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Results (10,000+)
Tina Chau How do I find out if a property has a mortgage on it?
11 June 2024 | 11 replies
The property is in pinellas county (clearwater)   The folks above are correct that you can check out the county recorder's office / public records, which may entail having to go down there in person during gov't work hours.You can also ask your realtor or loan officer, who may be more available, and can send it to you via email. 
Andrew Haddad 4 First time investors looking for advice/confirmation about getting started
10 June 2024 | 3 replies
I believe we have covered most of the needs in this post, but I was becoming unsure about an LLC.From a multi-person investment point of view, is an LLC still the best way to go?
Dallas Hoover To New Acquaintances
10 June 2024 | 1 reply
Weather that's for swapping numbers to meeting in person for coffee.
David Boze What are the costs of transferring a property from your name to an LLC
10 June 2024 | 5 replies
We spoke with a lawyer who advised forming an LLC to purchase the home to protect our personal assets.
Austin Prewett Do I need to Consider Cost of Land (per acre) When Looking for a Good Deal?
9 June 2024 | 3 replies
You have good advice above in that you aren't doing a teardown as a new investor; to even think it's possible is absolutely silly and a product of forums vs. real life.What's your why?
Chris Seveney Diversified Mortgage Expo
11 June 2024 | 11 replies
Unfortunately due to personal reasons, I was not able to attend the event.
Ben T. Preparing Rental Property for Sale
12 June 2024 | 13 replies
Whenever a person is ready to sell, a thorough cleaning that gets in the nook and crannies is needed.
Tony H. Confused with LLC setup
10 June 2024 | 10 replies
Buy the property in your personal name and get an umbrella insurance policy for protection.
Matt W. Help me understand depreciation recapture!
12 June 2024 | 8 replies
Another CPA can correct me if wrong but I don't think there's going to be any recapture here.27.5 to me implies 1250 property and if acquired after 75' means no additional depreciation to recapture.I think there would be unrecaptured 1250 in the amount of the depreciation taken previously, max 25% at ordinary rates.The total gain less unrecaptured 1250 I believe would be 1231 capital gains, not considering other factors like look back and netting rules.Also the land would be 1231 and would get capital gains treatment.And personally I would subtract selling costs as a capitalized selling cost.Amount RealizedLess: Adjusted BasisRealized Gain/LossLess: Selling ExpensesRecognized Gain 1001I could be wrong though so correct me if so.Article for those interested:Depreciation recapture in the partnership context (thetaxadviser.com)While Sec. 1250 only requires additional depreciation to be recaptured as ordinary income, Sec. 1(h)(1)(E) subjects unrecaptured Sec. 1250 gain to a maximum tax rate of 25%.
Danny N. Need Feedback on Single Family Home Rental Performance in Bay Area
10 June 2024 | 19 replies
However, this is pretty much doing a BRRRR now which I've never done, don't have the time and is capital intensive (plus, I'm out of town) which doesn't seem too appealing.While I could just weather out the cashflow and bank on the appreciation over time, I feel my return on equity is poor, and that equity can be put elsewhere to be more productive.