Justin Burch
Realtor Tenant Finders Fee Write Off?
I bought a house recently as a rental property. I used the realtor to find a tenant in order to fill quickly. The agreement was 84% of the 1st month rent was to go to the agent ($1600 month/rent, $1344 to realtor). Th...
Andrey Y.
Cash out refi, simply for interest tax writeoff
Hope everyone is having an awesome Tuesday!Would you guys do a cash out refi on a property purchased with cash, simply for the purpose of writing off mortgage interest? I believe you can write of interest up to a max ...
Nathan Gesner
Another Terrible Squatter Story - Will Texas Get On Board?
Quote from the article: "Texas cases don’t necessarily have a good and distinct and succinct definition of ‘squatter,’” said Adams. “They kind of tend to use the term on the assumption that everybody already knew what...
Tory Sheffer
Cost Segregation Study for Taxes
We just completed taxes for 2020 and with cost segregation study for one property we were able to write off $640k in depreciation for 2020. We paid $1.97M for this property and closed in 4th Qtr 2020. With our structu...
Mark Eichlin
Do I have to use the ASR (Standard Agreement for the Sale of Real Estate) from the Pennsylvania Assoc. of Realtors.
I am a new RE investor and my Realtor is telling me that I have to use the ASR (Standard Agreement for the Sale of Real Estate) from the Pennsylvania Assoc. of Realtors.
Is this a requirement in PA, or simpl...
Claudia Burchstead
Newbie intro and ? on discounted notes for self directed IRA/401k
Newbie in Lancaster PA. Finally introducing myself after stalking the forums and binge listening to the Podcasts the past few weeks. No interest in leaving my current career but working on subsidizing our retirement...
Hampton Edwards
Self Directed IRA (after age 60)
I've seen a lot of info about the self-directed IRA for investors that are under 60, but I haven't found anything (yet) for those of us 60 and over. Is that still the best vehicle to move my 401k into, if I want to in...
Lucas Pfaff
How do YOU get paid?!?! - From your LLC/Entity
I'm a bit stuck in trying to determine the best way for an investor to get compensated for their efforts in an LLC. I am part of a 2 member LLC in Philadelphia, PA. Originally, both members were operating under an und...
Brian Gerace
Pay down Mortgage on Rental
I have a rental with significant equity. Have idle funds that I am debating using to pay off the mortgage on the rental property. Any thoughts on the pros and cons. Property cash flows as is.
Robyn Salawitch
LOOKING FOR CLAUSE TO USE WHERE I AM MADE A BILL BY TENANT'S BANK
I am looking to write a clause in my leases where the tenant shall make me a bill to be paid by their bank so I automatically get the rent every month. Does anyone have a sample of one they use in their leases?Robyn