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27 January 2025 | 6 replies
My company offers fast-closing, no credit/bad credit loan packages in 44 states and referrals in the other 6.
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29 January 2025 | 9 replies
I'm looking for referrals for a custodian, tax attorney, and a CPA to set one up and advise me.
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4 February 2025 | 2 replies
I understand I wouldn't get the benefit of tax deductions, but what else am I missing that makes this a good deal?
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28 January 2025 | 6 replies
https://www.biggerpockets.com/forums/51-tax-legal-issues-con...
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19 February 2025 | 4 replies
Though I am unsure how I would amortize the up front remodeling costs for P&L, tax accounting.2) Interest only loans term loans - Would allow current owner to have cash flow on the property, without eroding the asset value.
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28 January 2025 | 4 replies
Sellers can avoid paying transfer taxes to the county, while buyers are spared from facing significant property tax increases.However, it's important to note that lenders typically only approve these loans for properties with five or more units.
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13 January 2025 | 2 replies
Hi All, any input on renovating a house and possible tax exemptions under an LLC?
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4 February 2025 | 17 replies
We also got them to have it professionally cleaned, ducts cleaned, they threw in some furniture for free, paid a lot of the closing costs that buyer usually pays, paid most recent mill levy instead of prior years taxes, paid my 2.8% commission, etc. because it is a buyers market and that's what you can negotiate in a buyer's market.
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29 January 2025 | 27 replies
A couple questions:1) Has anyone worked with local lenders like a local bank or credit union?
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27 January 2025 | 9 replies
If you do place the property in her name, you've got a Gift Tax (Form 709) to complete.