It looks like they've transferred a huge number of derivatives into an FDIC insured subsidiary, with the government's permission:
http://www.bloomberg.com/news/2011-10-18/bofa-said-to-split-regulators-over-moving-mer...
Sharing some info from two sources this weekRegarding states looking to strengthen seller financing licensing requirements and court decisions for those not licensed:First from Facebook group school of sharks:Hey guys...
I have been involved in an excellent discussion about the Safe Act. The question is what type of liabilities or you opening yourself up to by discussing the Safe Act on BP. With it being so vague and implemented in ...
Hello,My wife and I are looking at doing a 1031 exchange and purchase a property on the Oregon Coast. We understand that it's not very realistic to expect that a vacation rental will be the greatest investment but thi...
I own a highly appreciated SFR in AZ and am planning on selling once my current tenant's lease expires early next year. My thoughts are to 1031 the gains into a vacation rental (or possibly a full time rental). If I o...
For those that are interested, see the new IRS Notice 2019-07 that was just released. After a quick skim (page 7), it looks like we finally have our guidance on possibly claiming the 20% QBI deduction on rental income...
Hey BP, I listened to podcast 327 a few times and trying to figure out what David Greene was talking about when he said he got a commercial line of credit for 500k and then bought a few houses, rehabbed them until the...
I want to remove a tree that is hanging over a rental property to prevent any future damage. Can I expense this cost as routine maintenance or is the cost capitalized?
OK, I have done a bunch of reading and still finds some of the new rules confusing. So I have a few specific questions on these new safe harbor rules.There are some very helpful existing blogs and threads covering th...
Hi all. I bought our primary 4 bedroom residence in 2020 for $930k and it has increased in value to $1.43m (woo hoo!). Now that the value has increased $500k, any additional increase will be taxable income when I do s...