Chris Martin
Rental revenue recognition at end of year...
This IRS topic defines rental income in this way: "Generally, cash or the fair market value of property you receive for the use of real estate or personal property is taxable to you as rental income." The question is ...
Melanie Noblin
Payment logistics and the "Time Gap"
So you've got your toes dipped in your first rental investment property. You've taken the advice of making sure you have some cash reserves to pad yourself.
1. Renter pays by the 1st. Your mortgage payment is DUE on ...
Aaron Mikottis
Fair way to structure split ownership on a no-money deal?
Hi BP. Tomorrow I am closing on my second no money deal! This was one of those "I found a good deal, now I need to find money" deals, proving the old adage right that if the property is good, the finances will follow,...
Scott Roelofs
Cannabis Industry and Cost Segregation
We always think of cost segregation studies for multifamily, office and retail but now the cannabis Industry is taking advantage.
Who do you think gets the biggest benefit from cost segregation?https://www.bizjournal...
Roberto Hernandez
Eviction process, do I need to use a lawyer?
I have a tenant that is constantly late with rent and he is behind again. What is the process to start an eviction?I have read people getting a lawyers, others going to small court claims and others just going to the ...
Heyward Lovett
1031 exchange and residency
I recently completed an exchange and would like to know if I'd be ok legally if I lived in the property. The property was purchased in my personal name and later transferred to an LLC.
Donn Montenegro
1031 exchange math when pulling money out
Thinking about the 1031 exchange math.So let's say we had a property held over a year. Bought for 100k. Selling for 500k. And the year before selling 100k of cash in capital improvements where made. (Would have sold ...
Raza Rizvi
Opportunity Zone/Fund Tax Deferral
Hello,
I sold a property back in August 2019. I made about $150K that I would need to pay capital gains tax on. I plan to invest the proceeds in an Opportunity Zone (personally) to defer my taxes.
I am getting con...
Scott Everhart
Entity Structuring with S Corp and multiple LLCs
I was thinking I need to evolve my entity structure approach with my real estate business. My wife and I have an S Corp that holds our properties today. We have properties in IL and TN. I'm thinking I need to add some...
Alex Iverson
How to accelerate your Refi
So we just closed all cash on a 6-plex in Las Vegas. Its our first true adventure. Long story short the capital firm we were working with strung us along saying they were going to come through with financing and then ...