Mario Lopez
General tax deductions for S Corp
I've setup an S Corp for my business and am wondering you can help me identify what tax deductions I should assume at the employer/corporate level? FICA, State Income Tax. Is there anything else that I should account ...
David Cohen
What are the pros and cons of doing a renovation mortgage?
I am interested in doing a fix and hold on a property, but I was told I'd have to get a renovation mortgage. It seems simple enough, but I've never done one before. What is the up- and downside?
Thomas Bass
Buying a commercial property with multiple tenants.
I am looking at buying a large commercial property 20k sqft building with 2 retail spots attached and a studio apartment attached as well. My question is for taxes and insurance. If I buy the property and rent out eac...
Gina Schulz
How do you estimate commercial insurance rate for a property?
I'm putting together a proposal for a potential buyer of an investment property. I'd like to include an estimated insurance rate so the numbers I present are at least close to what reality would be. Insurance broker...
David Maldonado
CA SB 1210 (Cap on utility hook ups for new construction
Has anyone heard of CA SB 1210 or SB1212? It has been recently introduced and is supposed to put a cap on the cost to install utility hook ups for new construction and ban hedge funds and corporate entities from buyin...
Jasmine Chen
Is there legal way I can give some money to the shortsale seller?
A homeowner wants some money if he decides to sell his house to me. I know it is illegal to pay him. But I also heard of using a bill of sale method? Can you please advise how it is done legally? Thanks.
Vidal Gonzales
Becoming an Agent
Hi Everyone,
I was thinking of getting working towards getting my real estate license here in California. I wanted to get your opinion on if it getting the license is worth it . I know there are pros and cons. If I g...
Corbett Brasington
How to prequalify clear title from off market motivated seller?
What is the best way to prequalify that a property is clear and can actually close, assuming its a good deal? I have prop stream and have can use their service to pull warranty deeds.
The assumption is I am dealin...
John Lee
Deducting utilities that are under the tenant's name?
I pay for internet, gas and electricity each month but the bills are under the tenant's name. He reimburses me for them but I'm the one making the payments. I'm adding his reimbursements as income but can I deduct the...
Michael Voltner
First Time Private Lending....Good Idea??
Hello, I have a 3 acre lot in a very well upcomming and popular area in Fenton Michigan. I want to build a home and then sell it when completed. I have been building homes for 20 years and have my Michigan Residential...