Nicholas Aiola
Ask me (a CPA) anything about taxes relating to real estate
27 February 2024 | 2053 replies
I know that's a legal question and we were at the attornies today for that.. but they are thinking knowing the potential value of the property over 50 million and our option price is only 5.5 he may not go easily.one thought I had is to just not make our May payment and come June 15th the option Is voided for none payments.. of course we lose our 1.5 million we put in.. but I am pretty sure I can do a new deal without the other partner.. the other partner is persona non grata and of course he could make the payment but he has deep legal issues so won't be doing that.. so my question is is there a way that this seller who has taken 1.5 million in option money from us over the last 10 years and he can cancel that deal and just strike a deal with us basically 3.4 of the same partners under the same terms and conditions and just rewrite the deal in a new entityOr will he have to claim all that 1.5 million as ordinary income in 2018 which would be pretty harsh on him.. in fact I don't think he has the money to pay it.. so he would probably have to sell the land he could not encumber it.. because of the long term nature of the land its 120 acres right on the border of the city limits 1.5 miles from Intel.. its going to come in one day and when it does katy bar the door on value..
Logan M.
Red Vs. Blue States real estate investing
21 February 2024 | 45 replies
If lived all over Dumas, San Angelo, Hondo, Odessa, Houston area (Sugarland area and around Fort Hood.The only part of Texas I haven't been to is down South by the border line McAllen Texas.I think the issue with investing in West Texas is that there is not much of a shortage of land and the population is not very dense so that brings another set of concerns for me.I'm much more aligned with a lot of Texas' economic policies but I'm not as bullish as some others on the next few decades there.Also, it is sooo hot 🔥 the hottest I've ever been in my life has been Texas and I lived in Honduras for two years so I think I have a good point of reference.
Sandra L Medina
Newbie, inspired to learn and creating the reality to owning properties.
19 February 2024 | 5 replies
I am an investor and I am located in Spring Grove, IL very near the WI border.
Jordan George
Rental Property Investing - US vs Canada
17 February 2024 | 16 replies
Now I'm looking into how tough it would be for me to invest cross-border out of curiosity.
Amer Swid
Need advice on inspection report. Knobb and tube and others
17 February 2024 | 11 replies
I’m in NH not far from the Maine border and paid 12,700 for a natural gas combo heat/hot water unit to be installed.
Rafal Soltysek
Out of state rentals
16 February 2024 | 22 replies
It is also a little further from the border drama.
Travis Elliott
Help me spend $600,000. Looking to buy multiple units and I need a good strategy
19 February 2024 | 44 replies
There's plenty of Markets from Western PA all the way to the western border of Indiana that offer great entry points, affordable rehab costs, antiquated houses, emerging neighborhoods.
Anil Bansal
Investment in East Palo Alto
15 February 2024 | 37 replies
If you see the chart from Stockton,CA (those who are unfamiliar with Stockton, they're the border of bay area), the rate of appreciation is 2.76x.
Kenn Kipchillat
Handling Taxes with International Airbnbs
12 February 2024 | 2 replies
- Does anyone have experience working with a cross-border CPA/tax specialist who understands these issues and can advise me on how to manage US tax compliance for my Kenya Airbnb properties?
Lisa H.
Analyze this Property
12 February 2024 | 11 replies
It borders LA county but is in Ventura county.