Marlon Long
A good problem to have.... Too many people interested in a rental
18 October 2018 | 27 replies
If it's $50, then pick the best tenant out of the 20 and roll with it.
Joshua Kohl
Tax deductions for new purchase
28 October 2018 | 2 replies
@Joshua KohlThe short rule is: you can deduct something that would be deductible if the property was already in operation as a rental.
Harry Walker
Are you legally wholesaling?
3 November 2018 | 35 replies
Sounds a whole lot like brokering a deal which requires a license in all 50 states.
Jared F.
LLC AND taxes for Syndication Participation
18 October 2018 | 6 replies
As a general rule of thumb syndications are structured as LLC's and offer you protection through such entity.
Gerald Barron
Rob Wilcox
Private lending Question
21 October 2018 | 9 replies
@Rob WilcoxUltimately, someone has to pay the interest from your personal line of credit.If you want the partnership to pay for it; you would characterize the amount provided to the partnership as a loan instead of a capital contribution.You should understand; that if the partnership is 50%/50% - your partner is ultimately paying for 50% of the interest.
Jeremy Macfie
1031 Exchange Ownership Question
17 October 2018 | 1 reply
From what I am reading, this may be an issue with the "same taxpayer rule."
Account Closed
Downsizing advice needed - pay cash for smaller home w/o new mort
17 October 2018 | 3 replies
We're 50 and want to be free of mortgage debt.
Tabarus Barton
What are some of the best ways to find tenants?
24 October 2018 | 9 replies
50% of the responses were that they drive around the area that they want to live in.
Darren Nardo
Working percentages out with Lender.
18 October 2018 | 2 replies
@Darren Nardo there is no real rule of thumb for this question.