David Malaguti
Who pays the deductible on a master insurance claim?
A little background, I own and live in a unit in a 4 unit condo. About 6 years ago, I became the treasurer of the condo association, mostly because nobody else wanted to do it. The previous treasurer knew almost not...
Jim S.
Deducting expenses from failed purchase
I recently had a deal fall through as a result of major inspection issues. I had already requested an appraisal + loan application fee + was using an attorney so overall I'll be ~$2k in the hole.I'm fine with that, be...
John Gonzalez
Looking for a real-estate informed CPA or Tax expert to avoid or offset W2 income?
Hi, thank you for reading this,I have a low performing STR, on which I have incurred losses in 2023. From this Dennis Karlton video: https://www.youtube.com/watch?v=yfz6kyw3W7k&t=692s; I've taken away that:1. Loss...
Anthony Barbato
How do I accept 1031 money into my syndication then refi later?
Hello,How do I accept 1031 exchange money into my syndication and have the flexibility to refinance in 6 months?We are putting together a syndication on a $15.8M portfolio of assisted living facilities in Northern Cal...
Spencer Gray
Using Crypto Currency in MF Syndications
This post is not intended to spur debate on whether bitcoin, etc will change the world or is just internet funny money that will go away in a few years.I'm curious to know if there are any syndicators who have accepte...
Jozef Forgac
Do I need to list prior to ask for short sale?
I'm buying SFR in pre foreclosure and asking the lender(s) for short sale.The owner selling as FSBO to me. Lender on 1st.(Chase) wants the owner list the property with RE Agent even the owner has an offer on it from ...
Alex Dem
Multiple offers contingencies
Hello everyone!Seeking some advice from the PRO's! How do you submit multiple offers at the same time and have a legitimate option to step back if need be?What kind of contingencies will not be too intimidating for a ...
Sue Benzuly
3 questions regarding med. term rental
Hi, First time with a medium term rental.My property is currently rented through 2/15. I have a request through furnished finder for 4/1-6/30. Which is awesome!Here are my questions - I can legally only do 30 day mi...
Eric M.
How to sabotage a short sale?
I have my eye on a house I want for myself. It is a SS in foreclosure but I am being frozen out of the deal by the listing agent trying to sell very low to her friend.
I am willing to pay more but she won't accept m...
Joshua Dorkin
Hardship Letters
For the short sales guys around, I was wondering if you'd be willing to share some examples of the best hardship letters that you've seen, or those that have proven to be effective.
I know a lot of people are interes...