Philip Hernandez
1031 exchange into TIC or LLC
22 June 2022 | 8 replies
Are there other tax structures that are possible or that you would recommend if we did not go with the TIC?
Evan Loader
Passive K-1 LP investor looking for a new CPA
2 January 2022 | 1 reply
(I'm patient and will need an extension anyway due to my K-1s) I have been trying to find a new CPA for my 2021 taxes and so far the only ones who have real estate specialties that I have been able to get a hold of are those who assist active investors who structure the deals as a GP or RE investing is their main source of income.
Tanner Kenneth Jenkins
To all my Realtors out there
3 January 2022 | 3 replies
Probably the biggest changes will be if the states have different legal structure for spouses, such as tenant in common, etc., and how those are handled when selling a property, as well as the agent responsibility if it is a non-disclosure state vs not.
Jonathan Bell
How did you find your first partner?
11 January 2022 | 38 replies
Things I learned in my first job that have continued to prove valuable today: underwriting, managerial accounting, private equity deal structures, what a side letter is, what investors want out of deals, what a K-1 is, why real estate is a valuable investment class, what asset allocation is, where to find tenants, what cam is, how to handle Capex items in sophisticated underwritings, loan docs and negotiating terms thereof, understanding a lease, what an estoppel is, what a phase one and phase two are, how to read a PCA, basics of land use and zoning...Oh and best of all, I got paid to learn all of this stuff.
Chad R.
How to restructure and save ?
3 January 2022 | 3 replies
Rental in FL has equity of $280k (mortgage of $200k) We would also like to structure as a business or trust as opposed to reporting everything on our personal income.
James Luctamar
Refinancing an LLC in New York
4 January 2022 | 9 replies
Just trying to see how I would structure that question.
Seth Mather
Advice on family member as partner in STR
2 January 2022 | 0 replies
Family member wants to sell a property no longer needed and put all of it into our STR ($600k).I'm not sure how to structure the calculations on what a fair split would be after my family member deposits the extra $600k towards the mortgage.
Michael Weis
I want to BRRRR, but don't know if I can in my market.
20 January 2022 | 10 replies
Given what I know it needs without even seeing it, though (new roof, fascia repairs, animal control, new boilers, lead and asbestos remediation, oil tank removal--and that's without knowing anything about it structurally or cosmetically on the inside), I'm guessing I would have to put in roughly $100k in rehab.
Corbett Brasington
Does Insulating void walls on a century home increase ARV?
4 January 2022 | 4 replies
Case in point the area where I live has many houses downtown built on cedar post foundations, which are at end of life, and its a hot market, so what it appears is many investors just do nothing with the foundation if the house is within a couple inches of level even though the posts are rotten and will cause structural issues a few years down the road.
Krystalyn Jackson
HELP: Seller doesnt know Sq Ft of home
3 January 2022 | 8 replies
If it is the unpermitted issue, then you have to determine if the permits can be issued retroactively and if so how much risk you have that you will need to rebuild some portion of the structure.