Hi BP! I would like to know what a typical finders fee would be for connecting a developer/builder with a property owner. The property owner is not going to list the property nor will they pay a commission. They ha...
We are set to close on this house in a couple of weeks, which has some pretty major nicotine stains on the main floor walls and ceilings. The living room and kitchen are the worst (see pic below of living room ceiling...
Hello,I am on chapter 12 of the book and one of the exercises I must be missing a critical piece of information because I can't figure out why the answer is what it is. "What is the annual depreciation for a residenti...
Would it be beneficial at all, either for tax purposes or otherwise, to "rent" from your own LLC or Trust? For instance, if I bought a home through my LLC as a rental, but I lived there, would there be any benefit to ...
Hello! What are the steps for Realtors when doing rentals, working with rental listing agents and management companies in Southern California? I don't need to know anything other than the steps. What forms to use, whe...
Does anybody have a recommendation for a Solo 401k compliance company? I currently have a document sponsor, but not a compliance provider. Also, what is the yearly rate you are paying for your compliance? Thank you
People keep mentioning the tax advantages of real estate and asking me about how that must be a huge benefit to my family. I also just read a whole book about tax "loopholes" (written in 2005 by the way). That was re...
Hi all, I purchased a property in 2023. But in the year 2024, I can qualify for REP status. Can I claim bonus depreciation for the property purchased in 2023 against W2 income in 2024?
Long-time lurker. First-time poster. Don't eat me alive. I feel like this potential deal structure is different from most which is why I'm seeking more advice/wisdom. It's a double wide manufactured home, 3/2, on land...
Hello,one of my renovation would benefit from a new kitchen layout. The issue is due to the floorplan, I am having issues having an idea on how to reorganize the kitchen.Does anyone know or recommend an interior renov...