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16 October 2024 | 17 replies
(vii) would seem to indicate that you'd be acting as an unlicensed broker.(1) "Broker":(A) means a person who, in exchange for a commission or other valuable consideration or with the expectation of receiving a commission or other valuable consideration, performs for another person one of the following acts:(i) sells, exchanges, purchases, or leases real estate;(ii) offers to sell, exchange, purchase, or lease real estate;(iii) negotiates or attempts to negotiate the listing, sale, exchange, purchase, or lease of real estate;(iv) lists or offers, attempts, or agrees to list real estate for sale, lease, or exchange;(v) auctions or offers, attempts, or agrees to auction real estate;(vi) deals in options on real estate, including a lease to purchase or buying, selling, or offering to buy or sell options on real estate;(vii) aids or offers or attempts to aid in locating or obtaining real estate for purchase or lease;(viii) procures or assists in procuring a prospect to effect the sale, exchange, or lease of real estate;(ix) procures or assists in procuring property to effect the sale, exchange, or lease of real estate;(x) controls the acceptance or deposit of rent from a resident of a single-family residential real property unit;(xi) provides a written analysis, opinion, or conclusion relating to the estimated price of real property if the analysis, opinion, or conclusion:(a) is not referred to as an appraisal;(b) is provided in the ordinary course of the person's business; and(c) is related to the actual or potential management, acquisition, disposition, or encumbrance of an interest in real property; or(xii) advises or offers advice to an owner of real estate concerning the negotiation or completion of a short sale; and
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14 October 2024 | 19 replies
I really need to have reference material like that.I am aware of the issues you helpfully mention, and my intention is to pay Tax Title Services to address all that.
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14 October 2024 | 4 replies
Sounds like there might be some more facts of the entity structures since you imply a k-1 will be involved but only reference ownership of property A.
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13 October 2024 | 11 replies
As for the "Lazy 1031 exchange" reference, a true 1031 exchange allows you to defer capital gains taxes by reinvesting proceeds from the sale into another similar property, but that doesn’t seem to apply here since you're looking at using a passive loss instead of a like-kind exchange.
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16 October 2024 | 27 replies
If anyone can refer a person who actually did the course, that would be helpful...
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14 October 2024 | 5 replies
I like to look at each component of the process on an itemized level first so that when I do work with a developer I can have my own reference for all the bundled costs associated with the build proposal.
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15 October 2024 | 21 replies
Or are you referring to there already being a lot of student rentals available, therefore the rent is closer to $300-$400 per room?
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12 October 2024 | 4 replies
Connect with @Joseph Chiofalo he’s done some STR loans there recently for those same clients and can refer you a local RE Broker.
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17 October 2024 | 47 replies
Now rei reply is telling me to look in the back end of twilio website and cross reference API blah blah blah for every text I send and see what’s going on.
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13 October 2024 | 5 replies
@Imani Naomi since your other post references investing in MFR, you are probably looking for:Institutional Funds: there are financial ompanies that run pension funds, etc. looking for places to invest.