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27 April 2024 | 19 replies
You should have your attorney review Revenue Procedure 2002-22.
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25 April 2024 | 4 replies
Some rules/procedures may differ from state to state, so it never hurts to have a contact in the different states you plan to be in.
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25 April 2024 | 2 replies
Once the title is clear of those pesky old liens, you'll be good to go.This is not legal advice, so speak with your attorney for actual procedural issues.Keep investing and moving forward!
24 April 2024 | 1 reply
Call the County Assessor and ask about the procedures.
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24 April 2024 | 6 replies
I’ve been listening to the podcast for about four years now .I just decided to step it up and be active on the forms as well as upgraded to pro and I’ve been using the calculators on daily basis and it’s been amazing .I live in North Hollywood, California and I have four rental properties in Kansas City, Missouri.I am to grow my portfolio with cash, flowing assets and open for partnerships.I am a General contractor here in California, having a lot of experience with the building procedures as well as good couple hundred thousand in cash ready to invest, looking for good opportunities, and tired of standing on the sidelines.Thank you for this awesome community!
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23 April 2024 | 6 replies
Accounting firms typically have nothing to do with this process unless somehow the title company subcontracted the preparation of the 8288 to them (which really isn’t necessary as it doesn’t require tax expertise, only familiarity with the FIRPTA procedures in general, which any title co who’s worked with a sale by a foreign person would likely know).This is indeed a weird situation and it definitely is unsupported by any authority in the code and regulations to send the withholding tax amount to an accounting firm acting as a middle man for the IRS unless they somehow expressly made an agreement to do so.Good luck with that
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26 April 2024 | 52 replies
The absence of permits can speed up the completion process and reduce the cost of permitting procedures.
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22 April 2024 | 10 replies
The fine print has been written and massaged by someone who has much more of grasp of the legal aspects of the industry than we have.
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25 April 2024 | 82 replies
As we discussed, the next procedural steps would be to get a pre-approval from one of our recommended lenders, then we can work together to identify some specific properties that fit your investment criteria and get you started!
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22 April 2024 | 0 replies
The process included one eviction, a procedure RCA is well versed in, taking roughly 2.5 months in Connecticut.The value-add process resulted in a ~60% increase in NOI from ~$74K at purchase to ~$118K on a run-rate basis after 7 months.