Sattir Bitti
Passive Activity Loss to offset gain on sale of another rental property
12 November 2024 | 2 replies
Readers are advised to seek professional advice.
Casi Rice
What qualities to look for in a good agent? Trying to learn as a new agent
17 November 2024 | 18 replies
@Casi Rice The best advise I can give is become an investor yourself.
Melanie Baldridge
What is recapture?
14 November 2024 | 10 replies
We generally advise our clients to go ahead and pay the recapture rates if death is the alternative.The good news about recapture - the deductions are a deferred tax liability to you, and an interest free loan from the government.
Vito DiIenna
Confirming Legal Status of a Multifamily Home in NYC
13 November 2024 | 7 replies
So my questions to the community:1-Does anyone have experience with this process of obtaining a Letter of No Objection and could advise whether I could go at this alone or would recommend staying with an Expediter?
David Cherkowsky
Do I need a partnership LLC to depreciate and write off expenses on a rental property
17 November 2024 | 30 replies
Poor wording in the original post.I emailed the CPA and said that the advise does not seem to be correct and received the following response:"Forming an LLC alone doesn't automatically turn passive losses into active losses.
John O'Leary
Is Upright (formally Fund that Flip) out of Business
13 November 2024 | 14 replies
Any advise about how to handle this situation?
John Davey
Tax Loss AGI +150k
13 November 2024 | 8 replies
Readers are advised to seek professional advice.
Olga Nadal
Pivoting out of a 1031 exchange
15 November 2024 | 11 replies
Readers are advised to seek professional advice.
Nida Chaudhry
1800 sq ft Storage warehouse - advice needed
11 November 2024 | 4 replies
But then again, I’m not experienced in it, so I do need expert advise on what garage size and door size with height to pick.
Erol Shashaty
Real estate friendly bank
14 November 2024 | 22 replies
Their familiarity with the local market and diverse financial products could be beneficial.Huntington Bank: With a significant presence in Ohio, Huntington Bank provides various commercial banking solutions and has a history of working with business clients, including those with complex ownership structures.PNC Bank: As a major regional bank, PNC offers comprehensive commercial banking services and has experience dealing with corporate clients, which may align with your fund's requirements.It's advisable to contact these banks directly to discuss your specific needs and assess their ability to accommodate your investment structure without personal guarantees.