Jennifer Nesovic
Does Gift Tax Apply or Does Lifetime Exclusion Prevail ?
Hey Guys -
Does anyone have any comprehensive Information regarding gift tax ?
For example: if a parent wants to gift the post capital gains proceeds from a family cabin to 2 children ...Short of death, does the g...
David C.
Best Multifamily Books and Resources that apply in 2021
Hey everyone,
I have read several multifamily books/resources and am still looking for more to read. In my experience, many of the books had I ordered/read were very simplistic and skeletal (not much meat and potato...
Melanie Chambers
Does the 1% rule apply to a duplex 🥴?
Hey guys, how do you determine if you are purchasing a duplex for a solid price? Does the 1% rule apply here or is it a different calculation?-Melanie
Anthony Barbato
TIC Syndication: Does it apply for a QBI Deduction?
I have an accountant asking if our syndication is eligible for a QBI tax deduction. Under the rules around QBI, it says that a REIT and qualified PTP income is eligible for the QBI deduction.For reference, here is a l...
Account Closed
Does the 70% rule apply when buying with cash?
Does the 70% rule of thumb apply if you are buying with your own cash or get really great rates from a portfolio lender?
Thanks,
Nir
Guido Jaramillo
Impact of applying for a loan if getting married
Hi, I have a triplex under contract that will only be finished in the fall (new construction). I am buying the triplex using an LLC. I have a very good credit and will put 25% down. I am also engaged and we are pla...
Arthur Fuller II
When do I apply for a Hard Money Loan?
I have submitted 4 offers on REOs today to start my 1st flip. I'm going to need hard money for this. When do I apply for HML? right now? After I get an offer accepted? Right now I have a ballpark on the rehab - do I a...
Arthur Fuller II
when should I apply for a hard money loan
I have submitted 4 offers on REOs today to start my 1st flip. I'm going to need hard money for this. When do I apply for HML? right now? After I get an offer accepted? Right now I have a ballpark on the rehab - do I a...
Mel K.
How to turn down an applicant before they apply?
Hi Everyone!I'm looking for some advise on how to approach a particular situation please. We are trying to rent a recently vacated unit. There is a couple that passed the initial phone screening and thus led to a pro...
James Peters
J Scott estimates don't apply to painters in California?
I am in the midst of a remodel for a property in Long Beach, CA. It is a SFH, one story, 1480 sq ft., 3bd, 2 ba, with a detached garage. Working with a GC for most of the work on the bathrooms, kitchen, and replacin...