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6 September 2018 | 28 replies
That's a very important subject, because if the rentals are "merely an investment activity" and "not a trade or business", then the Pass-Thru Deduction does not apply to them.For those of you who are not familiar with this deduction – you really should be.
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12 August 2018 | 6 replies
A commercial mortgage is considered a transaction between two businesses who have access to legal advice, and should be knowledgeable in this space, and therefore consumer protection laws and rules do not apply.
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15 August 2018 | 22 replies
If you already got the property, and it's listed for renting, see if you can apply the bonus depreciation for roof replacing (with the same type of roof, no improvements) - talk with your CPA.
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15 August 2018 | 6 replies
Hi @Gloria WashingtonThe benefit of going solar at the same time as a roof replacement is that the Federal Tax Credit (currently 30%) applies to the roof as well as the solar system.
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19 August 2018 | 4 replies
You may also be required to apply for an ITIN and file a US tax return.You may also have to research if there is a tax treaty in place between the US and your country.Investing through a corporation, while not preferred with appreciating property like real estate, can avoid you from having to file a US tax return.You should consult with an advisor with specific details and to see which option is best for you.
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15 August 2018 | 2 replies
@David Weis, Yes, SEC regulations would apply.
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23 August 2018 | 11 replies
Caution:Contracting for repair, maintenance, remodeling, or improvement by any person licensed under part I of chapter 475 (real estate agent) while acting as the owner’s agent pursuant to that license, where all work requiring a contractor is performed by a contractor who has a current, valid certificate or registration issued under this part to perform such work, and where the aggregate contract for labor, materials, and all other items is less than $5,000; however, this exemption does not apply: (a) If the maintenance, repair, remodeling, or improvement is a part of a larger or major operation, whether undertaken by the same or a different contractor, or in which a division of the operation is made in contracts of amounts less than $5,000 for the purpose of evading this part or otherwise.For the sake of your cousin's license, either make her a part owner (sharing the gross profit as her compensation) or get a GC on the job asap.Just a helpful hint to keep a fellow real estate agent out of jail.
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23 August 2018 | 4 replies
Crowdfunding lenders seem to only apply to flips and I want to hold on to this one.
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17 December 2019 | 16 replies
Apply all the tips above.
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27 August 2018 | 4 replies
Telling them too much they will start throwing what "you're supposed to do" in to the conversation....whether that is accurate to this specific case or not.As far as the parcel segregation, you could actually apply for that any time in theory.