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Results (10,000+)
Jason Bilbrey Can I “sell” excess bonus depreciation?
20 December 2022 | 7 replies

I’m purchasing an office building for $5+m in 2022 with plans to do a cost segregation study to take advantage of 100% bonus depreciation. I won’t be able to use all the depreciation immediately and it’s my understand...

Mergim Kacija HOA fined me $12,000 for allegedly short-term renting my condo (Chicago)
27 December 2023 | 55 replies
Argue the fines were excessive.
Danielle Hake 100 amps to 200 amps electrical upgrade for 1000 sq ft unit?
14 January 2024 | 31 replies
200 amp is excessive for a 1000 sq ft unit.Get a price on a 150 Amp 30 circuit.Upgrading the panel will add value to the unit.
Viktor Singh Self Managing property Tax implications
2 November 2022 | 7 replies
When a tenant moves out, transfer the deposit back to Checking so it's ready to apply towards expenses or to refund to the Tenant.If you end up with excess funds in the Checking account, I recommend you transfer it to a third account that is specifically designated for future investments.
Maireny Rosado Selling your fixer upper to your husband
28 January 2023 | 1 reply
Give me ideas please, I don’t know what to do, if list and sell the house or do this instead.For this scenario you need a CPA, a lawyer and a psychiatrist.First you have to determine if the process you are using causes capital gains, or excessive taxes, or asset risks, then you need be sure the transfer is legal for IRS reporting and held in the correct entity, then you need a psychiatrist to determine why you want to be this complex. ;-) 
Kate Purse New LLC - California or Texas?
4 February 2023 | 6 replies
California charges a minimum tax of $800 a year per LLC, and more if you have gross receipts in excess of $250k.
Chris Seveney Interest rates are not going back to 3%
21 February 2023 | 94 replies
They are going to keep rates elevated, continue to liquidate their massive balance sheet for as long as they can, and try to vacuum up the massive excessive stimulus from the economy. 
Jacob Beg Did I dodge a bullet or was I too suspicious?
3 October 2021 | 52 replies
She went to the property a few times, wanted landlord to fix numerous items which are expected of any genuine tenant as most people like to have a decent place and want things fixed if they are paying a handsome rent in excess of $2k.I wanted to rent it quickly so keen to work with her but something did not sit well with me.
Jay Sheth Turnkey wont give earnest money back
30 September 2021 | 21 replies
If the turnkey does not sign this, and you have some contingency in place in the contract, then I think the EM just sits in escrow, and a few years later the title company just gives you the money back. without release from buyer and seller the EM at some point gets interpleaded to the court and ends up in the states excess proceeds division.. it is NOT just given back.. but the bigger question is who did he make the EM check out to .. was it the turnkey provider themselves if so good luck getting that back .. if its escrow then the above will dictate.  
Warner Bell Subject To
21 February 2023 | 17 replies
So at the end of the 24 months, do you offer to just pay off the remaining mortgage (meaning the seller doesn't make any profit) with a refinance from your new homeowner, or is there a balloon amount agreed on at the beginning of the 24 months (and seller pays anything in excess due to taxes or ARM, etc)?