Tariq B.
Would You Fire Your PM Over Outragous Maintenance Costs?
9 June 2018 | 9 replies
I don’t think they put on the contract that their duty is to find you the most competitive price so don’t see a high likelihood of the contract being void and releasing you from whatever you signed.
Mike Stadel
Are you licensed is it necessary
13 June 2018 | 20 replies
You guys might be a little quick on the trigger here; in many, if not most, jurisdictions an owner can pull permits/function as a GC Only on an owner occupied property, not as an investor/flipper, and usually requires the owner to retain the home for at least a year before selling/renting, to qualify for that exemption.While the OP may indeed need a new accountant, he doesn't even know what kind of license the accountant was referring to, apparently he didn't even ask.
Joshua Horn
After house is under contract.
12 June 2018 | 2 replies
@Joshua Horn that will depend on how your contract is worded.
Mitch Horwart
Recommendations for remodeling contractors in Omaha?
10 June 2018 | 2 replies
I recently placed a condo here in Omaha, Nebraska under contract and I am looking to get some quotes.
Shawn Kostoff
Cash-Out Refinance from LLC to Personal Name
10 June 2018 | 5 replies
How often does this trigger the due on sale clause?
Jerry Chen
1031 Exchange to a lesser value property
12 June 2018 | 8 replies
For the current condo like @Clayton Mobley said, you need to purchase at least as much as your net sale (contract price minus closing costs or around $300K in this case) and you need to use all of the proceeds from the sale (the net sales price minus mortgage payoff or $175K in this case) in your replacement purchases - if you want to avoid all tax.
Mark G.
Transfer Home Tax Basis from Parent to Child - California Prop 58
11 June 2018 | 3 replies
Current tax basis is approximately 25%-35% of FMV and the sale would trigger a sizable capital gain.
Michael Kretch
The Foxconn Effect and How to Invest
18 June 2018 | 19 replies
Separately, got a house under contract in a solid neighborhood of Kenosha this week, continuing to invest in the area.
Corey Jackson
Is a Joint Venture contract needed?
9 June 2018 | 2 replies
I’ve been asked a few times to do a joint venture with other local investors who wholesale and wanted to know if a specific JV contract is needed.
Graham Williams
Recommended Lenders for Rental Properties
15 June 2018 | 9 replies
Just got my first single family rental property under contract and am looking for recommendations of good lenders in the greater Houston area.