Tyler Kesling
Two for One
31 October 2024 | 10 replies
Just offer with inspection period and make sure to have written in - "contingent upon satisfactory review of all leases and T12, not to alter or change leases during pendency of the contract" (At least that's about how I would write it but the realtor there should know how to specify it).
Raghavendra Jakkani
Leasing to my own LLC and then to a tenant
30 October 2024 | 9 replies
The issue for you is you (or your wife) now may have two insurance carriers fighting over who will pick up coverage (assuming your intermediary LLC has appropriate insurance) or if it does not, your property insurance carrier may try to get out of coverage because of your slick deception tactic of using an alter ego which is the last thing you would want.Just yesterday another BP forum poster wanted advice on a similar strategy when leasing a rental cottage on the same lot as their residence.
David Cheng
What do you qualify as a proof of funds?
4 November 2024 | 34 replies
As a result I’m much more concerned with a borrower showing funds for at least a reasonable down payment.A problem with a screen shot of say a buyer’s Vanguard account is that it’s so easy to use PDF tools which can alter the numbers and be virtually undetectable.
Michael Baum
Fed cuts rates by .5%
9 November 2024 | 87 replies
Together, it alters the landscape so much it's hard to wrap the mind around.
Matthew Drouin
The FED Just Hit The Panic Button
28 October 2024 | 15 replies
Home sales have reached their lowest point since 2010, driven not solely by high interest rates and low inventory but by shifts in household incomes and confidence.As fewer people search for homes, this altered sentiment trickles up, impacting business and investor confidence.
Marlie Evans
Bonus Depreciation, safe harbors and Partial asset disposition
22 October 2024 | 8 replies
Changing the method of deduction might slightly alter your taxable income, leading to a small increase in taxes.Bottom Line: The slight increase in taxes could be due to how different deductions interact with your overall tax situation, even if the total deduction amount remains the same.2.Is It Worth Amending Previous Years’ Taxes to Change Purchases from Depreciation to Expenses to Avoid Future Depreciation Recapture?
Serafin Fernandez
Tenant Bank Statements
15 October 2024 | 7 replies
People can alter PDFs, change the numbers, or even use fake templates that look incredibly real.
Jennifer Taylor
Legal Structure Questions
16 October 2024 | 6 replies
It’s also commonly referred to as an Alter Ego in legal jargon and often times actually complicates litigation if a claim arises.
Jeremy Altdorfer
20 units multifamily owner can't show proof of income via bank statements
16 October 2024 | 11 replies
What could a bank statement from November 2021 show that would materially alter the deal?
William C.
Cost seg depreciation recapture model
13 October 2024 | 11 replies
Depending on if this is your primary residence or not can alter the strategy but that's the gist.