Kevin Lefeuvre
Bank needs to be a loss payee on the home owner policy
I am in the process of getting approved for a HELOC and the Bank wants to see a new declaration page with their name on it as a loss payee on the home owner policy. I have never seen this in my previous loans, even th...
Coralie Fernandez
Taxes for an LLC owned by foreigners
Good evening everyone !Is there anyone here who is a foreigner and has created an LLC to invest in real estate ? How much do you pay do to your taxes ? I bought a condo last year, and it was rented only 3 months. I ca...
Anne Dahl
What can I deduct from my taxes prior to putting a VR online?
Hi all,I have put my vacation house on VRBO/Airbnb and would like to know if I can deduct the work I put into it prior to renting? We purchased a bunch of PAX units to store our belongings in 2016 and installed them ...
Anthony Conte
Security Deposit and Pro-Rated Rent
hello all,Bought a MF in 2014 and now I am filling out the tax forms!On the HUD-1 settlement form, I received a credit on the purchase of the MF for the security deposits and the rent collected from the beginning of t...
David Grabiner
Converting a Condo to a Townhome? is it possible?
So here is the situation. I purchased a condo in an a development that does not have an HOA. The original developer of the Condos went bankrupt and after that point there has not been a functioning HOA. One of the own...
Jonathan Kono
What happens when buyer files for bankruptcy???
Been trying to do some research on this specific topic and I've had no luck finding any answers. If anyone has any information or incite on this i would greatly appreciate the help.What happens to the investment grou...
Steve Miller
Need advice. 20k deal. tenants live free 10 yrs
I was offered to purchase a single house for 20k. It’s worth about $160k. However the tenants are elderly, desperate and want to live rent free for ten years. Taxes are about $4k. Needs some minor improvements that I ...
Matthew Cervoni
Looking for a good book to follow "The E-Myth"
I just finished "The E-Myth" and could relate to so many examples the book gave over this last year. My bookkeeping business helping real estate investors, agents, wholesalers, and contractors (shameless plug) is grow...
Britton Cook
When CC&R's conflict with current zoning, who wins?
We (family) own a piece of land at the beginning of a housing development. At some point the county made changes to their zoning maps and they changed our property to multi family residential from single family (when ...
Yinette Roa
AUCTION PURCHASE for a potential BRRR or a flip ARV is 325-365
Looking for some advice, looking at a property that had fire damage (insurance declared a total loss) county inspector says it can be rehab up to code he mentioned that a structural engineer will be required. first ti...