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I'm selling an investment property for $915,000, commission is $35,000. My original purchase price was $550,000, and I've depreciated about $50,000. I financed it 100%, and have been paying interest only, so I still o...
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Investment Info:
Small multi-family (2-4 units) buy & hold investment.
Purchase price: $185,000
Cash invested: $50,659
Two unit, three bedrooms each, great neighborhood on dead end street. This w...
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If a property owned free and clear is sold at an HOA foreclosure auction, which law (SB1079 or Cal. Civ. Code 5715) applies?
For SB1079, a prospective owner-occupant can bid on the property post-sale and win the auct...
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Who decides what the foreclosure starting bid is?
How can you be ahead of the competition and have accurate information/numbers prior the sale date?
Anyone here buying at the courthouse steps? if so please share you...
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Quick question:Does anyone know what the laws in MA are regarding doing your own work on fix and flips, and when its mandated to have a licensed contractor? My father has been on the carpentry trade for almost 20 year...
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Hey guys, Take everything with a grain of salt as the finalized regs were JUTS released today. Thoughts: 1. The IRS issued a safe harbor of 250 hours to offer some clarification. Meaning spend 250 hours on rentals(s) ...
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Hi All,I'm about to do a bathroom and kitchen gut job and wanted to hire out subcontractors since I have some time on my hands to call them directly.. since there is no special quirk about my project I don't believ...
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Does PM have to hire licensed vendors to take care of my property? I signed a contract with a reputable firm stating that any repairs under $250 PM need not consult me. Later I found out PM hired an unlicensed landsca...
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Hello, I want to know if anyone has templates for general and sub-contractor contracts or information on how to structure the contracts for maximum benefit, safeguards, schedules, etc. Any information would be helpful.
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Looking for some creative advice that hopefully minimizes the tax bite.My business partner and I own two houses free and clear in our LLC. We each hold a 50% interest in the LLC.The values of each house are approximat...