Jordan Thompson
First deal (Duplex) rehab and build - with pics!!
25 February 2022 | 27 replies
I disassembled all the sample flooring planks I put down and got to work.
Jason Malabute
UBTI and self directed IRA
30 November 2021 | 4 replies
@Jason MalabuteIt will depend on the nature of the partnership and how income is produced.As a limited partner, the IRA will have tax liability if taxable income to an IRA is created by the partnership.If the partnership is engaging in a trade or business (as opposed to generating passive income like rents) then there will be taxable Unrelated Business Taxable Income (UBTI).If the partnership is using debt-financing then there will be taxable Unrelated Debt-Financed Income (UDFI).The presence of UBTI and/or UDFI will require the IRA to file a trust tax return on form 990-T and pay the resulting Unrelated Business Income Tax (UBIT).It is always best to check with licensed tax counsel who can review the specifics of your intended IRA investment.
Jim Spatzenfeld
Am I allowed to evict after I close on purchase in California
2 December 2021 | 11 replies
As far as I understand, an LLC that owns a duplex in California cannot evict a tenant except for a "good cause" eviction for things like failure to pay rent on time, failure to cooperate with legal recertification requirements, and engaging in illegal activity on the premises, etc. which is not the case here.I would like to evict after closing because the tenant pays less than 50% of market rent and California does only allow annual rent increases between 5-10%, so I cannot bring the rent to market rent with this tenant.Any ideas?
Taylor M.
Cold calling for someone else? - wholesale real estate
6 December 2021 | 10 replies
You get practice and get comfortable engaging with and building rapport with sellers, and they can focus on another part of the business.
Fletcher Clardy
Moratorium Effects 2021
10 May 2021 | 7 replies
People still have been leaving their homes and socially engaging.
Harrison Beethe
Dallas, Texas Pro Baseball Player
30 July 2021 | 17 replies
When you think you are ready to engage a real estate professional check your credit report and work with a lender to get a preapproval letter.
Cal Valencia
Cold Calling Leads Best Practices
8 August 2021 | 11 replies
One method to engage people and get a yes is ask questions that you know they will say yes to.
Michael Maslanka
More than 2 friends financing a rental
18 August 2021 | 7 replies
The partnership agreement engages conversations that set expectations so that you don't end up in a courtroom. only sometimes do they become legal documents.partnerships can be tough but my business thrives on them.
DAVID PENNA
unauthorized tennant not allowed per lease agreement
9 August 2021 | 3 replies
Do not engage the tenant in discussions.
Lisa Anderson
Lipstick on a prize pig!!
8 August 2021 | 3 replies
And than you Todd for asking, taking the time to read and engage.