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14 October 2020 | 0 replies
However, I have heard of one case where the lender required a "whole house" arsenic treatment system, which are about $2500-$3000 installed.
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28 October 2020 | 11 replies
@Bryan Brooks Many investors would welcome a cash flowing rental with tenants.Just be honest with the tenants prequalify prospects ,your tenants should only be bothered once or twice for a visual inspection and possibly a loan appraisal.Plenty if investors are looking for exactly what you have.Best of Luck!
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18 October 2020 | 2 replies
If you purchased that property primarily for resale (fix n flip) then it does not qualify for 1031 treatment.
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20 October 2020 | 9 replies
@Jason RuelloAs said below, 5-10% of monthly rent should be allotted towards TRR (treatments, repairs, replacements).To get a more accurate number or capital expenditures, you can examine the age and state of major items of the house such as the roof, HVAC, water heater, etc.
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20 October 2020 | 6 replies
Depends on how the foreign business is treated under US income tax law, and what treatment you elect under the check-the-box rules if the foreign entity is not a per se corporation for US income tax purposes.I strongly recommend you speak to your tax professional.
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20 October 2020 | 16 replies
For this reason, many self-employed, tax status traders do their trading through a wholly-owned corporate tax entity, either S or C (usually S), to open up retirement and health insurance planning opportunities.Second, you should talk to your tax professional about a Sec 475(f) election, and the interplay with the QBI deduction thereunder, taking into consideration Specified Service Business Treatment and phase-out limitations.
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20 October 2020 | 4 replies
The fact that REO properties are always AS-IS has nothing to do with the fact that many sellers of real estate are offering their property subject to inspections and negotiations on treatments, repairs, and replacement.
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5 November 2020 | 8 replies
Hello,I'm trying to wrap my head around the "refinance" part of the BRRRR strategy.It's hard for me to imagine how the refinancing part works without seeing visuals.
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23 October 2020 | 2 replies
Updated all lighting throughout, paint, exterior and interior, cleaned up landscaping, added new sod and landscape lighting stained all decks, window treatments, kitchen hardware, updated furniture and excellent photos.
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29 January 2022 | 92 replies
Luckily, the exterminator found no evidence of them in any other unit and it was only $980 for the guaranteed treatment.