Trevor DeSimone
Tax Consulting; HALL CPA, PROVISION, KEYSTONE ETC
23 February 2024 | 15 replies
.$3,900 return cost.It likely takes maybe 5 hours to potentially prepare your return and maybe 2-3 hours for someone to review it.This means that you are likely paying close to $500 / hour for return preparation.$6,000 for strategizing supposing you have a monthly 30 minute phone call is $500 an hour.If the cost is $10,000, and your tax rate is 35%, they would have to decrease your taxable income by atleast $30,000 for the cost to justify the cost.
Brian Rodriguez
Encroachment of property/Easement
23 February 2024 | 10 replies
currently looking to close on a property, and the structure of the property is encroaching on the neighbors lot by 6.3ft.
Alun David
Cash flipper advice
23 February 2024 | 1 reply
They are likely either going to close on it as a flip themselves or they are going to sell the contract and mark up the price.
Nikita Baynard
Our First Endeavour
23 February 2024 | 8 replies
As natives ourselves we are looking forward in more endeavors with long term rental investments in the near future.Appreciate the heads up, the property was originally used as an STR and we were able to have the STR permits reestablished with us as soon as we closed.
Tyler Robbert
Questions for MLOs
23 February 2024 | 4 replies
Some companies offer a seasoned vet a draw to move but the draw is repaid by the Loan Officer through his closed loans.4.
Samuel Santos Borges
Cold Caller's Role in Closing Documents for Wholesaling Deals
20 February 2024 | 4 replies
This person would essentially be instrumental in putting the entire deal together.Given the significant role this individual would play, I'm curious about how their involvement is typically reflected in the closing documents, if at all.
Ashley Wolfe
Building a Property Management Company for STR
24 February 2024 | 27 replies
But like I said that loophole has closed in my neck of the mountains, and it never existed on Vrbo.
Daniel Coley O'Grady
Not worth it!?!
23 February 2024 | 6 replies
You can burn a lot of $$ here and close ZERO deals.
Alan Asriants
Playing with the idea of Buying a second home in CDA
23 February 2024 | 9 replies
Skiing is close (depending) plus the lake (Pend Orielle).Your budget should be around 1m give or take.
Chris Seveney
In Over Their Heads?
23 February 2024 | 24 replies
This is not to say an experienced sponsor has bad deals, they will, but an investor typically will not only get 100% wiped out but if the company also took bonus depreciation the LP's will also have to pay that money back to the IRS, so its a double whammy (not an accountant but one may be able to chime in more on this).If you are a LP and invested in a syndication that has bridge debt, I strongly recommend you watch it very closely.