Sashaw Balgobin
Question about taxes and NJ condo
I usually do my moms taxes through turbo tax each year which is a simple w-2. Last year my mom bought a condo in North Jersey. She brought up something about her getting some kind of credits for first year. Does anyon...
Brandon Trafford
Standard CAP rate? Do they differ between types of investments?
Hey BP,I'm currently browsing commercial buy and hold properties, and I've noticed a large variance in the properties CAP rates. What would you guys recommend for a standard cap rate? Does the cap rate tend to differ ...
Carl Gryska
Private Lending Terms
How does one go about being a private money lender?Is there a standard contract available?What are the standard interest rates?Does one charge points?How long is a private money loan typically offered for?What is the ...
Michael Plaks
Tax reform Q&A Thread 3 - Itemized and business deductions
Colleagues and friends,The original GOP reform thread started by @Brandon Hall is well over 200 posts by now. This is one of the follow-up threads specifically for discussion of personal itemized (Schedule A) deductio...
Daniel Guerra
BRRRR Strategy Question (Rehabbing for Renters or an Appraisal)
Should you rehab a property to be tenant proof (lower quality materials) ORRehab a property for the highest possible appraisal (higher quality materials)?I'm guessing the answer is somewhat in between. Thanks!
Aus Smith
Property Management - Contract and Fee Structure
Hey All, I am a CPA who works directly with Property Managers. I have worked full time as an accountant for a property manager for the last six months. I am looking for information for contracts between owners and pro...
John S.
Selling the property to other party while the option is in effect
Is it customary to include in the Option to Purchase agreement a clause stating that the owner agrees NOT to attempt to sell the property to any other party while the option is in effect?
Nolan Mahoney
RE attorney to review my Lease
Hello, I am looking for any good recomendations on a RE attorney to review my lease and make any tweaks that need to be done. I am going to be in the north west suburbs of chicago like, Elgin, Saint Charles, Aurora an...
Account Closed
Do we really get tax benefit for rental property?
Lets assume a Scenario: A new investor who invests $150K on a first rental property. No other retal or home mortgages.
IRS: US govt already allows a "Standard Deduction" of S24,400 (Married joint filing). The other o...
Kevin Prigge
I'm not sure that all publicity is good publicity...
Front page of the local paper website this morning: Marshall mobile home residents demand improvements.