Christopher Helwig
Multi-media Documentation of Flipping for Potential Buyers
9 January 2025 | 3 replies
To address this I took detailed pictures from beginning to end of my most recent flip, documenting that we did a thorough job using quality materials.
Todd M.
Inheriting tenants and no move-in inspection
26 January 2025 | 5 replies
I'm use to a move-in inspection documenting the condition of everything at time of move-in.
Ed Long
How Do You Decide If a Borrower Is a Good Fit?
23 January 2025 | 9 replies
In addition, we pull our own comps and use Lightning Docs to generate our loan documents.
Sanjai Dayal
Own commercial building, I use 2 of 7 offices for medical business- pay myself?
29 January 2025 | 4 replies
Rent payments from the medical LLC are fully deductible as a business expense, while the property-owning LLC will report the rent as taxable income, which can be offset by deductions for expenses like mortgage interest, property taxes, maintenance, and depreciation.To ensure compliance, document how FMV was determined—using market comparisons, an appraisal, or similar data—and draft a formal lease agreement outlining the terms, rent amount, and responsibilities.
Matt Wan
Can I buy a property without being physically present for any part?
17 January 2025 | 16 replies
A relative who does long-distance real estate investing told me that I have to sign the final loan document and the transfer of ownership document in person.
Victor Yang
if i gift a house, is the cost basis what i purchased it for or the FMV?
24 January 2025 | 8 replies
They are familiar with you and can give you direction and documentation.
Brandon Larson
Please Help: Property Management Policy Binder
29 January 2025 | 7 replies
Once you get around 50 doors, then I would look at documenting policies and procedures.
Clifford Pereira
Real Estate Professional (REP) Status guidance
28 January 2025 | 11 replies
Proper documentation ensures you’re prepared to substantiate your claims.Federal REP or STR material participation allows you to deduct rental losses against active income, significantly reducing your tax liability.
Julio Gonzalez
Which cost segregation study approach is required by the IRS?
27 January 2025 | 0 replies
However, there are multiple documents that emphasize that all 1245 property determinations must be factual and supported by corroborating evidence.
Apryl Skahill
How to get spouse on board?
28 January 2025 | 19 replies
Here's what I'd do: Create a Word Document or Google Document Titled "DRAFT: Life Vision" do not use a template, do not pay some guru for this.