Charlotte Dunford
Syndicator's acquisition fee tax deductions
Can you deduct operating expenses from acquisition fee received? Let's say you received $30,000 in acquisition fees, the first year operating expenses of the property is $45,000. Can you deduct all of that? Or do you ...
Joseph Hammel
Funding a solo 401k from rental income.
Can I "pay myself" to manage my rentals 20.5 k on a sched C and write off the fee. I would pay the same income tax and add fica on the sched C. Goal is to fund a roth solo 401.
Belinda D.
Receiving a finder's fee from an agent
I would like to provide leads to an agent and be paid for it.
In Ontario Canada I know that an agent cannot pay an unlicensed person a commission/referral fee. If it is called by another name i.e. finder's fe...
Joddie Mcclain
100% Commission Agent Beware
I've been approached by agents who have suggested working for certain companies that give you 100% commission and no desk fees. They are legitimate brokerages; however, is this something that I should be leery about??...
Lala Mala
Wholesale assignment fee more than 20K
Hi BiggerPockets community,If my assignment is more than 20K I should be double closing right? I know double closing also eats up the fees. Are there any other ways to do assignment if is higher?
Jef A.
Atlanta Property Management Advice
I own a property in Austell, GA that i am looking for a property manager for and wanted some advice on finding the right property management company. What requirements should i require versus what should i be flexible...
Dannie Barlow
How do you do your late fees?
I have a rental house and the rent is due on the 5th of the month. I give a 5 day grace period after the 5th. Say that they pay on the 13 of the month. Do you charge your daily rate for them being late or do you let i...
Cory Lader
Out of state investing in Philadelphia
Good Evening BP. I am looking to invest in Philadelphia but I currently reside in NJ. I am struggling to wrap my head around the disadvantages of registering as a foreign LLC as I have been unable to find some decent ...
Account Closed
Forming an LLC out of state, living in California
Hi all,
Firstly, I would like to ask if anyone has a good real estate attorney reference in California?
Second, can someone help me understand costs around forming an LLC out of state while I live in California. I k...
Michael Guerra
Feeling a bit discouraged
Hello all new to the forum and also a new agent, well not yet an agent but i passed my test. So here is why i am a bit discouraged. I signed up for my real estate pre license class, didn't miss a minute studied lik...