Scott McCadden
No Deductions Allowed to Agent Investor
As part of my regular routine of checking the "tax news", I came across a recently released tax court case, TC Summary Opinion 2018-27. Bottom line, a licensed real estate agent deducted mileage for visiting houses f...
Tom S.
1031exchange on house initially purchased to rent but now selling
I have a house that I purchased to do the BRRR method with. During the inspection period of the sale, I had a rental inspection performed on the house per my cities ordinances. I also got rental insurance on the prope...
Brad E.
Help calculating IRR including sale proceeds
Hi, this is an excel question as much is it is an investment question, but I am wondering if folks here can provide any insight on how excel is taking cash flows as inputs.I have series of cash flows in a single row. ...
Frank Z.
Advice from local agent but not using him/her as listing agent
I want to get advice from a local real estate agent who is familiar with what buyers in my area are looking for in single family properties. I am also seeking his or her advice on what would make my property more attr...
James Shen
Real Estate Tax Accountant - Key Attributes
Hi BP Community -I'm starting to build out my real estate team and currently looking for a RE Tax Accountant, however, I am not too familiar with how to distinguish what to look for in them. Are there any guides or ju...
Kyle Meyers
Building / Housing Codes
I have a couple properties and am trying to be sure they are up to code. I am not sure the right way to go about checking on this, I read through the state and city codes and I am unsure on a couple of parts of the co...
Luiz Souza
GMAC Approval letter clause
OK, here we go again!! Just received an approval letter from GMAC with a clause that reads: "THIS TRANSACTION MAY NOT INVOLVE A THIRD PARTY WHO RECEIVES A DEED PRIOR TO THIS CLOSING OR AFTER THIS CLOSING AND BEFORE R...
Ryan Heywood
1031 out of a shared investment.
A family member owns a 1.5% in a hotel that just sold for 9 M, cashing out at roughly 110k. I'm wondering if a 1031 exchange would be applicable in this situation. It is my understanding that in a 1031 exchange the pr...
Karen Margrave
Explain Moderators
Joshua Dorkin All of us see all the new moderators, maybe you could post exactly what it is the moderators do, and why.
Lumi Ispas
Can a Security Deposit Be Used For Unpaid Rent in Chicago?
Hello Chicago Landlords, I just read this today! This is great to know, as most of attorneys have always told me that the security deposit cannot be used towards the last month rent, even when the tenant did not pay h...