Deanna McCormick
Setting Sale Price, between private parties..
17 March 2017 | 0 replies
I had a property appraised last August, (estate purpose) the most recent value change has indicated that properties have increased in this area about 7.5 % since last year..Can I use this number without a new appraisal to justify the ASK between private parties,, Is this a fair expectation.At the time of appraisal I had informed the appraiser that I was planning on selling in spring and he said list with realtor at $....
Andrew Lapham
Zoning Regulations on SFR
21 March 2017 | 11 replies
ADU laws are typically meant to promote adding an in-law in the back yard or sometimes by adding a 2nd entrance at the side of the existing structure.
Nikita Khambe
Investing with someone else's IRA money.
2 April 2017 | 17 replies
Interest earned by an IRA as a purpose is excellent.
Stanley Parsley
non owner occupied insurance
17 March 2017 | 0 replies
I'm looking for a non owner occupied insurance carrier to cover the 5 bed room 3 bath home I am remodeling in cottonwood AZit is set up as a single family dwelling with a addition for a mother in law aptthe city will not allow me yet to be classified as a duplex but for all intensive purposes it is not sub metered sq footage 2864 with arcadia area in middle of homethe purchase was 70k owe about 46k on the property and it sits across the street from the medical centerall new plumbing, electrical, drywall and heating/cooling unitstill under construction, will need about 30k to complete
Matthew B.
Should you change your LLC regularly? Attorney says yes!
18 March 2017 | 6 replies
Run a dozen or so deals through, then let the LLC dissolve and create another one.I believe the reasoning was for liability purposes, and the CPA said it was to avoid IRS attention.It doesn't seem right to me.
James D.
Can I convert personal credit to corporate credit?
24 March 2017 | 4 replies
I currently have about 70K of unused personal credit lines, but I refuse to use credit cards for consumer purposes, so they're just laying dormant (I only use them periodically to keep the lines open, and then immediately pay them off).
Mark Jones
Escrow a lease option fee?
10 February 2019 | 7 replies
Also putting the money in escrow keeps it held in reserve by a third party and out of your pocket, which defeats the purpose of collecting the option fee payment.
Graham Nash
Lease with the option to purchae
20 March 2017 | 3 replies
Just a few points for you to consider to hopefully get you on the right track: * Option to Buy and Lease are separate documents with separate purposes.* Tenants pay a NON-Refundable Option Consideration Fee in order to receive that option.
Zak Klobucar
Tax Deduction General Questions
20 March 2017 | 5 replies
When buying a property, there are a lot of items that can be deducted at tax time, like property taxes, HOAs, utilities (if you pay them), mortgage interest, and depreciation (based on 27.5 years).If my income puts me in the 28% tax bracket, and those deductible items listed above come out to $10,000 (easy number for math purposes), would I be able to collect an additional $2,800 from the IRS...and would it be smart to include this in your cash on cash ROI calculations for the year?