Nicholas Aiola
Ask me (a CPA) anything about taxes relating to real estate
27 February 2024 | 2053 replies
Unfortunately, as you mentioned, there is no definite answer that I've come across either.Logic would say that since it is a NYC property, NYC income tax should be paid; however, Column B of Form IT-360.1 literally says "Amount of Column A for New York City resident period".I've run into this scenario before and actually spoke with both the NYS Dept. of Taxation and the NYC Dept. of Finance on multiple occasions - neither know the answer.
Adam M.
What exactly is meant by "the promote"?
19 February 2024 | 23 replies
Often some of these documents are provided at or near the escrow close and on occasion are not fully finalized (in the case of the GP entity docs) until after close.
Shak F.
Is 7.5% too high for investment property if I have great W2 and excellent credit scor
17 February 2024 | 40 replies
I've been buying larger commercial deals for a while, but I still acquire a unique short term rental property on occasion.
Justin Johnson
My First Rental Property Freak Out
15 February 2024 | 72 replies
We closed on a house last Friday and both my wife and I were discussing that we didn't have the same excitement we used to have on such an occasion.
Nick Rivers
How long is your turnover time?
9 February 2024 | 9 replies
We have had units with damage and those take longer, on two occasions over the years it took a few months, due to pet damage and willful tenant damage.Generally speaking vacancy is not a problem we worry about. 1 to 2% across all units and I'm fine with that.
Joe S.
Luxury vinyl tile versus ceramic tile
9 February 2024 | 31 replies
Upon occasion, I used to use silicone on a whole job if there was movement present (usually exterior).You want the GE clear silicone....cheapest one...the rest are gimmicky.
Tanuj Yadav
Investing out of state
9 February 2024 | 16 replies
For example, of the 490+ properties we've delivered, we only charged our clients a fee on four or five occasions; these were exceptional circumstances.
Stuart Udis
Why Aren't More Investors Using Construction to Permanent Financing?
8 February 2024 | 3 replies
We've facilitated this for clients successfully on a number of occasions.
Pat Quinn
Anyone invest with Nighthawk Equity?
9 February 2024 | 49 replies
There have been a few horror stories, but the training and discussion in the group have helped me work past the issues, for instance, I became the GP on a couple occasions.
Noah Laker
I host over 100 AirBnB Listings in CA and AZ **Ask Me Anything**
8 February 2024 | 111 replies
There were three dead bodies on three separate occasions.