Tyler Frost
Tips on Dodging Uncle Sam
I just recently bought my first flip house. All in after closing cost I'm at $75,000. I'll have $20,000 in rehab and the ARV is about $130,000. Based on expressed interest I don't think I'll have any problems getting ...
Lauren Kessler
Property Taxes Doubled
Our property taxes have doubled since last year, after making the property a rental (it used to be our primary residence). When we appealed, the Revenue Commission’s response was “Our records show the property at ____...
Aviv Peretz
S corp as a general contractor & LLC as investor
Hello , I'm a general contractor in Los Angeles (S corp) and also own 3 properties in an investments company (LLC). My S corp make much more $ than the LLC. What I need to do in order to buy properties from the S corp...
Chris Coughlan
Commission Rebates
Hello,
I'm assisting my clients (friends) purchase their first home. I would like to give them a portion of my commission to help them out. I know I will need to contact my attorney and accountant but was wo...
Elizabeth O.
mistake cost me $1,000; 2% concession
After just searching the forums I know that the 2% concession has been discussed and I now wish I had read those posts but I wanted to give a heads up again so someone doesnt go through what I just went through.This ...
Ellie Perlman
Fighting COVID-19’s Impact on Multifamily Properties
I’d like to share with you what we’re doing with our properties to mitigate COVID-19’s impact on our properties, with the hope that you can use some of these ideas and strategies on your own properties. If you have ad...
Antoine Ferguson
How homestead exemption works?
How does homestead exemptions work? From what I gather only your primary residents can qualify but I'm not sure on how or why to apply or if I even qualif... I'm new to real estate btw 👌
Juaneka Brim
Advice Please! First Multifamily purchase
I have decided to go for my first multifamily purchase. Considering 2-4 units. I had started this process back in March, but put it on pause. I have now decided to move forward. My questions have to do with funding it...
Mike Harvey
Accounting - Seller contributions
I am updating my records in Quickbooks for my latest rental property. There are a couple items I'm not sure how to account for. Can anyone offer any advice?
- Seller paid closing costs(I got them to contri...
Krista Roodzant
How to factor in the depreciation and losses into your ROI
Maybe this has been posted before, but I'm not finding it. After speaking with our accountant, it seems like we need to be accumulating a portfolio to help offset the W-2 earnings. How do you calculate the depreciati...