Kevin Hoover
Limited partnership to TIC - Can a child get joint property without capitol gains?
1 January 2025 | 4 replies
Consult with a tax advisor or attorney familiar with both partnership law and real estate to ensure compliance and minimize tax liability.Once under a TIC structure, 1031 exchanges for individual members could allow them to reinvest proceeds from the sale of properties into new ones without triggering immediate capital gains taxes.
Jordan Sachs
Take my neighbor to civil court over dead tree?
9 December 2024 | 23 replies
If they refuse to help, then send them a demand letter through an attorney.If they still refuse to help, take them to court.
Derek C. Thompson
ATM Investments fund
28 December 2024 | 13 replies
There was a recent webinar, bottom line, it looks like Darryl Heller sold off many of the ATMs, didn't pay the people who put the cash in them, didn't pay the stores that have them on site, isn't providing information to David Zook's team that the court has ordered and is racking up something like $50k+ a day for not doing so...it is a complete mess and seems like there are only a fraction of the ATMs that might still be producing money but the company hired by Zook to get their hands around all of this is running into many roadblocks because Heller's team isn't providing info.
Troy Smith
CPA tax advice.
9 January 2025 | 11 replies
I love when the court is extra sassy in response/summary.
Marcos Carbi
Advice Needed: Long-Term Tenants Behind on Rent – How to Handle?
18 January 2025 | 8 replies
You can try small claims court, but nothing is enforceable, so it is mostly a waste of your time...and some of the problematic tenants know this.I agree with Jill, if they do make payments, take cash or money orders-no cheques.
Jon D.
Relocation / selling vs investment?
22 January 2025 | 12 replies
I used the proceeds of the primary residence I owned in NC to grow a portfolio of value add buy and hold here in College Station.
Kyle Carter
How to build a out of state team
7 January 2025 | 8 replies
Ask if they upcharge maintenance, charge to go to eviction court, post notice, etc. etc.
Matthew C.
Advice on multifamily vacancy
13 January 2025 | 11 replies
The judgments have to be looked up manually, because screening software only looks for unlawful detainers and the Virginia court records don’t feed consistently accurate to the other programs.
Rene Hosman
Have you ever offered rent concessions to entice potential renters?
17 January 2025 | 19 replies
Courts recognize that discrimination may result from both intentional and unintentional conduct.The important term is "protected class".
John Davey
Can you deduct interest (primary house) from a home equity loan to buy a rental?
3 January 2025 | 11 replies
My understanding is that interest on a loan is a business expense against a property purchased with the proceeds of that loan, regardless of what asset the loan is against.