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27 April 2020 | 6 replies
If you had regular operating losses for the previous years, including depreciation, and they were blocked by high income, they are released at sale for an additional loss.How to properly record all of it in the books is another conversation.Besides, if it's a single-member LLC and is disregarded for tax purposes, all transactions between the owner and the LLC have zero tax impact.
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9 August 2020 | 1 reply
I tried the course because he promotes a 30 day money back guarantee.
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1 April 2020 | 4 replies
She is unable to retrieve the full amount until he retires so she wishes to borrow against for the sole purpose of investing my guess would be a 1031 purchase or if possible to do a little hard money lending.
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27 October 2020 | 22 replies
I have been able to keep my IRA safe and even made a small profit in the downturn so I am looking to withdraw some of it now for REI purposes if possible.
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23 April 2020 | 6 replies
The virtual tours will be scheduled walk-throughs of properties for prospective buyers or real estate agents, not repeating video loops.A lot of Realtors already used video tours they promoted through Facebook, and simply turned to them more as people worried more about showing up in person.But the spread of coronavirus has pushed people to rethink other parts of the real estate landscape, too.OpenDoor, a San Francisco-based company that had bought and resold hundreds of Duval County houses in the past year, said online this month it was suspending making cash offers, but added it was working with third-party buyers who might still make offers.As concern grew about the coronavirus’s impact on communities and the economy, Realtors circulated an addendum to sales contracts allowing extra time to go to closing if either side has been in some type of quarantine.Either side could also drop the sales agreement if the buyer couldn’t get financing because of income last from the pandemic, another part of the addendum said.The changes, which both sides would have to agree to, were meant to give leeway people need to keep making deals in uncertain times, said Melanie Green, communications director for the Northeast Florida Association of Realtors.Despite the uncertainty, people have been buying.
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15 April 2020 | 6 replies
Another attorney said it is not needed for real estate purposes (buy and hold rentals) as that is not consider "transacting business."
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3 April 2020 | 2 replies
For example, I've had lenders tell me the funds cannot be used for things like "business purposes", "educational uses", and "new property purchases".
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7 June 2020 | 20 replies
Being my first property, I'd definitely like to accompany the inspector for not only buying purposes but also the education of what to look for.
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2 April 2020 | 1 reply
If it's an affidavit the title needs for internal purposes, they may be able to waive the requirement for an original.
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2 April 2020 | 8 replies
It's good to keep this idea in mind, but for all intents and purposes, assume it'll be slightly lower than the ARV would be safe.The tricky part is, even if there is high demand on the property, what lender would go for paying 30K above the appraisal and project ARV?