Hello, I have a question. I am in the process of closing a deal and I just got a few questions from the underwriter, and I need to know how do I let them know whats going on without them bailing? I intend to be honest...

Hi all,I had purchased a long term rental in 2022 with myself and spouse as the original owners. We took the depreciation on our personal tax return in 2022. We transferred the title of the property to an LLC where bo...

Here we go again....are there any landlords out there who actually follow the rules?!? I think I'm a pretty good tenant and yet I'm always getting screwed.

...

TLDR: Lesson Learned: If you are buying a property to house hack and the unit you intend to move into is occupied with tenants and collecting rent after closing, then for tax purposes, it will be considered a short te...

I have the possibility to sell one of my Fourplexes that has the most equity and would like to buy two other Fourplexes with the proceeds of the fourplex sold. My question is, can I do this transaction under the 1031 ...

We may be buying real estate, but as investors, we are really selling our services to property owners that may initially be reluctant "buyers" of a low-value offer that we make. I've often struggled with the process o...

COA and resort fees exceed 1300 per month for each condo What happens if I pay half during shutdown? 

Hi fam,I’m a self-employed looking to buy a multifamily (3-4 unit - is the goal) in greater Los Angeles area(LA and/or San Bernardino county). I’m trying to get a FHA Loan. How much income should I record as a taxable...

What’s the point of having a LLC when buying a rental property?

Hello Everyone,I'm beginning to do a cash out refi and the bank wants an explanation letter. Basically, they want to know where the money will be spent. Is there a better answer to put? We just want to expand our port...