Arthur Banks
Renters Insurance
I've read some posts on suggesting renters get insurance, but does anyone REQUIRE insurance if the tenant has a charcoal grill on a balcony?
Joseph Martin
Cost Segregation for SFRs and rentals
Does anyone do cost segregation for SFRs and rental properties? I’m trying to learn how to do this, especially since I’m in the 37% tax bracket. Any advice and direction is greatly appreciated! Thanks!
Lewa O.
S Corp Loss Reporting impacting Personal Mortage Qualification
Hi,
Looking to get some insights from the experts.
As a REI, we do our real estate transactions under an LLC (S Corp) that focuses mostly on new constructions funded via private lending.
Now an average time for us...
Monil Shah
Setting up partnership and LLC
I am partnering with a contractor buddy to fix and flip, how should we distribute the partnership?Contractor buddy would be spending time fixing up the house in many cases himself instead of using a crew, how do you a...
Lewa O.
S Corp Loss Reporting impacting Personal Mortage Qualification
Hi,Looking to get some insights from the experts.As a REI, we do our real estate transactions under an LLC (S Corp) that focuses mostly on new constructions funded via private lending.Now an average time for us from l...
Andrew S.
Establishing fair market value for tax purposes
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...
Robert Fabian
Sticking point in our Operating Agreement
My LLC is registered with the state, the finances are set and we are looking for our first property. We must first however get our Operating Agreement set. We have actually agreed on everything thus far. There is o...
Mackal Smith
First 8 unit and Insurance is really hurting cash flow
I posted this in the multi-family discussion topic then found this forum. Oh, and btw, the apartment building I'm talking about here is in St Louis MO. Apologies for duplicating...Hey all,Up to now I have only bought ...
Jim Bowser
Can you do a short sale in a redemption period?
I had always thought you had until the end of the redemption period in redemption states if no one buys at the auction. I had a short sale pending with Shellpoint and they wouldn't postpone the auction, it was held a...
Wes Burk
Why should a seller short sale?
Facts as per CAR attorneys:
1. FICO impacts are the same on SS and foreclosures
2. Banks will seldom if ever relinquish their right to recover on deficiencies
3. There will likely be tax consequences with SS and th...