Samson Kay
What do I need in my appartments to get Fair Market Rents for Section 8.
I have a new four family house that I'm currently rehabbing. I have a general idea of what I plan on putting in. But I thought it would be a good idea to establish a baseline for FMR criteria for apartments in my area...
Mallikarjun Reddy Pateel
Immediate Value add Underwriting.
Hi, I'm currently Underwriting a deal. Rents are below market value. I don't have to do any rehab I can Increase the rents as is. My question is do i still underwrite the NOI, Cap rate for current rents or Market rent...
Patrick Shep
Land Value for Depreciation
if you’re figuring out the land value for depreciation purposes, can I use the Fair market value for the land? The county assessment taxes it at 59k which is WAY too high. A plot of land has sold for $8500, $10k and 2...
Kisean Smith
Calculating Property Taxes.
If I purchase a property does my purchase price automatically become the assessed value for calculating property taxes?
Maranda Christensen
Advice needed for a Vacation Rental Listing
I'd love to get some input and advice for a property I have listed. Please share your thoughts. What makes this property a tough sell is that there have been preliminary plans to widen NC hwy 150. The project has be...
Robert Borer
SD-IRA Tax Handling for Investing in Single-Member LLC
Greeting BP RE tax gurus:I've received a notice from my SD-IRA custodian to report the fair market value of my "investment". I invested in a Single-Member LLC, of which I am the "Single-Member". The single-member LL...
Mal Johnson
Lease with option to purchase? Please help
Hello,I invested into my first home through a lease with option to purchase. The lease was for a 12 month term with 2 options to renew at 200 increases maximum each year. The option go purchase had two options to ren...
Bett Zeng
Title transfer from individual to multi member LLC in California
Hello everyone!
I'm looking for advice on the tax implications that come with transferring title from an individual into a LLC with 3 members. A couple days ago I purchased a multifamily up in northern California and...
Chris Mason
FNMA will count lease option higher rent towards down payment
Who knew? Take a look at this little guideline from the 2005-2007 era that doesn't appear to have been significantly revised:The biggest problem I see here is that FNMA isn't going to honor whatever you write as the r...
Federico Peralta
Section 8 ( Books you guys Recomend )
Good evening everyone, Can you guys recommend any good or excellent books , so I can learn about section 8 or at least to grasp the idea how to make money with Section 8 ? Thank you!!