Martin Pulrang
Tax implications of a joint Letters of Administration
I am hopeful this community can help me. I am listed as personal representative, with my father, on a Letters of Administration (LA) as a result of the death of my uncle. My lawyer said we could execute a deed of dist...
Diana Medina
Coop to SFH, Implications Conventional vs Investment Loan
I’m purchasing a short sale as my primary home, but that can take an indefinite amount of time to close. In the meantime, I’m purchasing a coop, but don’t know if it should be purchased with a conventional loan or inv...
Stevo Sun
Canadian/US dual citizenship - implication for real estate
Hi everyone,
My wife is a dual citizen US/Canada. We live in Canada, and she does not hold any investment property because we heard some horror stories about dealing with US taxation. I wondered if there were any tax...
Patrick Brooks
Seller Financing and Tax implications for seller carrying
Hi All,I'm a new Pro member and excited about using this platform more and more. I've been in Real Estate for almost 8 years now and it may be bad that I don't know this but; when a seller carries a loan, what taxes d...
Josh Wilkerson
Tax Implications for a 1099 Flip Project Manager
I am in the process of flipping a house with my brother where he is acting as the project manager for the flip. I intend to pay him a % of the profits when we sell but I am unsure on how I should treat the tax liabili...
Jacob Jenkot
Implications of development on rentals and house values
Good morning,I own an owner occupied duplex a block from Denver, in Aurora, CO. Two blocks from me are a few lots where they plan on building 51 single family, attached homes. The area I am in is lower income but in t...
Scott Spanier
RealPage acquisition of Knock CRM - Yardi/AppFolio Implications
With the acquisition of Knock last week, RealPage has internalized their CRM services for their PMS but how will this affect Knock users that have AppFolio, Yardi and other PMS softwares as their main system?
Will co...
Mark Abele
Logistics and Tax Implications of Lending from Family
Some family has shown interest in financing my next deal. They even are willing to give me the money upfront to make the purchase in cash. Are there any tax implications for someone writing a check to someone else lik...
Kyle A.
Attn Accountants! 50/50 "Handshake Agreement" Tax Implications
My best friend and I have a 50/50 stake in a rental property. He has a family and kids and did not have the free time to invest in real estate so he asked me to invest with him knowing that I have the time and experti...
Jason Dukhi
Tax Implications on Out of Pocket Insurance Claims
I own an investment property in Florida. Hurricane Irma had damaged the roof and through the advice of my property managers we did some patchwork repairs in 2017. Unfortunately, while the house was being listed for ...