Shannon Holman
How do you structure your exit strategy in a partnership?
I'm entering into a real estate partnership with someone I've known very well for a long time. We've worked together closely on separate deals (advising and assisting on our individual properties) so we each know how...
Precious Thompson
Giving two months notice to not renew lease
I was unaware that my lease was automatically renewed unless i give a two months written notice or i have to pay $1,200 if not. Should i just take that 1,200 as a loss or is their a way i can leave without paying an a...
Gary Bull
Foreclosure property analysis
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April Peterson
How would I do my taxes
My husband was accepted into graduate school in another town here in Idaho and our house didn't sell before we had to move. We were able to get our house under contract with the contingency that the buyer's house wou...
Nicholas Alexander
Best Lenders for REI (NC and GA)
Does anyone have recommendations for local lenders in NC and GA that regularly work with REI (residential and small commercial)?I would much prefer to not work with the big banks and in my experience sometimes local l...
Andrew Zavage
BRRR Project, Western PA
Investment Info:
Single-family residence fix & flip investment.
Purchase price: $80,000
Cash invested: $72,900
We have less than 2 weeks left in our fix and hold project in Pittsburgh, PA. The s...
Robert Burns
Prohibited Transactions in Self Directed IRA's
I need some input on self directed IRA's. If I bought a mobile home or other property with the IRA and collected the lease payments from a lease purchase agreement and paid the federal and state taxes would that cons...
Ryan Pearson
Buying Investment Properties while refinancing primary residence?
I just refinanced my primary residence and it took over 6 months to close on the refinance. I was told by the lender not to make any major purchases, or take on any additional debt, until the refinance closed. I just...
Joshua Zapin
Property Management Indemnification Standards
I am reviewing a property management agreement and came across this clause RE: Indemnification that seems too broad:INDEMNIFICATION:(a) The Owner shall indemnify, defend and save Agent harmless from all suits and/...
Nick Drury
Selling “Basis” portion of property to a partner
When selling a portion of a property to a partner, is it possible to sell the “basis” value portion of my property and not the “capital gain” portion such that I don’t incur capital gains taxes upon sale? When selling...