Eric Clunn
Assignment Fee When Structuring Owner Financing Deal
10 April 2024 | 5 replies
How do I apply my assignment fee?
Sonny Dhillon
Thoughts on Naming Storage facility
13 April 2024 | 7 replies
I smell a refi in your pipeline a year or so from now, remember this isn't a home loan, so "two years of tax returns showing a profit" is NOT a hard/fast rule at all to get the best terms.
Avery Biles
Cash for downpayment
13 April 2024 | 8 replies
Yes physical cash, I'm also worried about putting the money in to others bank accounts and then them getting taxed on the money because it'll look like income even if there just transferring the money to the lender.
Collin Hays
The Reality of Pets and Your Vacation Rental
12 April 2024 | 17 replies
The fees I charged as a LTR landlord more than made up for additional cleaning expenses.
Cindy Cheng
How do you defer gain from 1031 exchange on PA Schedule D? HELP!!!
12 April 2024 | 1 reply
I'm filing my taxes using TurboTax and completed form 8824 for Fed purposes.
Nick Baston
New Real Estate Agent Commission Rule
12 April 2024 | 2 replies
Given this new law it concerns me as a buyer and I want to know if agent fees can be written off whether through a personal deal or through an LLC.
Jerry Velez
Ready to dive in! - REI
12 April 2024 | 10 replies
Consult with real estate experts for guidance on legal obligations, tax consequences, and financial strategies.
Jimmy Stretz
Platinum STR at Vail Racquet Club offers highest rental revenues possible!
11 April 2024 | 2 replies
Using a 1031 Exchange we were able to defer capital gains taxes and upgrade to the VRC.
Choon Yee Dee
Max Allowable Offer for Fix and Flip
11 April 2024 | 5 replies
Try looking at it a slightly different way with some quick math:$900,000 sales price$22,500 cost of purchase (appraisal, points, lender fees, title fees, etc - 2.5%)$90,000 cost of sale (10% commissions, closing costs, buyer credits)$64,000 carrying costs (6 months at 10%)$25,000 additional carrying costs (6 months taxes, utilities, HOA, misc)$100,000 rehab cost (the number used above)$68,500 profit = $530,000 max allowable offer.Some numbers may be a bit high, others may be a bit low.
Jonathan B.
House with Equity, Paying off arrears and creating a 2nd mortgage
13 April 2024 | 7 replies
Instead I hedge my returns by saying to them, I don't want you to have to worry about more payments right now, but I will need a better sale price in exchange.I like to do these deals in a retirement account that's tax advantaged.