Good afternoon BP! I am getting into wholesale in the Chicago land area, so far I have had little trouble getting in contact with "motivated sellers" and getting things under contract. I am working on getting my first...
The property was originally purchased in the 1940's. Mom and dad put the property in a bypass trust in the early 2000's and one feature of this type of trust is assets never get a stepped-up basis. Parents passed away...
So I have a question that I've doggedly tried to find the answer to. I've heard from the REI community that it's best to put each investment property under their own LLC for personal asset protection. However I'v...
Disclosure: I represent Affinity Loss Prevention Services, the chosen loss prevention partner of NREIG/AGMThis question and a few items came up in another thread and warranted further discussion.@Gautam Venkatesan @Da...
Okay so I have people message me that are out of state that are doing deals in my area and i have heard of wholesaling online. Does anyone do this and can explain to me how this works? The internet is terrible for thi...
So I have a bare lot I am selling. Lets say I get 100k for it. My plan is to 1031 this into a duplex. It looks like I can occupy one side of the duplex as long as when I sell the duplex that side isn't considered 1031...
As a specialized real estate CPA serving investors nationwide, I'm here to provide expert guidance on your most complex tax matters, from navigating 1031 exchanges and cost segregation studies to optimizing your renta...
Has anyone rented their roof for additional monthly income as it relates to solar energy?This opportunity has presented itself to me and I'm doing a bit of research. I can rent my roof to a company for solar power. If...
From your experience, where did you find your best and responsible tenants? Was it from referrals or word of mouth? Or craigslist or sites like zillow?If you use referrals, do you give incentives like cash or gift car...
Hi biggerpockets community! I come to you seeking sage advice yet again. So here's my situation. I'm currently handling all management of a friend's downtown Seattle condo via Airbnb while he's living abroad. Things h...