You want to make sure the #s make sense from day 1 so that if the property appreciates its just an added bonus and if it depreciates, you're still good with the #s you originally had at acquisition.2.

I am looking to inject (contribute) some money into one of my LLC to finance some new acquisition this year.I am refinancing my home (that is under my own name) and will use the cash out as contribution into the LLC.It is my understanding that while you can't deduct new mortgage or refi anymore on your personal home, you can still deduct all its costs when it is used for investment (by deducting from the investment income/gain).What would be the proper way to document this transaction in addition to the schedule recording the contribution in the LLC book?

It was renewed every year & after 12 years he finally exercised it & paid it off.

Finally I've made it to Virginia Beach, Norfolk, And Hamptons areas!

Buying at auction sight unseen other than a walk around, I was stunned to see when i finally did get inside that the home had forced air heating and central air conditioning.....really lucked out there...it appears to be original because it had these big old cast iron floor grates.

It's happened more than once that I've refunded the deposit, advertised a vacant unit for a few weeks, finally placed a new tenant a 3-6 weeks later, and then discovered a legit roach problem. 

It can take several days and a dozen drafts going back and forth with the clients before I have the final version.

So I am refusing to sign his assignment sheet which looked like something a 3rd grader wrote.Now it’s Thursday afternoon and the wholesaler finally sends his assignment sheet to the title company.

I’ll let that marinate here another day or two and then I’ll put the event info up on theBP events page with the final date and location.  

The new job has provided me the opportunity to finally do all the things with my money that I knew I needed to do but didn't always have the means to.