Two years ago myself and a friend purchased a distressed single family home and rehabbed it. We purchased the home & rehabbed it with cash and unsecured loans. A quick break-down of the numbers look like this.
Pu...
Curious about where people have formed their entities and why.Thanks!
Hi all,I have a scenario that I would like to run by the forum members to determine if there are any next steps I can use:In 2014, I bought a small 50 X 50 lot in Coeur d Alene, ID. The purchase transaction was throug...
Hi BP fam!Here again with some exciting news... I'm buying a house!! Closing is scheduled for the 27th of this month and things are progressing as they should. I am super excited as well as nervous, but feel more read...
Hi all, hope you are well this evening. Considering the following scenarios and would like opinions about whether the IRS would consider them allowable transactions, please.
My brother and I each have our ...
Hello everyone,
I have heard varying opinions from many friends about asset protection as related to real estate. To get an LLC or "no" LLC is the most common thread of discussion. I thought - why not ask the questi...
I've asked a lot of people but not getting any clear answers. These questions are keeping me up at night!
1.) My wife and I want to maximize number of conventional loans. We heard if lenders see that we file taxes to...
I have an aging duplex purchased in 2012 with substantial gains and I'm considering cashing out to build a 4plex. Would this be considered a "like kind" exchange in the eyes of Almighty IRS b/c it's a new construction...
Hi BP,I am moving and try to keep my primary home and rent it out. Can I transfer my primary home into my LLC as an investment property?
Hey BP! I've recently switched jobs which has given my previous IRA account the ability to transfer banks. While researching REI, I've come across the idea of using a self-directed IRA account to invest in real estate...