Account Closed
Taxing a flip as a rental by leasing the unit prior to sell?
At what point is it determined, in the eyes of the IRS, how to tax a flip? For example, if we buy a property with or without the intent of renting it out, and after rehab we place a tenant in the unit, can we sell it ...
Justin Haberman
Build on burned home foundation.
We have found a vacant lot that we have mailed the owner to offer to purchase. It appears that there was a fire and the foundation remains. Has anyone ever purchased a property like this? I'm assuming you would need ...
Bruce Clark
What is a good cash flow goal on a no money down deal?
I currently work with a local portfolio lender. I have a history with them, and they typically will have no problem with lending me 100% of the purchase price for small SFH's that have very low purchase prices ($25k -...
Todd Nagel
Best business structure when raising funds, open/closed time
What are the best structures for a real estate investment that includes raising funds from friends and family, investing in multiple single family homes as well as other real estate opportunities and that could be an ...
Eric Ireland
Selling seems obvious...
It seems like an obvious decision, but thought I'd throw it out there to you guys and gals for opinions.
I purchased a house here in southern California in 2010 as my primary residence and it became a rental a year l...
Michael Bouzaglou
Multifamily with low rent
Hey guys my dad owns a multifamily (4 unit) in L.A and over the years the rent wasn't raised so the reality is the rents dont fit at all the areas rents and now we want to sell whats the best thing to do :Vacant the t...
Chris V.
IT Nerd Investor - Columbia, South Carolina
Hey folks!My name is Chris, and I'm one of your latest super real estate newbs. I've spent the last 10 years in Information Technology, and I currently work as Director of Cybersecurity Operations at a financial insti...
Account Closed
I disagree with my accountant on interpretation of the de minimis
I dove into the IRS code today, and I think I have an airtight argument that the de minimis rule applies not only to personal property like refrigerators and computers, but also to materials and supplies used in impro...
Mike Makkar
Need help with due diligence on a Note (first attempt at this)
I'm a Note noob. Need some help analyzing.Property Valuation = 66kNote's Unpaid Balance = 25.2kNote Sellers price = 21.6k (standard 85% of UPB)Sellers claims note "performing", but has unpaid taxes of 8.5kLoan maturit...
Uwe K.
How may days late fee to add after tenant move-out?
I have (had) this tenant who didn't pay, then I sent a 5-day notice, he moved out even before he got the notice. No damage, everything good so far.
Considering going to court, but may be a dead-beat. I don't even know...