James Piercy
How does received a $50k gift affect taxes?
Hello Everyone,If my mother is to gift me $50k and I set up a payment plan to repay her, how does that work with taxes? I had never heard of being taxed on a gift (silly me). I was originally going to use the gift a...
Curt Smith
private borrowing question: re non-accredited lenders
Greetings, I've bought Alan Cowgill's private borrowing course but I must have fallen asleep when the topic of non-accredited lenders came up.
I plan on registering with my state, GA, and Fed SEC so I can advertise ...
Eugene White
What are the pros and cons to opening a business account?
Hi BP,I just bought my first duplex and wanted to get some advice on whether I should open a business account as a sole proprietor or LLC and what bank accounts I should be considering. Are there any particular banks ...
Charlie Moore
6 kids and one adult want to move into my new unit
I know you can’t technically discriminate against kids but GEEZ. What would you guys do? She’s qualified in all aspects.. just the total of 7 in a 4 bedroom makes me sick to my stomach
Philip Pape
DBA for property management in Connecticut (CT) for rental
In Connecticut, I understand that property managers hired by property owners must be licensed.One of the exceptions is if you're managing your own property or you're an on-site employee managing the property.Here's my...
Shari Posey
A Perfect Time to Move IRA Money into Real Estate
The past two weeks have only strengthened my resolve to end all investments in mutual funds and stocks to invest in solely real estate. I reviewed my investments last year, before the crisis, and my 10-year returns on...
Adam Spencer
Building a Garage ADU
I am wanting to build and Garage with an apartment above it at my home in Ypsilanti, MI. I was told that this is not allowed in Michigan by a friend. Just wondering if anyone knows if this is true or not? Any other...
Dylan Bard
First Syndication Deal Advise
Background:I have a friend that wants to get into real estate investing. He offered me money (around 30k). He lives out of state. I have a 4 properties with 11 doors currently myself. My father sells real estate and I...
Kyle Poodiack
Owner Occupied multi-family
Hello!This is my first post on BP and I am very new to Real estate investing. I am currently looking to buy my first home and want to owner occupy part of a multi-family residence. I am in New Hampshire in the seacoas...
Mary Markov
Best Ways to Set Up Company in Australia
Hi,I was born in Australia, and live here, and have dual citizenship with Europe. I am receiving 3 houses from my parent's estate on the 1st November 2015. I will need to set up a company with my 3 children and we wo...