rehab on Schedule E. Okay, looks like I can't deduct the make ready costs and I can tally the improvem...