Inderpal Chadha
Short sale deal
Hello
I am considering a short sale property (SFH) in the Magnolia area of Seattle (very desired location). The property is valued at $800,000 and is available at $680,000. It does not require more than $5000...
Daniel Dietz
COVID-19 EIDL "Non-Recourse" Loans for SDIRAs & SOLO401Ks?
Looking to see what you experts out there think of the 'legality' of the following. I have been working on the CARES Act paperwork to help my 'day abusiveness' to keep things afloat with both the PPP Program and the E...
Sabrina Savinski
Property purchased but not rented in 2016
I bought my first property in November of 2016 but did not have any income in 2016. Can I still claim my expenses? Trying to use H&R Block software but it will not let me enter 0 days rented in the interface so I ...
Kyle Pettit
The role of a LMO in lease options
Recently I had some questions/confusion as to the role a licensed mortgage originator played in lease options. I want to make sure I give a big Thank You to Bill Gulley . Thanks for setting me straight on tha...
Felicia Dooley
what is a BPO
Hi, I'm trying to flip a property it's my first flip in a good area, and the lender wants paperwork of a "Broker Price Opinion"? What is it exactly? And what is different from an appraiser than a BPO?
Scot Leavitt
capital gains and opportunity zone investments
I am in the process of selling my C corporation. As it stands I would be tax at the corporate level 21% then the proceeds will flow to me as capital gains. I would then be taxed another 20% totaling 40%. Is it possibl...
Ross Trampler
1031 exchange in Austin, TX
Hey all. My partner and I have a single family property under contract in Austin, TX. Our plan is to rehab and flip, then roll the profits into a 1031 to use on the next property and avoid capital gains tax for now. I...
Jack Chamberlain
Oklahoma CPA?
I'm looking for an Oklahoma County CPA that is great with rental real estate. Can anybody recommend somebody?Thanks!Jack
Adriana McLaughlin
New investor: I don't want to quit my W2 but want to max investing to offset taxes
I have a W2, but also have a real estate license, though I work very little in actually selling real estate. I just bought my first investment property in Chicago, and have been busy doing minor repairs, furnishing it...
Nitin Dhiman
Holding period question for 1031 exchange
Hello experts,I believe that for a full tax deferral of profits through a 1031 exchange, I need to have occupied the property for at least 2 of the last 5 years. A rental property that own was occupied by me for the f...