Andy Pillinger
capital gains on Primary
Hello all,I am going to sell my house/primary residence in a year. After all tax deductions 15% capital gains will work out in the region of $50,000 to $60,000. I have read that you are not able to use the 1031 on pri...
Gian Piero Bandieramonte
General Parnership and Inheritance Taxes
Hi,As I understand, the inheritance tax that a foreigner has to pay to inherit a property from another foreigner is 40% from the excess in the market value of $60k of the inherited rental property located in the US.To...
Nick Causa
Quick Bookkeeping question
Received our first rent check. Feels good. I have certain amounts that i want to divy up to go towards future expenses (capex etc). We also set up a competely separate account for the house. Do we leave that excess in...
Drew Sygit
COVID Rent Funds: Reasonable Property Mgt Charges
We'd like to think we have pretty detailed property management contract. We list everything we think has about an 80% probability of happening, with any correlated extra fees if it's not covered by the management fee....
Kyle Wakeman
Ways to protect myself when making offers
Hello. I am looking to make my first offer and it is a complex situation on the seller's end (POA is selling the house) and their agent is fairly new to the business. I do have an agent helping me with the purchase a...
Scott Froehlich
New Investor - DBA, LLC, or Incorporate???
I am looking to purchase my first investment porperty and I am wondering if I should setup a DBA, an LLC, or incorporate. I am an individual investor, but will also put my wife on the deeds. I plan to make her a 50% p...
S Harper
Water bill 105,000 gallons/2 months vs history of 6,000-7,000 gal
Providing lots of detail below, but the TL:DR - water usage 15 times the usual bill. No leaks found anywhere (including running toilets) and unsure how they would go through this much water accidently. How would you s...
N/A N/A
What to do with Operating Expense Reserves
Like a lot of newbies here, I was surprised to find that operating expenses run about 50% of your rent collections. My question is, what do you do with all that money. Obviosuly you are not spending hundreds of dolla...
Scott Calafiore
Due Dilligence Money For Cary, North Carolina
I'm thinking of buying a house in Cary near my brother, not necessarily an investment, but of course I do want to get a good deal. I was planning on doing 10-20% down. Cary is very competitive. My agent suggested that...
Brian S.
Exit Strategy Ideas For Multifamily Modification
Could someone help me kick around some ideas for exit strategy development? After talking to our lender about a loan mod they've requested that we submit a package covering what's going on, how we want the loan to be ...