Pearce G.
Can I buy a 1031 property BEFORE I sell the other property?
22 January 2017 | 9 replies
It is quite a bit more complex than a straight exchange but your QI guides Where Pearce may have issues is in establishing intent that qualifies for 1031 treatment.
Pete McPherson
Analyze first deal, potential rental w/ pics
20 January 2017 | 4 replies
Still trying to determine that).Some moderate termite issues were found just today, requiring $750 for a full treatment before they can issue a termite letter.According to my FHA lender and her underwriter...this termite inspection / letter should be acceptable.
Wesley Jensen
First Property Tenant Potential Issue
27 January 2017 | 6 replies
I would suggest planning to use some deposit for a pest control place to do a flea treatment as a precaution.
James Masotti
LLC - Disregarded entity or requires own filing?
30 January 2017 | 11 replies
If your LLC tax treatment election was corporation, then you would file either Form 1120 or 1120-S as appropriate for your corporate election.
Amy Gullotta
Confused about BRRRR
2 February 2017 | 12 replies
Property you bought rehabbed, rented and then refied are more the properties that qualify for 1031 treatment.
Heather Bettis
SCAM ALERT!!!! Be Careful!!!
2 February 2017 | 4 replies
I do know it's hard to determine if a customer is legit by text especially now that I know there are investors from out of state that could very well be looking to hire us, but be very careful because this scam has shown up on my phone 3 times over the past week and they are all out of town or out of the states for treatment of one type or another and all the houses are publicly listed for sale in my service area.I have been very careful to ask several specific questions because I know there could be legit investors looking to hire us for their out of state investments, but after 3 very similar texts I am sure it is a scam so just be careful!
JW Franz
Should I become the bank?
8 February 2017 | 20 replies
All qualify for 1031 treatment so you don't have the tax bite and all can provide a source of residual income.The question is where does your passion lie.
Susan Bearry
HUD--Inspection revealed major issues undisclosed in PUD
12 February 2017 | 3 replies
After acceptance I got a report of termite inspection and treatment, but there is no evidence of termites where they said they treated them, nor is there a sticker indicating that treatment was performed, but there are active termites in another location.
Carlos Appezatto
Greetings and begginer question
15 March 2017 | 11 replies
@Carlos AppezattoThe example of what to ask a prospective caller I gave was just a blanket example, you need to set your own criteria but the basic of pre screening applicants is " you just gave them the minimum" that you would even consider meeting with them to show the unit.The other posters have given good tips and I think one thing you could do is have someone "Shop" your realtor.. act like a prospective tenant to call or contact, and see how long it takes for a reply, how enthusiastic the person is to meet and show the unit.. and how quickly they can get an appointment.In the rental business we were shopped occasionally even by our own property owners, so we were prompt with calls, gave fair and equal treatment to applicants, and were good sellers of our units for the owners.. in fact their are businesses out there that hire people to shop apartments just for this purpose.