Michael Plaks
Tax reform Q&A Thread 1 - Pass-through and 20% deduction
Colleagues and friends, The original GOP reform thread started by @Brandon Hall is well over 200 posts by now. This is one of the follow-up threads specifically for discussion of pass-through entities (Sch C / Sch E s...
Ryan Sanders
Lease Option legality issues in CO?
I have been looking heavily into lease options, but I have seen some on here saying there could be legality issues. Apparently some laws were enacted on the federal level to restrict a person's ability to take advanta...
Account Closed
Can you do a 1031 exchange of a personal residence (trick question)?
When you read section 1031 it is very clear that personal property is not included in this type of exchange. Homeowners that qualify though can take the section 121 exchange.
There are circumstances though that a 10...
Kellan Martz
Should I put investment property into an LLC or a trust?
Three of us are planning to buy a single family home or duplex for a buy and hold plan this summer (or before). We know we most likely need to take title in our own names for mortgage purposes, but then want to transf...
Dori Arazi
Insights on Cleveland?
I’m looking for more up-to-date information about the Cleveland market. Is anyone active in that location?
Harold Felder
To Use a Realtor or Not to Use a Relator. That is the Question.
Hello BP Community,Background:I currently have a real estate agent who has brokered all of my investment as well as personal real estate purchases. This includes the 3 SFH and a fourplex that I just completed rehabbi...
Kelvin Duen
Investing / BRRRR - ing in High Cost of Living Areas
I'm still new to REI and I understand how BRRRR works but it seems like it only works out in low to mid cost of living areas. I'm trying to understand how the expenses for a property in a HCOL area, like the boroughs ...
Emmett Gorman
1031 Exchange Questions
Hello All,I am not currently in the real estate market (have 1 semester of college remaining) but am trying to do as much research as I can now so that I can hit the ground running once I graduate.I read "Wealth Prese...
Ashley Rae-Lynn Taylor
Pre-Foreclosure Advice Needed
We found an off market deal that is in pre-foreclosure. What are some things to search for before making an offer? What could pop up that we may have to pay for once making an offer? The owner seems clueless and just ...
John Alosio
Tax Question - Put into service as a rental
Hello Great people of BP!I have a question regarding depreciated improvements on a rental property. I do have a CPA. But I just wanted to get a second opinion on my situation.
My first question: This past year I move...