Bruce Franco
Looking To Help A Good Person In A Tough Spot With Their Home
15 September 2020 | 4 replies
It is not due to Covid, loss of work or any sort of hardship.
Ellie Perlman
Value Add vs Turn Key: Which One is Better?
18 September 2020 | 4 replies
However, you'd better know what exactly it'll cost you in terms of money and loss of income due to down units.
Bradi Gross
Auction Property With A Federal Tax Lien
23 September 2020 | 9 replies
I had them pester us into paying some tax for the person who lost it.. but not redeem it outright. the risk is if you do improvements past making the house safe from the environment.. they don't have to pay you back for any rehab you did to it.. you wont get title insurance until the 120 days is over.these were frankly my favorites.. 90% of investors are scared and don't understand or they need to borrow money and cant.. so its perfect for the true all cash investor.. knocks out a lot of competition and i have gotten some smokin deals on those.No reason you can't get a title policy, it will just have an exception for any loss related to the FTXL.
Jay B.
No rental payments for 8 months. Denied EDIL assistance
27 October 2020 | 10 replies
I have seen several landlords on the forums who had no loss of rents, still applied and received money.
Justin Goodin
6 Incredible Benefits of Passively Investing in a Real Estate Syn
10 October 2021 | 23 replies
Everybody else can only watch their passive losses being suspended for a long time until something gets sold.
Simone Koga
When to Start Listing Your Rental
30 March 2018 | 14 replies
In our eyes, the investment makes sense even with the likely loss in equity, but there is actually a possibility we could purchase the fee down the line, which would be icing on a lucrative cake!
Frank S.
Have you used Upwork and Turbotax to get your taxes done?
16 February 2018 | 5 replies
You can't imagine how many investors I worked with where they simply left closing costs(title costs, lender fees) out of basis calculation.2) Inform you of any strategies to reduce your tax liability.Most real estate Investors file the following forms(individual Level) just in case you had time to read some instructionsSchedule E - to report your rental incomeForm 4562 - To report/calculate depreciation expense on your tax returnForm 8582 - to report any losses that are suspended if your income is above $100,000
Joshua Levine
Investing for cash flow- Cap Rates the 'end all- be all?
23 October 2018 | 21 replies
Even if you do your "due diligence", there has to be some rationale, some of which may be completely outside your control (geographic marketplace, loss of industry, etc) that creates a high-cap situation.
Michael Plante
Lowering rent for tenants to take care of maintenance
20 February 2018 | 34 replies
In CT, the Worker Compensation Board makes the determination of whether or not a person was acting as an employee at the time of the loss.