Heidi Fahringer
Interview Questions for Prospective REI Accountant
19 November 2024 | 8 replies
Below are some important things for you to be mindful when you have to file a partnership tax return1) A partnership return generates a form K-1 that each investor will need to complete his / her tax return.Will the accountant be able to complete the tax return by April 5th to give the investor/partner enough time to file his individual return?
Val Berechet
Is it still a good idea to invest in Tulum, Mexico?
11 December 2024 | 101 replies
This is one of the reasons I have felt my investments there are safe: there is so much money there from both domestic and international investors, individual and institutional, that Tulum won't just go away.
Cameron Chambers
Anyone in the forums from Canada?
26 November 2024 | 127 replies
While this approach ensures more reliable tenants, it also limits the pool of prospective renters, making it challenging for individuals with less conventional financial profiles to secure housing.Given these challenges, I have decided to exit the Ontario rental market.
Troy Welch
Legal Advice-1st Position Lender, Borrower Filed Ch 11 Bankruptcy
20 November 2024 | 2 replies
I have invested a large sum of money with a company (individual with LLC) who has filed chapter 11 bankruptcy.
Hector Espinosa
How Much Should A Rental Property Cashflow?
22 November 2024 | 20 replies
Those newer pickup's individually did not sustain themselves, but typically had the mortgage paid off within a few years.
Allison Somera
Thoughts on DSCR Loans for Investment Properties?
20 November 2024 | 9 replies
If a cash out refinance, many lenders will allow the cash out to satisfy the reserves requirement.DSCR lenders generally let you vest either individually or as an LLC.
Nakul Patel
LLC formation question
19 November 2024 | 5 replies
The only thing is WY LLC will flow through the income and losses to our individual CA return. any insight on this matter is greatly appreciated as I’ve heard and saw conflicting things regarding LLC needs to be registered in CAthank you !
Carlos Ptriawan
Don't become passive investors
1 December 2024 | 91 replies
On the lending side, we see a lot of private individuals that try to lend out of their IRA just because the borrower is a "good guy".
David Cherkowsky
Do I need a partnership LLC to depreciate and write off expenses on a rental property
17 November 2024 | 30 replies
I'm not well versed in the tax code by any means but this whole depreciation thing seems like something that applies to some people based on individual circumstance but the gurus preach it to the masses.
Eugene Lubman
Selling to a family member (or transferring to a trust?)
19 November 2024 | 5 replies
So whether you sell to their trust or to them individually it still has to pass from you in order to do the 1031.But even more you don't want to be in ownership when they pass so you can get the step up in basis and inherit the property tax free.