Mike Schorah
Have you ever had to go to court for backing out of a contract?
20% of virtual wholesale deals are cancelled and 5-10% of deals with physical appointments are cancelled.For instance... If a seller isn't that truthful with you, you dig into exactly needs to be done with the propert...
Jesse Ottesen
Will mortgage rates trends repeat the second half of the 1970s?
In the Oct 20, 2023 BP Money Show, Mindy and Scott did a good job of warning listeners about relying on predictions of mortgage rates dropping back down anytime soon. I don't think they took it far enough. In 1974 my...
Derek Smith
Meal expense question
My business partners and I typically meet out somewhere when discussing shop to take advantage of our business expenses. However, I was curious with Memorial Day weekend approaching am I able to hold our meeting at...
Christina Hsu
Tiebreaker needed: different opinions on spouse LLC
I have asked several different tax providers, and gotten different answers to my questions each time. I need a tiebreaker! Here's the situation: My husband and I created an LLC in Indiana purely for real estate invest...
Joseph Lamon
Taxed on rental income if still paying mortgage?
Hey guys!I am still very new in this industry and need some help here. I managing my mother-in-laws property and taking care of everything for her via POA. I know ultimately she will have to file the 1099 but are you ...
Ricardo G.
llc , gp, or c-corp??? I'll start flipping houses with 3 other partners what's the best way to set this up?
we will be equal partners all initially investing the same amount of money. I was thinking of going the GP route since we will all be managing the daily operations of the business in one way or another. but I woul...
Abdenour Achab
Charitable Remainder Trust: Control and Expenses
If you have donated assets to a Charitable Remainder Trust, and became the trustee of the trust, please share your experience regarding control and ongoing expenses. I am trying to go through a shoulda coulda woulda e...
Mitch Freed
IRS Foreclosure: Seizure and Sale
Anybody have any experience with an IRS Public Auction where the IRS is auctioning off the right, title and interest of the Taxpayer in and to the property?
This particular sale has a 180 day redemption period I cann...
Timothy Winfield
Adjudicated Property Bought
Hello BP community,
I recently just won the bid on a piece of adjudicated property in Baton Rouge,LA. For those of you that aren't familiar with this process, a property is adjudicated in the parish of East Bato...
Beau Fannon
Austin Economic Review: January 2020
What data do you review to gauge the Austin housing market? Do you only look at the ABOR housing stats or do you look at the broader economy? Where do you think the Austin housing market is heading?
When I was in g...