Yuvaraj Vimawala
Multifamily Offer contingencies
19 November 2019 | 13 replies
What would be a contingency to get out of the deal if the rent rolls/ operating statement or lease info is not-verifiable or turns our to be false ?
Nick Colvill
Seller doesn't have Schedule E - shady?
4 September 2018 | 16 replies
On one hand, they me be just like you and not raise it often, but it also may be because there is something else lurking - just my initial thoughtsAlso, in order to get the lender financing they are requesting the Schedule E to verify the income to use to offset the debt, so that I don't have to get qualified using just my numbers.
Sean Morrisey
I got a $1M offer on a 16 unit building and I need to 1031...help
31 August 2018 | 15 replies
If cash and capital gains are mixed then it gives rise to a pro rata treatment for tax benefits.For example if an investor invested $500k capital gains and $500k cash into a QOZ fund (and received stock) only 50% of the appreciation on the stock after 10 years would be tax free as only 50% of the initial investment was capital gains.The form to self-certify as an OZ fund has yet to be released by the IRS.If you have already invested cash into a QOZ for the tax benefits I would highly recommend you speak with a specialized real estate CPA who is well versed in QOZ's.
Gerald Alphin
Contractor money problems during the rehab
31 August 2018 | 3 replies
Tough to make a call on this one but you might save the relationship if you sat down with the GC and poured over every detail on what has been paid out (down to the last cent) and then come to an agreement on what is owed back to you from the initial $15k.
Brian Babbage
Adding 1/2 bed + 1 Bath to an attic of SFH
30 August 2018 | 0 replies
From my initial research I have gathered the following:1.
Tim Chase
HOA stops new owner from renting in first year
10 September 2018 | 14 replies
Everything went smooth with the purchase and initial property turn over until I received a letter from the HOA management stating they knew that I was going to rent the property and that I had to wait a year before doing so.I was surprised by this requirement.
Hai Loc
Capital Gain apply if
30 August 2018 | 2 replies
It appears yes, it is a straight sale.....you get the full price in cash, they get title....you simply get a portion of cash flow and the right to buy back later....can’t see how that changes the initial sale.
Logan A Tyler
[Calc Review] Help me analyze this deal
5 September 2018 | 3 replies
Check with a commercial lender to verify actual terms.2.
Jose Trevino
Newb from Evansville IN ready to get going
22 September 2018 | 12 replies
I’m also looking to fix and flip initially but hoping to move to a buy and hold strategy in the long term.
Joseph Bogart
Foreclosure tenant unknown if lying in wait
22 September 2018 | 9 replies
If that's the case, then yeah, once you send a notice to tenants in possession, and once you've verified that it's vacant and if you couldn't verify its vacant, waited 90 days (Assuming no one contacted you back) then sure, start eviction.