Chase Gochnauer
Do you use depreciation savings in your pro forma?
11 September 2017 | 17 replies
You have two options to avoid paying back the depreciation expense: 1) sell the building through a 1031 (this allows you to buy larger and larger properties each time without getting hit with capital gains tax or deprecation expense capture back, 2) refinance the property and cash out your original equity (along with some or all of your appreciated equity you earned from the time of purchase) and use that cash to purchase another property.I intend to use both options in order to achieve my goal of 1,000 units.
Marco G.
OOS Managed Property - Citation Responsibility
15 September 2017 | 20 replies
Who's fault is the fine,, yours,, figure out if the whole fence is necessary.. does it add or detract from the property.. what's it hiding.. it's harder to mow around and get trimmed so unless it's worth keeping.. might be time to take it down part or all of it.
Andrew Magoun
How to pull out equity?
12 September 2017 | 7 replies
In that situation, you will have to weigh out the benefits of having that cash available to you versus changing the terms ( potentially higher rates/higher payments ) on one or all of those properties.
Brian Lesko
Going to look at a duplex this weekend
20 September 2017 | 9 replies
Note the lath stuck up in the cavities from previous repairs: the guys that rigged the last repair job didn't even carry that out.
Account Closed
Deny applicant due to attitude/inappropriate comments
24 October 2018 | 25 replies
Under Massachusetts law, it is illegal to discriminate against someone because the presence of children might trigger a property owner's duties under the lead paint laws or because someone receives a housing subsidy, such as a Section 8 voucher, to pay for some or all of their rent.
Brian Orr
Are the seminars valuable or scams?
28 October 2018 | 35 replies
If you have the time (and not the money) they you can spend some (or all) of it doing your own research.
Michael Plaks
Refinanced interest - is it tax-deductible?
28 October 2018 | 10 replies
@Michael Plaks I'll take a stab Michael...Number 5 may have a wrinkle if a personal CC was used that had a balance beyond $20k, some or all of which is non-business debt.
Phyllis Effah
Form LLC in TX but operate in AL
28 October 2018 | 4 replies
Should it be formed in TX or AL?
Account Closed
Implementing new lease and raising rents
30 October 2018 | 7 replies
Acceptance of rent constitutes a legally binding ORAL lease agreement.
Neil G.
CA Seller Reveals is Licensed RE Agent as a 'Counteroffer'
2 February 2019 | 18 replies
You don't have an enforceable oral contract for real estate.