Zack Reder
HVAC payoff on old vintage buildings
9 August 2020 | 6 replies
Hey All,I have very few comps because of how different my local market is from the rest of Oak Park so I'm not able to easily look at comparable units w/ and w/o HVAC in my area.
Matthew Schroeder
Accountants: Sale of Rental Property in LLC - Ordinary Income or Capital Gain?
13 April 2019 | 11 replies
I had considered this a "capital gain" and thought it would flow through from my K-1 to personal tax return as such, and as a result, I consciously sold a significant amount of my "under-water" stocks at a loss to try to "offset" that gain, so as to lower my personal tax liability.My accountant has informed me that because it was "rental real estate", it is considered a 1231 sale, and as such, it is considered "ordinary income" and not a "capital gain", with the important implication of that being that I am not able to use my stock losses as an offset.
Jim P.
Buying with cash, then get a loan. Is the interest deductible?
4 April 2018 | 9 replies
(There was one notable exception, a $100k of HELOC interest, but it has been killed by the tax reform.)You can deduct interest if the loan is used for one of these purposes:Buying or improving your personal residenceBuying income producing investments, like stocks or notesFunding business operationBuying business assets, including investment RENow let's play with your example.
Kevin Osborn
Raising Rents After a Purchase?
16 April 2018 | 12 replies
I was not able to do the same with the other tenant who had 9 months left on her lease.
Kameron Fontenot
WHOLESALE deals in Galveston County, TX
12 May 2017 | 4 replies
@Kameron Fontenot When dealing with a foreclosure you are not able to assign the property.
Greg R.
Housing crash deniers ???
14 January 2023 | 2904 replies
Maybe the Chinese "Cultural" Revolution or the Khmer Rouge would be notable in terms of putting people to death, but these were largely internal convulsions.
Matthew Masoud
Ask Me Anything Mid-Term edition.
16 August 2023 | 60 replies
I was not able to find one.
Jon L.
Riverdale, Dayton, OH
21 June 2023 | 11 replies
The seibenthsaler compound on spring creek is notable he owner a square mile there.
Gunvant Kathrotiya
New investor from Long Island, NY trying to build solid Team
29 April 2018 | 19 replies
Most everyone is cash and many props you not able to get a mortgage on and or the sellers prefer fast closings cash as is , All the best
Brian Mergen
Newbie from Peoria, Illinois
23 October 2013 | 11 replies
My response rate was encouraging but I was not able to lock up anything prior to moving.