Julie Muse
Lightning Fast Sale: Quick Profits on 43rd St with Preston Moore!
5 June 2024 | 0 replies
Although no major renovations were needed, our effective negotiation and rapid transaction management significantly increased the property's market value.
Julie Muse
Quick Flip Win: Profits Soar on Eagle St with Seth Choate
4 June 2024 | 0 replies
Partner Driven financed the Eagle St deal using its own capital, covering the $175,000 purchase price and $1,800 in renovation costs.
Joyce Kim
Order to comply and Tenant eviction
6 June 2024 | 4 replies
This incident triggered every trouble I'm experiencing now. 1) The officer from LAHD is after me saying that I need to register the property as a rental property and evict her with relocation assistance, which cost about $9000. 2) The Building department is after me with the order to comply: which I believe it might be better of demolishing the house and rebuild it.
AJ Wong
Can foreign and international investors get mortgages for purchasing property in US?
5 June 2024 | 3 replies
Increasingly Non-QM or non-conventional lenders (not Wells Fargo or Citi/Chase) will offer International investors financing from 65-80% LTV on SFR & Condos and 65-75% LTV on 2-4 units.
Daniel Imahiyerobo
Neighborhood Analysis Tools Needed
3 June 2024 | 7 replies
I checked out neighborhoodscout.com but I am wondering what good competitors are out there, and if there are any free (or lower cost) alternatives.
Alexie Franck
Unhappy with rental agent
6 June 2024 | 6 replies
It will likely cost you to get out of it.
David Schnaak
Trouble accessing bonus content
6 June 2024 | 1 reply
Scott’s “book on estimating rehab costs” and am having a hard time finding the bonus content.
John McGuire
Rules for loan types when moving rental home into LLC
6 June 2024 | 2 replies
I am just a person on an internet message board, but have known enough attorneys and seen second and third hand enough lawsuits to know you are getting dragged in no matter what.Just a few things to think about before you start spending money to transfer, just to learn that it will cost you a lot more to have things like commercial insurance, commercial mortgage, business utility account (not more expensive, but typically require a large deposit to remain on account), etc.
Julio Gonzalez
Amending Your Tax Return vs Form 3115
5 June 2024 | 4 replies
Some examples of this would be 1) depreciation calculations such as switching from straight-line depreciation to accelerated depreciation (often used for cost segregation studies when not performed in the year placed in service), 2) income recognition, and 3) inventory valuation such as changing from LIFO to FIFO.Correcting a mistake: If you realized that you used an incorrect accounting method after you filed your tax returns, you can file this form to request permission to change to the correct accounting method so that your tax reporting is accurate.Here’s a chart that you may find helpful when deciding whether you need to amend your return or file a Form 3115.As always, I recommend consulting your CPA or tax advisor as the rules can be complex.What is your experience with filing a Form 3115 or amending your tax return?
Anja Schepp
Mobile home park restrictions
7 June 2024 | 8 replies
While completely renovating an MH is cheaper than a SF, it can still be quite costly.