Julio Gonzalez
Cost Segregation - what to consider when looking for a firm?
A cost segregation study is a great way to reduce your taxes, but remember, not every cost segregation study is the same.When considering different cost segregation firms do your Circular 230 Due Diligence and ask:- D...
Kwok Wong
How to submit a respectful lowball offer?
Aloha, In a market where the sale-to-list price is 97.9%, homes sold above list price is 18.7%, and homes with price drops is 51.4%, I’m exploring how to respectfully submit an offer with a 30% to 50% discount on the ...
Peyton LaBarbera
Portfolio Loan Questions
I have been looking into portfolio loans and I have a few questions that need clarifying
First off when you get a portfolio loan can you add additional properties after creating the original loan as in the future I a...
Cynthia Oistad
Should we reduce rent if tenants sign extended lease?
Our Anchorage-based single family home tenants' lease is up in May 2020. They have indicated they are going to save up for a down payment on a new house and would like to rent two more years. Yay! They have asked i...
Brett Synicky
How to report 1099C from loan mod on rental
Hey BP CPA's,I'm a DIYer when it comes to taxes (please don't yell at me) and until now my taxes have been fairly straightforward. In 2014 I was able to get a loan modification on a rental and of course I got 1099'd ...
Mikhail Petrenko
Property tax reduction after foreclosure
Hi everyone!I bought a foreclosure property once. The assessed value was 200 000 and I bought it for 600k. A county assessor increased the value to 600k.Here is my question.Let`s say I am buying a property with an ass...
Kyle Vansice
Project Performance (Profit Margin) - Acquisition through Permit
Hello,Curious if anyone is tracking the difference in their proforma profit margin at deal/site acquisition through permitting? Do you tend to see a reduction in your projected profit due to delays in permitting, addi...
Brandon Sturgill
Tracking Market Indicators
Does anyone have a succinct method (or advice) for tracking relevant RE market information. I seem to be finding myself looking at multiple sources for relevant pieces of infomation. (housing starts, economic data, mo...
Sequoia Pedersen
Is a HELOC considered Capital Invested?
When you run your numbers for calculating CoC ROI, do you consider money used from the HELOC as cash invested if you drew from a HELOC for a down payment? i.e. If I purchase a 500K house, and I draw 100K from a HELOC ...
Linda Govan
Deal Structuring for a Mix Use building
Hello BP,I am looking at a deal in Illinois where it's an owner that has 3 commercial building with residential up top and commercial storefronts at the bottom of these buildings. I really would not be interested in ...