Kaizen B.
Failed to claim depreciation on rental
I was unaware that I would have to pay taxes on depreciation when I sell my rental property whether I claimed it or not...which I haven't done for the two years I have owned it. So now I'm trying to figure out how to ...
Miller McSwain
Changing Purchase Price after P&S is Signed
I'm closing in on a wholesale deal that I might get signed. I started thinking ahead and had a question. How do I revise the purchase price in a Purchase and Sale Agreement?For example, if I get an Agreement signed, t...
Jared Burns
Philadelphia Contractor Agreement Form
Anyone in or around Philadelphia have a form of contractor agreement they like to use for GC’s in Philadelphia, including indemnity and insurance requirements, and drawdown schedule? Thanks in advance!
Steve Karpinski
Partner for One Flip
Is it possible to set up a partnership for one flip? We partner up, buy the flip 50/50 then once it sells the partnership ends? I do have my own LLC so I wasn't sure if it was possible to do a 50/50 deal without addin...
Denise Evans
Ala Void Tax Certificate Issue Fixed by Legislature & Governor
The June 26, 2020 Alabama Supreme Court decision of Stiff v. Equivest struck terror in the hearts of Alabama tax certificate investors. The court held that a Bessemer tax auction, held inside the courthouse, was void ...
Saurabh Pahuja
Transfering new home contract
Hello,Is there a way to transfer the contract for new home to another buyer before closing? I was thinking of LLC as a vehicle to achieve that.RegardsSaurabh
Alexander Ransom
Looking for a CPA in the south east Wisconsin area
Hey all, just started a business and bought our first property. I am looking for a CPA that is knowledgeable in real estate in Wisconsin. Thanks!
Patrick Tiedeken
Wholesale financing question
Hi Folks! I am in the beginning of my wholesale journey. I am marketing, contacting owners and found someone interested. I was offering a conventional loan with 20% down, a 10 day inspection window and a 30 day close....
Carlos Mendigochea
SB9 and Lender Implications
I wanted know if anyone has any insights on how the SB-9 law and the rights of lenders and mortgages on the existing single-family properties might play out? If the existing lot is split into two, will the newly creat...
Melissa D.
Moving Property to LLC - how do I change the newly signed lease agreement?
I just signed a lease with a tenant on my first rental property (a condo) and today my CPA advised that I move the ownership from me personally to an LLC. I used Zillow Rental Manager for the lease and it does not h...