Rich Solano
Interest Only Lenders / Loans for Long Term Rental Investing
30 September 2024 | 10 replies
Some hard money lenders will do it for up to 3 years but would need a good down payment but recognize the rate would be double digitsBe interested to hear what others say
Daljit S.
New Jersey Tenant Consistently Late on Rent, Missing Rent and Now Unresponsive
30 September 2024 | 12 replies
, we rarely need to evict, and one of the reasons for that (other than a consistent 21-point tenant screening process) is that once the tenant recognizes that you are serious and have a consistent process in place they respond in one way or another.One more thing - I suggest you don't accept partial payments, as this can delay the process as well.Feel free to reach out if you have additional questions or if I can assist in any way!
Dennis McHugh
Real estate professional tax question
30 September 2024 | 11 replies
This is not a "real estate rental income" activity as defined by the IRS, so whether you are a REP or not, you can take this benefit.All of this is separate from a QOZ Investment, which would require you to first recognize a capital gain from another source (say a stock sale), invest that gain, hold it in a Corporate or Partnership structure (likely partnership), meeting the substantial improvement qualifications of being a QOZB, and then yes, you get to avoid the depreciation recapture at the end of the 10 year hold period, at least for the portion of your investment attributable to the original gain that you invested in the project.
Jaiden Alivera
Future investor looking for advice
29 September 2024 | 4 replies
If you consistently analyze properties, recognizing a good deal will be much easier when it shows up.
Kayla Smith
New to this site
28 September 2024 | 2 replies
If you consistently analyze properties, recognizing a good deal will be much easier when it shows up.
N/A N/A
HOMEVESTORS What do you know?
30 September 2024 | 26 replies
HomeVestors has a powerful and well recognized brand in my market (Dallas) and we have a huge marketing-arm that allows us to get in front of very motivated sellers.
Austin Snyder
Land Contract/Agreement for Deed instead of Novation for quick Flip
29 September 2024 | 8 replies
Insight on Your Proposed PlanTitle Search and MemorandumTitle Search: Conducting a title search is a good idea regardless of the structure to ensure there are no outstanding liens, claims, or legal issues that could complicate your plans.Memorandum: Filing a memorandum or recording the contract with the county provides some protection by clouding the title and ensuring your equitable interest is recognized.
Nikhil Mascarenhas
CA out of state investors, what asset protection strategy do you use?
25 September 2024 | 7 replies
CA doesn't recognize series LLCs, so yes, you would need to be careful with costs for any structure that you put in place.
Ting Liu
how to split capital gain tax with partner
26 September 2024 | 9 replies
After paying the tax, you can transfer the proceeds to your partner.However, Technically you should have filed partnership tax return where he would have recognized his portion of yearly activities and sale at the end.This post does not create a CPA-Client relationship.
James Khail
Which SF Bay Area city has the best purchase price to rent ratio?
24 September 2024 | 4 replies
I live in the SF Bay Area and have decided to buy my first single-family home.I fully acknowledge and recognize that the SF Bay Area and California (in general) may have some of the worst cash flow numbers in the entire country.I've already traveled to cheaper Midwestern states to look at real estate opportunities, but have decided to invest here in the SF Bay Area as I'm purchasing with the intention of living in it first and foremost, and then renting it out sometime in the near future when I move overseas.I'm looking for anywhere in the Greater Bay Area/Northern California region (even Sacramento & Central Valley is okay) with better than average purchase price to rent ratio, and some appreciation (if possible).