Will Barnard
The Truth about Wholesaling!
6 July 2022 | 911 replies
Jenny Chung,To add to Will Barnard's post, if there is a trust issue from the wholesaler to you, then just have the escrow party (i.e. title company, attorney, etc.) disburse a check to the wholesaler directly, this way your hands are clean and he doesn't feel the same apprehensions you have.All you would have to do is create a simple disbursement or allocation of funds letter and this will give the escrow company the written authority to disburse a check direct to any party you desire.If the wholesaler is adamant about receiving funds up upfront, then it is a scam.
Richard Hadley
Infinite Banking Concept
14 December 2022 | 79 replies
But the reality is that the dividend represents the allocation of the net earnings on the company's general fund to every policy owner.
James Peoples
LLC MEMBER QUARTERLY TAXES
26 May 2015 | 9 replies
Great flexibility in allocating income and expenses between and among LLC members.
Caitlyn Drapeau
Renting to Traveling Nurses
3 December 2023 | 10 replies
Many states have not only reduced the allocation (#) of visiting nurses but greatly reduced their compensation.
Ken Singh
Out of State Passive Investment Taxes
9 January 2017 | 3 replies
If your county tax assessor has allocated 75% of the property's value to the dwelling structure (improvements) and 25% to the land, then your depreciation basis will be 75% of your purchase price over 27.5 years.
Daniel Stamenkov
Hi just wondering if its a good deal or not ?
14 October 2020 | 1 reply
You have no money allocated for fixing up the big systems, Capital Expenditures (Cap Ex), operations, or property management.
Ben Higginbotham
Capital Gains tax on Former rental then Primary
3 July 2017 | 2 replies
The capital gain exclusion only applies to the time the property was your primary residence, so 9% of your capital gain due to appreciation will be allocated to primary residence use and the rest will be allocated to investment property use.This means that $675 ($7500 x 9%) can be excluded from capital gains (well within the $187.5K exclusion limit you calculated).
Chad Lundquist
Best way to invest my capital
26 August 2021 | 14 replies
Hey BP family, I have a question regarding the best way to allocate my financial resources.
Blake LaRussa
Rental Property: How old is too old?
6 April 2020 | 17 replies
Here are a few things to consider:As mentioned previously, be sure to allocate a larger percentage of your gross rents (i.e. 10%+) for CAPEX and repairs.
Adam Kroll
Legal Advise for Entity Selection for Broker
1 April 2015 | 5 replies
Since I am an investor with several LLCs owning property, an umbrella S-corp to own all of the LLCs may be the best way to allocate income to the most advantageous taxable income category.