All Forum Posts by: John Jacobs

I have been a Limited Partner (LP) on several apartment building syndications.  I have been told that as a LP that I cannot participate in a 1031 Exchange when that apartment building is sold.  I was wondering does the same apply to General Partners (GPs) or can GPs participate in 1031 Exchanges?

Hello Bigger Pockets,

I was wondering whether my self-directed HSA would incur UBIT in the

following scenario:

There will be a conventional loan (i.e. a bank) in first lien position.

My self-directed HSA will be in second lien position. My self-directed

will be a straight debt lender and will charging points and a % per annum

let's say 2 points and 12% per annum.

Will my self-directed HSA be subject to UBIT?

If not would you explain why?

Thank You

John Jacobs

Hello Bigger Pockets,

I was wondering whether my self-directed Roth IRA would incur UBIT in the

following scenario:

There will be a conventional loan (i.e. a bank) in first lien position.

My self-directed Roth IRA will be in second lien position. My self-directed

will be a straight debt lender and will charging points and a % per annum

let's say 2 points and 12% per annum.

Will my self-directed Roth IRA be subject to UBIT?

If not would you explain why?

Thank You

John Jacobs

Hello Bigger Pockets,

I am about to lend on a single family home in Kansas City, Kansas.  Does anyone know of a Kansas attorney who can draft a Mortgage and a Promissory Note?

Thank You

John Jacobs

@Mark Caudill  Thanks for the progress report.  Things appear to be coming along.

John Jacobs  Indianapolis, IN

Hi Michelle,

@Account Closed  I am sorry to hear about your experience with Dustin Rose.  I am a private lender and am quite active. You had said regarding this experience with Dustin Rose: This has taught me what additional measures to take to protect myself when lending.  I was wondering what specifically has this experience with Dustin Rose taught you?  What "additional measures" would you now institute? Thank You

I don't know Jacksonville, Florida well.  Is the 3500 block of Smithfield Street (Zip Code 32217) in a safe, good neighborhood? 

Thank You

Has anyone out there set up a HELOC on their primary residence and then use that HELOC money to private lend to real estate investors? If so how is it working out for you?

@Rebecca Holmes  Thank You  John Jacobs

I need a recommendation for a real estate attorney who operates in the Milwaukee, Racine, and Kenosha areas----any recommendations?  Thank You