Damon Albers
tenants breaking leases and excessive damage make it hard to be profitable
5 January 2025 | 39 replies
And this adds up quickly since the IRS makes you pay that depreciation back when you sell.
Chris Lu
New BP member looking for STR budget feedback!
22 December 2024 | 5 replies
Hop on Airbnb and scan nearby properties of similar size to get a feel for what they offer at the price points charged.
Jon Averette
Aspiring investor in central AL
20 December 2024 | 9 replies
Great tools that get updated regularly.I am on the lending side of things and would be happy to hop on a call with you anytime to discuss financial strategies and help answer any questions you may have about nearly any loan product available to help you on your journey, even if they are not products my capital partners offer.We are all here to help you learn and grow.
Steve K.
Due On Sale Clause About to Become More Common?
12 January 2025 | 185 replies
I will hop right on that Sir, soon as fund retainer account to do research work for ya....
Landon Sheveland
LLC for Renovation Costs
23 December 2024 | 3 replies
A single member LLC is by definition a disregarded entity by the IRS.
Andrew Grimmett
Capital Gains from the person selling to me
23 December 2024 | 5 replies
You could also offer to cover part of their tax liability through negotiation or encourage them to convert the property into their primary residence to use the IRS exclusion for up to $250K/$500K in gains.
Claude Diehl
Sell a Solo 401K property with owner financing
23 December 2024 | 6 replies
Solo 401(k)s are not subject to UDFI (Unrelated Debt-Financed Income) on the capital gains from selling a debt-financed property, per IRS rules.b.
April Smalls
Should I Refi?
18 December 2024 | 12 replies
We can hop on a call Hi April, As others mentioned, you have to have a reason why.
Tinia James
Made no profit this year should I still file taxes?
20 December 2024 | 9 replies
The IRS will receive a copy of your 1099.
Don Konipol
Can a “Subject to” Transaction be done SAFELY?
1 March 2025 | 96 replies
Chicago title in the day their customer service department kept a spread sheet for me of all the NODS in the 4 county market of Portland OR that is 3 Oregon counties and clark co was across the river.. this spread sheet which they updated daily would show address lien position and property tax and any other judgements like IRS .. this was a service to garner my RE companies business I had 50 agents at the time working for me plus all my personal volume .. then I had a team of door knockers who started knocking doors ONLY within 7 days of the sale date ( as thats when people get really motivated to do something) Once a deal was struck ( we negotiated how much we were going to pay them and how long they could stay ( rent free mind you) the deal was done over the kitchen table cashiers check to them in exchange for a deed to me..