I'm considering selling a property to a family member below current market value. For the purpose of determining potential capital gains/losses, I need to establish a fair market value that will hold up to IRS standa...
One of my clients recently put a commercial tract under contract and but now he's decided that he would like to have these lots platted separately. The idea is that he would have a loan on the property that his busi...
This may seem really dump to many of you, but as a starter I want to understand how to correctly setup the business to protect me from any violation with the law.Here is my situation: like many new investors out there...
I need advice! I own a upstairs/downstairs duplex in Denver, purchased in October. The upstairs rented out quickly in November and we have a 6-month lease with those tenants through May 31. The downstairs, it's a gard...
I have this 3/2 "turn key" rental house in Odessa Tx tied up with seller but would like a 2nd opinion if I should move forward with it.
Offer Price- $110,000
Appraised - $113,000
Tax Appraisal website - $90,544
Dow...
Age 56 and retiring from farming and I’ve been very good at avoiding income taxes with depreciation and business expenses. But I will have over a million in pure gross income coming in 25. Plus I may also sell some ...
Hello BP Family! I used the VA home loan last year to purchase my current residence, and I've heard that the VA will lend on investment properties as long as they are owner occupied. If any veterans have had any succe...
So I was thinking about setting up a LLC for the next rental property I buy, to add some separation between my rental and my personal assets. However, I was speaking with an attorney and he said that a simple single m...
I am in the process of closing on a property and was setting up the insurance with my agent. The policy requires a 4-pt inspection on the property and I have found that the electrical box needs to be upgraded.
My qu...