Here’s the scoop…I have a CPA, but he didn't provide me the answer I wanted and/or think is logical when it comes to the topic of claiming "Partial Disposition", so I wanted to put it out to y'all. I'm a business own...
If I transfer a property into an LLC does that start the 90-day seasoning requirement for FHA loans over again even though I am the member of the LLC?
Thanks.
I viewed it the other day with my realtor. It's already approved at 58K, but I really wouldn't want to pay more than 50-51K for it. My realtor called the listing agent to ask about it, but lister didn't get back to he...
I have read about two possible legal ways to write off some of the rental income: Take a partial dispositions of asset for a rental property and use that loss to write off the income in 1040 https://w...
My tenants moved out of one of my rentals leaving a mess and a German Cockroach infestation. I have incurred around $6K in expenses getting the place back to normal. I have sent the Deposit Disposition with documentat...
Hi all,
Any advice on what percentage one should pay a dispositions & acquisitions specialists for their part in the transaction and a description of duties for each. Any advice would be greatly appreciated.
I received a call today from a relative that just bought his first rental, and to his excitement there was a car in the garage. I found out it was nothing fancy, a mid 90's Dodge that is probably worth $1000.00. My qu...
Hey folks!We are closing in on our first wholesale contracts and building our cash buyers list. The question for the wholesalers here is do you tend to partner with one of the large companies (Keyglee, New Western, H...
PM sent Security deposit disposition without mentioning the "pay by date" to the previous tenant. Saying the following:"Regarding the security deposit disposition on xxxxxx .Although not mentioned specifically, the am...
Hi everyone,My name is Artiom. My team and I are wholesalers who focus on finding rent-ready properties under 100k (typically in popular section 8 regions). Our group has reached a point where our acquisition has beco...