Julio Gonzalez
New IRS Guidelines for 179D Deductions!
The IRS released new guidelines and best practices for their internal review/audit process of 179D tax deduction claims. If you have claimed this deduction or plan to in the future, ensure that your CPA or tax special...
Cyndi Blalock
What would you do? GC problem, worth trying to solve?
Long story short: we are new to the game and the GC ran off with about $22k. What would you do? Take it as an expensive lesson? File a lawsuit? The contractor had us writing checks to his name and not his LLC name.
Esteban Villarreal
Arizona buy rights of Claims
In Arizona, What documents must I complete if someone is selling me their rights to file a claim as my own, but this claim must be file with the Unclaimed Property Unit in the State of Arizona, is for an Unclaimed Pro...
Thomas Pierce
Turn key
I have come across some turnkey rentals in buffalo and western new york. I am from NYC and am a good 9 hours away. these companies claim to have fully turnkey rentals in a stable market. i am in the beginning stages o...
Johny Omaga
4th BRRRR, KANSAS MO
Our first probate deal.Background:We found a very motivated seller who inherited this home and saw it as a burden. We offered cash at a huge discount and they accepted. However, we had no idea their probate claim woul...
Fred Stevenson
to file a claim or not file a claim
I have a property in which the tenant had a "cooking accident" that sent flames up to the ceiling, and burnt a whole into the bedroom above. The work order from my property manager is for $6120.00, and my deductible ...
Angela Mehri
Need advise should I get a lawyer on contractor threat
Hello BP, I hired a contractor for tile & tub installation in my 2 bathrooms. It was part of a water damage claim so the insurance company is involved. The initial proposal I got from the contractor was $7000 doll...
Petit Morne
Refinance and put LLC on title?
Hi,
Is it possible to refi from 30yr to 15yr and add the LLC to the title only (but keep mortgage under my name only)?
So, we have now:
Title: Me only
Mortgage: Me only
going to:
Title: LLC only
Mortgage: me only
...
Guy Yoes
counting hours to claim real estate professional status
I am fully retired and have a small pension. I own 7 doors all of which are about 30-40 miles from my house. I am managing the properties myself and spend a good amount of time overseeing them (maintenance, cleaning, ...
N Modi
LLC Conversion?
I recently completed purchase of my second property this year.
1st purchase was Single Family house. Purchased with cash and added Home Equity loan to purchase second property (condo).
Is it possible to transfer th...