Gaurav Bahal
Tax deduction on due diligence
Hi,I am starting out as out of state REI and am realizing that there is a lot of money that gets spent in doing due diligence on a out of state property. For. example airfare, lodging, property inspection, appraisal e...
Raji Kaur
Land Contracts - worth Investing In?
There's a land contract opportunity on Craigslist. First, you guys think CL is a good source for leads or do you usually find too many hidden issues dealing with those leads?
Second, about this land contract ...
Ed Ricketts
Non recourse Loan
My solo 401(k) trust owns 93% undivided interest in a home (free and clear). My wife owns 7% in her own name. Can I use cash accumulated in the solo 401(k) to buy her out so that I may get a non recourse loan on the h...
Jack B.
Travel expenses to look at real estate for purchase?
I'm planing a trip to Florida to look at some rental property prospects to add to my portfolio that is currently entirely concentrated in Seattle. Since I don't own any rentals in Florida but am going there to look at...
Uwe K.
Home office and mileage deduction/transportation expeses
I was reading about and researching this over and over again, books, IRS pubs, here, elsewhere. I cannot get a conclusive answer even in forums with seasoned CPAs debating this topic.
That much is clear:
- If you hav...
Harry Campbell
Almost done with my Rental Prop Taxes
Thanks to this forum I found NOLO's Landlord deduction guide and it has been a god send. It's answered pretty much every question I had and the examples are super helpful too. Great recommendation.
Anyways,...
Sherry Byrne
Need feedback on odor removal w ozone machine
Hello! I would like some feedback from anyone out there concerning use of Ozone generators to remove smells, etc.
I have some flips with awful pet smells that have not been removed w Clorox. What is your experience w ...
Thomas Watson
Deed in lieu
If I own a 1st position note on a house that is vacant and the borrower is on board to do a deed in lieu, do I have to still do a foreclosure to get rid of any junior liens? Does it ever make sense to do both a deed ...
Account Closed
doubling offer price without effecting CF?
Anybody ever try this?
Suppose you got a guy selling a house asking 50k. If you put down 10k and get a 40k loan, your payment will be 250 a month.
If you were to offer 100k...
Pat Sheldon
ROBS
ROBS: Rollovers as a Business Setup
Have any of you used this method to tap into 401ks/IRA's to fund a commercial venture?
Would love to hear your thoughts, THNX