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17 October 2017 | 11 replies
I'd love to start networking with other Oakland based investors/RE agents.Any reasons not to buy a multi-family in Oakland these days with all of the rent control issues?
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5 September 2017 | 2 replies
In general contributions into an entity do not trigger a taxable event.Doing it prior to sale leaves you open to issues of intent and holding period and the thought that you're somehow hiding gain somewhere in the entity transfer.
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15 September 2017 | 5 replies
Property / Finance details here with comments below.Address: 2626 NE Multnomah St, Portland, OR 97232Property Notes: large basement but ceiling too low, could be zoned into duplex, gutters not attached, evidence of plumbing issues, backs directly to freeway, noise is very present, tenants don't mind noise. 1 squatterPurchase price 337kLiens aka Cash needed - 66kRepairs needed est - 10kRent estimated - $2,300/monthMy number crunch viewable at this linkhttps://docs.google.com/spreadsheets/d/1FJlTFIbInZ...I love the area for appreciation.
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18 September 2017 | 87 replies
There are a few more cosmetic issues that I'll need to deal with, but probably no more than $500 worth of materials and labor.
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18 April 2018 | 7 replies
@Deddy W. this is definitely an issue for your attorney to handle.
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3 September 2017 | 2 replies
The LLC (being taxed as a partnership), will report the property's gain on its LLC tax return and will issue Schedule K-1's to each partner/member reflecting each partner/member's allocable share of the property's gain.The LLC (again taxed as a partnership), will not actually pay any tax, the LLC partners/members will actually pay the tax on the property gain at their reporting level based upon what was reported to them on their respective K-1's.
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3 September 2017 | 2 replies
I have been having issues finding a commercial lender to help me with these in my situation.Any advice or connections to a good commercial lender who can help would be much appreciated.
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16 August 2018 | 7 replies
With buyers agents saying the appraisal might be an issue, and you have no listing agent...Im sure then there is 100% chance this doesnt appraise.
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2 September 2017 | 6 replies
It will depend on if they will be willing to issue a supplemental loan to increase proceeds.
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1 September 2017 | 3 replies
Financing may also be an issue, depending on how picky the bank wants to be.