Joshua Allen
Advice on how to proceed
Should I just inform the seller that this isn't a singular transaction and that I am intending on wholesaling for a profit
Mike R.
Recording insurance proceeds in Quickbooks
Accounting/quickbooks question. The waterline broke between my rental property and the street. I paid $2900 for a new waterline and $490 to redo the sidewalk for a total of $2390. I recorded the waterline as a capital...
Bridget Smith-Osbourne
Expired Tenant..Proceed with caution!!
Here is my situation; 70 year old Tenant(s) has been renting for past 16 months . One year lease which turned into a month to month. Received a call from neighbors of Tenant, that wife passed away... inside house and ...
Alejandro Bautista
How to Proceed LLC/SCorp
I have a duplex that I lease out, and recently got married where my wife and I are over 150k (salaries combined). Trying to figure out how to proceed I have an SCorp already that was just created, I will have to see i...
Stuart Fraass
Where to invest 1031 proceeds
I am 50 years old, live in NYC, plan to retire in Florida in 15 years when my children have graduated high school. I own a commercial mortgage company, have owned 8 sfr/condo rental properties and would consider mysel...
Michael Henry
IRS Code 453: Deferring proceeds
I just learned about the IRS Code 353 Structured installment sales today. Wondering if anyone on BP sold a property and deferred the proceeds under this code?
Domenic Tankersley
How to proceed - help required
Ok my goal is to purchase a Multi and live in but I have one simple hurdle. I don't have much to put down at this point. My credit is great and I know I can get financing FHA or conventional - so what strategy should ...
Carol Lam
Foreclosure property - distribution of proceeds
Hi,I found a foreclosure property that I am interested in. Bank is foreclosing on the 1st loan. If I won the bid, does it mean I won't be responsible for 2nd loans? How about if there is an abstract judgment on the...
Brendon DeSimone
LLC bank account for proceeds
I buy each house I buy/renovate/sell in a different LLC, solely for the purpose of the investment. When I close, I have to open up a new business bank account, just to deposit the money, only to close the account week...
S. Diane Ridgway
Excess Proceeds from tax liens
I am looking for someone to help me get started with tax lien excess proceeds. I need to be able to ask questions and I'm willing to pay a percentage of the commissions for your efforts. I have searched the internet...