Michael Plaks
Explained: RE Professional & K-1 syndications
Before we start... This post focuses on one highly technical issue related to syndicated investments: taking K-1 losses while being a Real Estate professional. I recommend you first read my earlier post on the overal...
Traverse Zink
Legal Vacation Rental Friendly City in Costal Florida? AirBnb?STR
My family is from Alaska & we're looking for a city in Florida that we can purchase a "legal" vacation rental that we can list on AirBnb and the other sites. Our goal is to get out of AK and warm up a few times p...
Timothy Franklin
Clarifying the wholesale transaction
Hey all,I would like someone who is experienced in wholesaling to verify the accuracy of my understanding of the wholesale transaction. I understand the process as follows:Step A: wholesaler places property under cont...
Landon Sheveland
Common Mistakes/ Beginner (Fix and Flip)
Hello,My wife and I, are attempting to purchase our first property. We plan on living in the house and doing most of the fixes and renovations ourselves. Just have a few questions before we get to deep into the proces...
Tzvi Rosner
Subject-to deals
Why would someone sign over their entire home to me just to be able to avoid the responsibility of paying the mortgage. They can move out and rent/lease and cover the mortgage which is any way what the prospective buy...
Michael Cutting
Inheriting tenants-at-will in Massachusetts
Hello, BP!I've been doing some diligence on an 8 unit apartment building by obtaining details from the seller's agent and running some analysis. Outside of the numbers, I've got a few details around this potential opp...
Sandy Uhlmann
Lease options acting similar to Sub 2?
Situation: Unoccupied brick triplex (3000 sq. ft) in blue collar area of town. Landlord is tired of being a landlord. Has a growing family and wants to sell for what he has left in his loan-$60,000. I am trying...
Steven Hamilton II
$500 safe harbor increased to $2,500 for taxpayers
Good news everyone, the $500 de minimis safe harbor limit was increased to $2,500 for taxpayers who place property in service, that are NOT required to produce an audited financial statement(applicable finance stateme...
Chris Yung
Chris from San Francisco, CA
Hi everyone, I'm excited to finally be a part of the community! I'm a 26-year-old living in San Francisco and working as a software engineer. A couple months ago, I got hooked on the idea of real estate investing and ...
Account Closed
Basis when purchasing subject-to
@Steven Hamilton II and @Dmitriy FomichenkoI read some threads recently where the info on basis when purchasing sub2 seemed conflicting. 2 years ago I bought a property subject-to the existing liens of $250K. Then f...