Michael Osborne
Vacation Rental Qualification
I am interested in purchasing a vacation rental in the near future. When qualifing for the mortgage is the historic rental income counted towards qualifying for the mortgage? In this scenario the historic annual tent ...
Travis Rogers
Seeking TX Lender for Purchase - In-House (non-conventional)
Looking for a Texas based credit union or bank that would service a mortgage in-house. Due to a cost seg on a storage facility last year, showing a loss on paper (six-fig accelerated depreciation), I don't qualify for...
Eamonn McElroy
IS your rental a trade or business (IRC Sec 199A/QBID/20% Deduct)
BP Community,247 pages of final IRC Sec 199A regulations, 39 pages of new proposed IRC Sec 199A regulations, a new Revenue Procedure related to W-2 wage calculation for 199A purposes, and a proposed Revenue Procedure ...
Emily Poerio
Short term rental's cash flow is not great, should I walk from the purchase agreement
I am new to investing and after a few deals that had multiple other offers that I didn't win out; I did execute a purchase agreement last weekend but doing more analysis on the property and potential rates being 7.5%,...
Ryan Barnes
Negotiating partnership - Is this fair?
First let me say I would GREATLY appreciate any help or advice I could get from this group...
I am currently negotiating my position in a property management company (MGMT LLC). The arrangement is somewhat complex so...
Raja Gupta
corporate structure
I am planning to get an app developed for real estate. I don't think this app will make any money for at least two years. I would like to expense the app development expense for these two years. I am thinking of setti...
Robert Karnes
Self-Directed IRA to purchase Short Term Rental with Arbitrage
Hi All,I am looking at making a purchase of a vacation rental with my SDIRA. I have had long term rentals held this way and I am pretty familiar with the basic rules related to performing work, UBIT, etc.To set it up ...
Beverly Caswell
tax on sale of home
My kids have lived in their house for a year and are now looking to sell. I thought if they put the profit of their current home rolled over into their next, more expensive home, they wouldn't have to pay taxes. ...
Brad S.
anyone with sacramento courthouse auction experience please share
Howdy!Wondering if anyone been to sac courthouse sale to bid on a foreclosure auction, I am interested in a property going on sale in my neighborhood, looking to learn from your experience, in particular how to determ...
Armand Farr
Tax filings with properties in and out of LLCs in Houston, TX
Hi BP - need your help with this situation (our properties are in Houston, TX if that matters):
- Properties A and B: Both were held by three partners in our own names individually (never held in an LLC)
- Property ...