Bob Sacamano
Tax implications on renting Duplex to sibling who is also co-owner
Hello!
I can't seem to get a straight answer online by searching for this. My situation is:
1. W2 income puts me in 35% tax bracket.2. Purchased a duplex with sibling as co-owner that will occupy one half of duplex....
Kelly Skeval
First MHP purchase, need help with valuation
Hello. I’ve been researching MHP investing for awhile now. I’d like to acquire the right park and plan to attend the Mobile Home University bootcamp in May. Until then, I have a park that has sparked my interest an...
Chelsi Powell
Is it illegal to wholesale houses in WA state with no license2022
I have seen multiple answers on google and on BP. I'm wondering is it illegal to wholesale houses in Washington state currently in 2022? I'm finding some answers that say it's legal if you let them know what you're do...
Sam Gad
Is this safe?
Hello!Recently purchased multi-family and was told by the inspector that the landing structure at the steps isn't attached well to the house and it must be properly secured to the structure to prevent collapse. Not su...
Eric S.
Seller to apply 10k credit to closing instead of reducing price
I am currently in contract for 2 unit at 300k with 4k closing costs. . Each unit rents out for $1550 currently. Taxes are $3300 a year. Everything is good appraisal came back good. Only thing we are going back and for...
Jeremey J.
Note brokering instead of balloon for seller-financing deal?
Is this a thing?RE investor approaches property owner about seller-financing.Owner is on the fence. Cash now is more attractive for them than passive income.So investor suggests a balloon option at, say, 5 years.Owner...
Adam Sumegi
Completed ADU apraisals california
Does anybody have accurate up to date information on how a newly build or a renonovated structure will be appraised if it is a detached ADU . I have been told that it will be asessed differently on square footage to t...
Jessica Wood
What is the real benefit of cash?
Forgive me if this seems naive, but what is the real benefit of having cash when investing in real estate vs. being able to obtain financing? Specifically 500k-1m of cash. Would it be best to use that to buy a forecl...
Tim J
How to determine building value for depreciation
I'm in a bit of a quandary at the moment. I purchased a property in pretty bad shape for about $1 million last year and spent about $500,000 on what ended up being a MAJOR rehab project. The city assessed the value ...
Jerry Kisasonak
Transfer taxes on contract assignments?
I recently had someone tell me that you have to pay transfer taxes when you assign a contract. Is this true?
I've done contract assignments and have never paid any transfer tax. In my mind, there is no transfer of o...