Michael Badin
Partner Buyout with new LLC Multiple Transfer Taxes??
Hi all, I have a situation that I am trying to avoid. If anyone has ever run into it before or knows how to avoid it your knowledge would be greatly appreciated.So my father-in -law and his former business partner ha...
Joni Martin
Finding a Financial Planner who understand Real Estate Investing
My husband and I just met with a Financial Planner who had the deer in the headlights look when we talked about our rental properties and real estate notes. We are about 3 years from retirement and trying to get as mu...
Paul C.
Room for Interpretation in Tax Laws ?
I've been doing a lot of research on rental property tax accounting the past few days and am amazed (frustrated) at how many different answers I'm finding. For example:
1. Pre-rental expenses. On the one ha...
Bao Nguyen
Which is worse: having an eviction or a felony?
Experienced landlords and property managers, I need your advice and opinions. If you had to prospect tenants to pick from, which would you pick?Applicant 1: has an eviction from 2 years ago, with a writeoff of nearly...
Brian Knier
Self Directed IRA for Down Payment for Rental Property
So I'm trying to get myself up to speed on the requirements and details for SDIRA funding for real estate investments. If I were to use personal SDIRA funds for a 20% down payment on a buy and hold rental property and...
Malia B.
Purchasing w/ Self Directed IRA
Hi BP. I'm interested in learning about purchasing property with a self directed IRA. I have a 401k from an old job that is sitting, growing slowly. If I can learn how and it makes sense I'd like to use that money to ...
Brian Pleshek
My First Auction
How did I do on this deal?So, I decided to purchase a second rental property. The property I found was a SFH on foreclosure auction. The price I finally bid was $76k with approximately $4k closing and buyer's premiu...
Matthew Vanhorn
Is 1031 Exchange a cheat code or just a better way to sell bad properties?
Gut feeling is that 1031 Exchanges are a cheat code to scale a portfolio faster than one could otherwise. But I listen to all of the podcasts, read many of the books, and haven't seen/heard a solid strategy of how to ...
Bruce Scannell
LLC Formation, who's the managing member?
BP world,I'm trying to put together the operating agreement for a property holdings LLC and need input on the pros and cons of making myself managing member. I have a management LLC with my wife and I, and I'm looking...
Steve Genna
-- Newbie Looking to 1031X a Condo Into Multiple Properties --
Hi Everyone,Although perhaps taboo nowadays, I started gaining interest in real estate buy and hold transactions via Morris Invest. My goal was to utilize my current (non-performing) asset to kick-start a strategy fo...