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MARCS or straight line depreciation. So as I understand it if I use MARCS I will be on the hook for more in taxes when I sell the property vs straight line depreciation. Still with that in mind what is the preferred d...
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A CPA friend and I want to form a limited partnership. He has a great credit score and offers it for me to acquire an unsecured Line of Credit that I will use for earnest money deposit and soft costs associated with t...
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Hello... In doing a lonnie deal, after you have purchased the mobile home and now you are trying to sell it.(with financing) What are some exit strategies if you can not re-sell the mobile home???
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My friend loaned me 100% of the 15k purchase price for a fixer upper with 5k cash out for repairs.I completed the rehab with 25k from my home equity line.For his security, we put the house in his name. Option 1. Sell:...
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Hi,
I am planning on a potential 1031 (very early stages) and would like to see what the reinvestment goal would be to maximize the befits of the 1031.
property I would like to exchange
purchase price $515,000
...
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Hi folks, just sharing some tips I got from a @Dave Meyer video a few months back. It really helped me to identify a market to invest in, starting zoomed out and then honing in on shortlisted markets to pick the one y...
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I just had a situation where a tenant had a leaking toilet and informed the property manager. Apparently, it was considered an emergency because the supply line was leaking and otherwise would have flooded the home. T...
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I am looking into purchasing a 4 unit in Ohio as my first property. When we viewed the property it appeared that the water meter is not connected. We requested utility bills and after some time finally receive them. I...
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How does a new LLC purchase rental property w/o credit history? Or better yet, how do I get around this obstacle?
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Hi.I just got the sewer inspection report back and it doesn’t look good, but maybe it is something ok and I got worried.Would love some opinions and recommendations on what to do, I have a inspection contingency but i...