Oscar Perez
Starting my real estate journey with an apartment complex
15 February 2023 | 30 replies
Looking for a team with a strong track record of acquisitions, dispositions, and investor returns/payouts is a good starting point, and at a minimum you should have several conversations with them before investing any capital with them.
Uche Ejiogu
New and just starting out! Looking for advice on how to get started Wholesaling?
12 March 2023 | 5 replies
My advice would be to give disposition the same attention as acquisition.
Gary Parilis
Guidance needed for forming partnership (or JV)
24 August 2020 | 11 replies
I've been communicating a lot with a potential partner, and we're very compatible (dispositionally and in our objectives), and we've built up a good deal of mutual trust over a couple of months, discussing deals in detail, etc.
Kenny Simpson
12 months seasoning for CASHOUT 1 to 4 unit refinances, EXCEPT?
7 March 2023 | 3 replies
Fully executed written agreement by borrower and co-owner stating terms of property transfer and disposition of refinance loan proceeds No cash back is permitted to the borrower retaining sole ownership of the property.
Lewis Gichuhi
Problem with wholesaling
25 February 2023 | 7 replies
You will just be bothering him because he already has a disposition plan, which could involve the asset being given to a family member, or even involve intentional foreclosure if there is a mortgage involved.
Katelyn Atcavage Robideaux
Transferring active STR to new owner
7 February 2023 | 18 replies
BingoFor each new property we acquire, we set up a dedicated email address, airbnb profile, etc etc with the intention of transferring everything to the buyer upon disposition.
Anthony Hollis
Listing a Wholesale Deal in the MLS
29 November 2019 | 49 replies
However, no transaction negotiated through a real estate broker who meets the criteria of subdivision (a) or (b) of Section 10232 shall be considered in determining whether a person is a real estate broker within the meaning of this section.(2) “Sale,” “resale,” and “exchange” include every disposition of any interest in a real property sales contract or promissory note secured directly or collaterally by a lien on real property, except the original issuance of a promissory note by a borrower or a real property sales contract by a vendor, either of which is to be secured directly by a lien on real property owned by the borrower or vendor.(3) “Own funds” means either of the following:(A) Cash, corporate capital, or warehouse credit lines at commercial banks, savings banks, savings and loan associations, industrial loan companies, or other sources that are liability items on the person’s financial statements, whether secured or unsecured.
Joaquin K.
Cost Segregation Calculator?
17 March 2021 | 6 replies
Annual, evergreen reviews are important to find annual expenses from dispositions, additions, favorable changes in tax laws while also using the changes to drive lower insurance and property tax premiums.- Do they include energy tax benefits within their study?
Kevin Gerace
can I write off flip expenses for a house selling in 2016?
9 December 2015 | 6 replies
@Kevin GeraceThe last time I read the rules on tax reporting for dealer dispositions, the rule was that all money spent on the property is included in the cost of goods sold on your schedule C (1040).
James McGovern
Filing Taxes as a Flipper?
11 October 2020 | 2 replies
An individual can use any method they like to account for capitalized and immediately expenses expenditures (including the shoe box method).An individual who infrequent and sporadic flips, would report the expenses (if any) on Schedule C and the disposition of the asset on Schedule D (capitalized costs add to basis and reduce the capital gain).An individual who is flipping houses as a business reports their income and expenses on Schedule C.