Julie Timm
Tax implications on a 1031 exchange that you gifted but then became a mtg coborrower
25 June 2024 | 2 replies
She, and her husband who is an Australian citizen, are returning to Australia once they sell the property.
Blanca Munoz
Single family home but just found out about the BRRRR Method
26 June 2024 | 16 replies
All of this has cost me about $10,000.
Ryan Yu
rules regarding 1031 in New York
27 June 2024 | 3 replies
I live in New York City and I am selling an investment property in California, a single family house, and I am planning on using 1031 to buy investment property in New York City.
Jack B.
$3,500 quote to replace 1 AC part, $450 an hour labor???
27 June 2024 | 6 replies
They won’t give me just a quote for what it would cost for the same work in the first estimate.Am I obligated to replace or repair the AC?
Jonathan Feliciano
Should you have a Contractor walk the property with you?
27 June 2024 | 9 replies
I was thinking perhaps it would be easier to just bring a general contractor to walk the site and provide an estimate on all the rehab costs, rather than to find separate contractors for each specialized task.For those of you who have worked on fixer-uppers, did you bring a general contractor to walk the property with you and give an estimate on rehab costs?
Julio Gonzalez
A Perk of Investing in RV Parks
27 June 2024 | 2 replies
However, there is a tax deferral strategy that could accelerate your depreciation, keeping more money in your pocket today, known as cost segregation.A Cost Segregation study is an IRS approved federal income tax tool that increases near term cash flow by utilizing shorter recovery periods for depreciation to accelerate return on investment.
Sandra Youkhana
Unlicensed Property Management Company in Jackson Mississippi
29 June 2024 | 26 replies
I would not get an attorney involved unless you just want to prove a point. it will probably cost you a few thousand and I am sorry but the attorneys involved , your attorney and theirs will settle out of court.
Account Closed
Seasoned Real Estate CPA Expert Answering all Questions on Investing Tax Strategy
26 June 2024 | 34 replies
I am using a Heloc to fund my real-estate purchases and also to cover the rehab cost. 1.
Julie Muse
Linda St Flip: Big Profits in Delhi with Seth Choate!
28 June 2024 | 0 replies
Partner Driven financed the Linda Street deal using its own capital, covering the $200,000 purchase price and $34,000 in renovation costs.
David Pittman
Becoming a Mortgage lender
25 June 2024 | 4 replies
Lenders typically originate the loans to investor specs using a warehouse line/line of credit (meaning borrowed money the lender is responsible for), then immediately (within 30 days) sell that loan to an investor.