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Results (10,000+)
Bart Tilly Experience With Construction Agreements?
7 January 2025 | 3 replies
Always consult with your attorney before you rely on the above information. 
Nate McCarthy Multi-party investing deal structure for BRRRR/House hack
19 January 2025 | 14 replies
As I'd imagined, it seems like there are no hard-and-fast ways that a deal must be structured, but rather there is room for flexibility depending on the situation, and in any case consultation with experienced professionals at every level is key.
Sunny Wu Tenant wants to break lease 8 months early
6 January 2025 | 6 replies
From personal experience, this can motivate them to do a final deep clean before handing over the keys.Finally, for peace of mind, you might consider consulting a local real estate attorney.
Allison Littman "Church" Purchase Creative Financing
11 January 2025 | 7 replies
This requires an independent appraisal valuing the property at $400k and proper documentation from the seller confirming the $200k donation.Ensure the church is a qualified 501(c)(3) entity, and consult your tax professional to comply with IRS rules.
Michael Poloncic Tenant breaking their lease
9 January 2025 | 8 replies
You will want to consult with a lawyer.In regards to your last two questions here's some background on what makes a contract valid and enforceable:Offer: A promise to do or not do something within a certain time period Acceptance: A clear and direct statement that all terms and responsibilities are accepted Consideration: A legal and adequate inducement given in exchange for the promise Capacity: The parties to the contract must have the legal capacity and competency to contract Awareness: A party must be aware of the contract Legality: The contract must be legal in the jurisdiction it will be operating in***Not legal advice*** Steps I would take: -Review contract in detail to understand each counterparties responsibilities (if you are not aware)- Email a copy of the lease to each of the tenants listed on the lease and reiterate lease expectations for termination notice, rent payment etc. - If the lease was signed via Docusign (other esign may have same ability) - you can go to the envelope, go to history and view the IP addresses for each action taken.
Ricardo Garcia Truebooks CPA - Feedback
9 January 2025 | 46 replies
This year will be the most I have paid for my taxes to be prepared, and the only year where I will be filing with an extension (and added stress).To be fair and objective with my feedback, the upfront consultation process went well.
Nicholas Dillon Taking additional cash from a 1031 exhange
7 January 2025 | 3 replies
If you must retain some cash, consult a tax advisor to understand the liability and optimize reporting.
Michael Plaks EXPLAINED: sending 1099s to contractors and vendors
15 January 2025 | 13 replies
Consultants, inspectors, and mentorsProperty managersAssistantsBookkeepers, accountants, and attorneysLandlords if you rent your office spaceYour business partners if you paid them (except if they were strictly lenders)Disclaimer about wholesalers: it is a controversial issue, with some of my colleagues claiming that wholesalers do not need 1099s.
Makani Donaldson STR in Hawaii
8 January 2025 | 10 replies
Oftentimes my initial consultation call with a potential client runs 1 hr and that still doesn't give me enough time to cover everything about the STR market on O'ahu.  1.  
Jason Khoury Purchasing Vacant Home from Non-Profit
12 January 2025 | 6 replies
Be patient, as these types of deals often take longer to finalize due to organizational processes.If you’re unsure about specific aspects, consider consulting with a local real estate attorney to ensure everything is handled legally and ethically.