Logan Allec
Question for CPAs
Hi--I'm a little rusty on these rules so please help me out--let's say that you and I form a partnership. Let's assume the partnership agreement works out such that I will be allocated 90% of the partnership income, ...
Casey Murray
Seller financing with existing mortgage being paid off
If the seller has an existing mortgage balance of say $50K on a property being sold to the buyer for $400K via seller financing, what is the tax ramification to the seller if the buyer takes out a mortgage to pay off ...
Faye Fu
Looking for commercial real estate attorney near OKC
My friend is looking to buy a commercial property in midwest city, can someone refer a good attorney to review the contract? Thanks!
Dan Lopez
A newbie question about BRRRR basics
Hello, I am very new here.
And happy to start learning.
I have a basic question i have and don't understand.
For BRRRR strategy, first step is to buy.
But how do you actually find the property which is undervalued...
Irwin Velez
Dead owner / house off market and paid off
Guys I have off a house that is been abandoned, we look in the ascensor office and the owner pass away. They give us a number of the possible owner relatives, but it was wrong. They give an address we check, but no bo...
Gabriel Hidalgo
Loan options with Co-ops
I am currently about to inherit an apartment in a co-op. The apartment is currently vacant and I am looking forward to remodel the apartment. The only issue here is that I don't have the necessary funds needed to comp...
Denis Ponder
Arizona Lease Question on Terms
Good morning,I am reading through the BP Residential Lease Agreement and I have a question. The .pdf version allows me to fill in the dates of the lease but uses the phrase "on a month-to-month basis". Is that typic...
Geritt Shipley
Sound proofing a noisy basement ADU
Hello, I'm a new investor and just baught my first Duplex, which is a single family 3 bed 2 bath bungalow and a basement adu. My first tenants just moved in downstairs and I can hear almost every word they are saying ...
David Ivy
San Marcos STR Regulations
San Marcos City Council unanimously enacted new STR regulations yesterday (7/18/17). Here are excerpts from an article you can see at KXAN News:The ordinance states the property owner is only allowed to have one home-...
Greg D.
Deduct state sales tax on a flip?
I sold an investment property in 2015. Maine withheld a 2.5% non-resident tax at closing. Can this expense be deducted / added to the cost basis?