Matt Inouye
RE Held In S-Corp
2 September 2016 | 5 replies
I was looking to do a cash-out refi to take money out while locking in lower rates, but now that the properties are in the S-Corp, I am unable to transfer back into my name to refi without creating a taxable event.I am wondering if there are any strategies to moving these out in a tax advantaged way (I expect there will be some cost to doing so).Some strategies that have come up in other conversations are:1) Form LLC and issue a note to the S Corp with the properties as collateral... then if S Corp defaults on the note... the properties will be transferred with out triggering taxes (although cost basis would remain the same)2) Have appraiser apply discounted valuations on properties due to lack of marketability (I am only a 50% owner of the S-Corp).
John Burton
Yellow Letter Campaigns
2 September 2016 | 4 replies
Imagine you have crushing stress from a problem property, any kind of letter addressing your issue at that time might be welcome, and you would call.
Andrew Orr
Paneling solutions
1 November 2016 | 12 replies
When we did it we discovered a few additional things that needed to be fixed that would have posed a huge issue if not corrected in the future.
Ray Agosto
Fees
1 September 2016 | 1 reply
You're not also flipping the property, so the cost of money isn't really your personal issue.
Jared Garfield
When Did You Decide to Buy Someone Else A House?
7 October 2016 | 3 replies
This allows me to do a 1031 exchange and get into newer properties with better tax advantages (once I have used up most of the depreciation from the previous rental), and it allows me to never deal with deferred maintenance issues that increase my cost of ownership.
Matt Siapin
Rental property Orange County
8 September 2016 | 6 replies
The issue you're going to run into however is the rate that owner will likely be pretty high.
Dustin Battas
Insurance Advice Needed
3 September 2016 | 9 replies
Just keep calling insurance agents in your area until you find that ones that will issue a policy on a vacant property.
Aaron Xie
Have anyone used the tenant screening tool on BP?
2 September 2016 | 3 replies
Did anyone have similar issues?
Lucia Mendoza
How to find owner of a clearly vacant home to buy?
7 September 2016 | 5 replies
Hello all,I've recently ran into the same issue where the only address listed for the owner was the vacant home.
Kent Baltare
Owners open to sub-leasing in the South Bay Area.
10 September 2016 | 25 replies
2) Noise issue - Sometimes, they have too many guests in a unit.