Has anyone ever seen this? I'm getting bids for a project now and there is no management fee. The other ones I am getting have contractor fees of $20-30k. Is it that he has low overhead? Thanks! Amanda
Hey Everyone! I've been working through Brandon Hall's guide to the treatment of closing costs (link) while finishing up a refinance, and I think I have everything figured out except when he says that some costs are "...
Hi, I listed a new property purchased and got contacted by a relocation company about renting for 3-4 months and then continue it on a monthly basis. It’s a pretty big relocation company who works with insurance compa...
I own a LLC(100% sole owner). LLC has been registered for real estate renting. This LLC owns a commercial property which is having a net income of $1000/mo today. Can I buy a new home in this LLC(bank willing to provi...
If I were to buy a property on a rent to own, what expenses could I omit when figuring out what I could pay a month. I'm figuring I would not have to pay taxes, insurance, and capital expenditures. So instead of fig...
What is the general consensus? I have a property with a very low initial basis compared to what it will sell for. If I sell, I feel the best situation is a 10-31 exchange. During my initial cursory views of '...
I get the concept (number of days, etc), but how was the operational aspect?- Were you audited which seems very likely with 1031s?- Is there a huge delay in filing taxes since the 1031 admin has to liaise with your ac...
This is my first time investing in a syndication and I received a K-1. Box 19A had 'distributions' and there was a capital loss as well in box 1. My understanding is that I shouldn't pay any taxes on the distributio...
Hi there, I'm fixing to sell my single family rental soon. I bought it with an FHA loan, lived in it one year and rented it there next year. I know if you own the house at least 2 years and sell it you don't have to p...
Looking to do a cash out refinance on my paid off primary residence. A 30 year home equity loan is cheaper and better interest rate, are the interest tax write off’s the same as a traditional 30 year mortgage?Thank yo...