Michael Almand
Paying a contractor for a scope of work
28 January 2025 | 9 replies
What do contractors typically charge to come out to a potential property and walk through and fill out a SOW with pricing?
Lacey A.
Rent to Myself
20 January 2025 | 5 replies
Once converted to a rental, repairs and improvements may qualify as deductible expenses, but pre-conversion repairs typically do not.
Account Closed
PM needs ss#
22 January 2025 | 14 replies
- Of course, most of these PMCs weren't even properly licensed and were typically one-person companies.If you have an LLC, the PMC will only need the LLCs EIN.- If you chose to set up your LLC as a pass-thru entity, then you will need to supply your SSN.FYI - to avoid getting nasty letters from the IRS about errors (which might cause us to be audited), we will ask for a copy of your EIN assignment letter or a copy of your SSN card to confirm those numbers.
Cosmo DePinto
Moving property from personal to LLC
27 January 2025 | 6 replies
Refinancing: If the lender doesn’t approve, refinancing under the LLC might be required, but LLC loans typically come with stricter terms and higher rates.3.
Manuel Angeles
Affordable Housing Development Capital Stack Structures
17 January 2025 | 7 replies
The capital stack especially in CA is VERY complex and typically involves everything and more that you mentioned.
Michael Overall
DST or other mechanism
20 January 2025 | 3 replies
The typical DST that an informed investor would seriously consider is only available for 80-120 days.Happy to chat nuances if you’d like to DM me.
Lau Cor
Putting the investment in an LLC
21 January 2025 | 4 replies
Conventional loans are typically in your personal name, while investment property loans, like DSCR loans, will need to be in your LLC's name.
Tina Wells
Valuing Basement Square Footage in Comps
26 January 2025 | 5 replies
Then, I typically see them take about a half to a third of that number for the adjustment factor.
Jack Sarcia
I sell bank foreclosures...ask me anything!
30 January 2025 | 5 replies
In 2020, it came to a near complete stop.Banks go through the foreclosure process typically taking 4-8 months.
Cameron Marmon
Did I mess up when establishing this LLC for my wife and I?
28 January 2025 | 11 replies
You can typically change the way the entity works - may or may not make a tax difference, but you're only 6 months in so I imagine you're showing a paper loss anyways?