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Stephen M.R. Covey, highly sought after and successful speaker, author, and advisor on trust, leadership, and ethics, as well as son of Stephen Covey, 7 Habits of Highly Effective People, believes change and efficienc...
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hey all. I need the wisdom of this ever so intelligent website to answer some questions for me. My real estate agent, lawyer, and estate planner do not have a good enough response for this so I was thinking of reach...
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Hello everyone. I'm interested in lending money out using a self directed RRSP or TFSA account (I'm Canadian). They are called Arms length mortgages in Canada. I was wondering if anyone has done this before and can of...
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My Stepson's real father is a realtor for a company here in the same town and he has been trying his hardest to get me to buy a property off of him for months now. At first i told him if he brings me a good enough dea...
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Hi,Does selling a single family home and taking the profit to reinvest in a multifamily syndication qualify as a ‘like kind’ investment? I have held the asset for 6 years so it is not a short term investment. Thanks
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This year my AGI was over $150k and therefore passive income loss limitations eliminated my ability write off losses from my rentals. I am not a real estate professional and I don't see that as a viable path at this t...
Hi, We are a married couple and own a primary residence in Bay Area, CA and another investment property in Redmond, WA. We recently setup a trust in California. My attorney mentioned that the state of Washington has v...
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Hey what are you doing outside of an LLC for asset protection in regards to rental property? I have heard of these "bullet proof" irrevocable trust but I haven't met anyone personally that has had one set up for them....
Hi All,Here's a little story for you....We purchased a property and resold using Owner Financing and used an attorney for the closing. We and the buyer completed and returned all paperwork to complete the transaction ...
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Hey BP family,I hope everyone had a great 4th weekend!I had found a deal here in Austin, TX and was talking to a private lender/partner about the deal (not on BP to my knowledge). This person ended up going around me ...