29 January 2021 | 32 replies
If OP elects de minimis safe harbor ("DMSH"), he's going to have to capitalize as the expenditure is going to be more than $2,500.If OP forgoes the DMSH and instead applies the Betterment, Adaptation, and Restoration tests ("BAR tests") under the tangible property regs, we'd almost certainly have a betterment and/or restoration of the HVAC subsystem on our hands, so we'd also capitalize under this option.OP may be able to use the safe harbor for small taxpayers ("SHST") to expense the costs, however not enough information was given by OP.If SHST is off the table due to limitation, then must capitalize.
27 January 2021 | 0 replies
I have my first wholesale deal on the table but it turns out that it’s with an agent.
28 January 2021 | 4 replies
😁Best of luck to you and hopefully we cross paths at a closing table one day.
27 January 2021 | 4 replies
They are probably going to leave some of your money on the table.3) If a lender asks you for different documents 10 different times throughout the transaction it is time to find a new lender.
29 January 2021 | 37 replies
So basically under the table.
1 February 2021 | 5 replies
I am new to REI and wondering what options I have to receive financing as an “under the table” employee of the cannabis industry on the west coast?
30 January 2021 | 14 replies
So I’ve polled a good chunk of syndicators and they’ve all said something similar to you michael- the ability to raise capital is key.I’m going to start doing that with my single family houses so I’m better positioned in a year to bring some value to the table for a GP slot in a syndication.How much capital are you trying to raise michael?
29 January 2021 | 7 replies
Check out comparables in the area and even put together a little excel table if you'd like - what's the bed / bath count?
29 January 2021 | 5 replies
I know flippers often don't necessarily love paying commission, but usually realtors are able to sell for higher and help you watch out for potential pit-falls on the way to the closing table.
29 January 2021 | 6 replies
@Scott GordonI’m not sure if there’s a one size fits all calculator to tell you how much money you need to buy a rental property.There are so many different options available on how to bring money to the table and how to structure a deal that there is no single answer that’s accurate.