Kmsuea Abdei
Should I sign an exclusive agreement with agent?
30 December 2024 | 12 replies
The department of justice filed a request to eliminate the comp agreement requirement due to possible anti trust violations.
Basit Siddiqi
Investing in Spain: Good idea for non-residents(Americans)?
23 January 2025 | 31 replies
To make it clear here I'm not talking about doing tax filing or similar legal tasks yourself by the way.
Cody Maxwell
SPEC homes line of credit
29 December 2024 | 7 replies
Through your local bank that you are using, are you reapplying for each new home for a seperate construction loan or are you setup as a credit line with them and just submit a new budget for each new home 7 mil credit line ... new budget for each plan that has been pre appraised in the MAI at the beginning of the project.. they did have to update the Mai last summer but again did it at their cost not mine.. banks have to paper their files.. even though we are selling the same floor plans for 100k more per plan than the original numbers came it at and bank has been paid and has all the closing statements showing this data..
David Sam
Cost segregation study recommendations
26 December 2024 | 7 replies
The study doesn't need to be completed by year-end but should be done early for 2024 tax filings.
Divya Sosa
Tenant lied on rental application regarding criminal history
6 January 2025 | 13 replies
I would be prepared to file for eviction etc. if they are 1 day late on payment, but would not actively be working to get them out if there is not a blatant current violation of the lease agreement.
Julio Gonzalez
Cost Segregation FAQ
31 December 2024 | 3 replies
This allows for proper retirement of assets.If a property has already been sold it may still be a good candidate for cost segregation as long as you sold the building and have not filed the tax return.
Paige Halamicek
Buying land with a mobile home but want to sell mobile home
25 December 2024 | 4 replies
Elimination of title means that the owner has made the mobile "permanent" by removing the wheels, placing the mobile on a foundation, putting skirting around the mobile and filed the correct paperwork.
Alex Silang
Mass deportations: will it affect rental markets?
30 January 2025 | 62 replies
A person files for and get's whatever from of welfare.
Daljit S.
Eviction taking forever - anything else can be done?
20 December 2024 | 9 replies
I used an attorney to file for eviction and we had the court date towards the end of October.
Melanie Baldridge
“active income” and “passive income"
20 December 2024 | 0 replies
There are several different types of income in the US tax code.Two main types are “active income” and “passive income".Active income is money you earn from working, such as wages from a W-2 job or income from running a business.Passive income is money you earn from investments like real estate, stocks, or rental income from your RE portfolio where you earn $ without actively working.Normally, you can't use passive losses (like losses from real estate investments) to offset active income like your salary from a W-2 job.That is unless you are an RE Pro.The reality is, that Real Estate Pro status is just a filing status similar to filing married or jointly.And if you are a real estate professional you CAN use passive real estate losses to offset active income from other sources.To qualify as an RE Pro you must:1.