Lane Mcdonald
Necessary to have someone else do the accounting?
I'm just starting out, about to close on my first deal. Wondering if it's necessary to have a professional to the accounting work as to not mess it up for tax reasons. Or is it manageable by the owner and not worth it...
Paul W.
Any tax implications for cash out refinance?
Are there any tax implications when you cash out refi on a rental? If your lender allows a 80% LTV, you just get a check after closing and no worries ?
I'm curious if people do cash out re fi to their max LTV and the...
Nathan Gesner
Chicago offers 15 months of rent
https://www.nbcchicago.com/new...It's incredible how generous our government can be with our money. How many people lost their income for 12 months? After accounting for stimulus checks and increased unemployment bene...
Kenneth Dahle
Partial 1031 Exchange - Taxes on the Boot
I have been looking but can't seem to find a definitive answer on this question of the tax consequences on a partial 1031 exchange.I sold a rental property in Colorado for $397,000 and purchased (thru 1031) a rental p...
Nicholas LaGatta
Atlanta Mayor to Halt Evictions - What does this mean?
Keisha Lance Bottoms posted this on Facebook, but I'm not clear exactly what it means and what the implications are. Does this only apply to the "partners" listed in the first paragraph? Are there broader implicatio...
Terry Royce
Illegal Apartments
Many apartment buildings that I have looked at will often have 2 legally zoned units, and then 1 "illegal" unit.
How do these owners get around having the extra unit, and what are potential consequences etc.
Account Closed
What is your opinion of this situation, and how has it, affected your business? Yield premiums for US Distressed Debt has reached 25%?
"yield premiums for U.S. distressed debt hit a five-year high"
The credit cycle is called a "cycle" because, unlike the business cycle (which the Fed has convinced investors no longer exists), it...
Tim Hoffman
Taxability of Cares Act Grants
I posted this for a CPA originally but thought I would open up to the rest of the BP family.
My background; I have been a landlord/investor in Illinois for about 21 years. I currently have 2 LLC's the oldest of whic...
Jielu Zhao
Looking for a CPA in Cincinnati OH area
Hi BiggerPockets community,
Could someone please recommend a good CPA in Cincinnati OH area that is familiar with real estate business?
Thank you very much!
Jay
Marquell Pinkney
Doing Section 8 Housing in Baltimore
Hi All,We're investors in the DC Area but we'd like to start buying rental properties in Baltimore and rent them out to Section 8 tenants. Can someone tell us about their experience doing this? What were the pros/co...