Jim Cummings
Is It A Bedroom Or Not
Info from the Texas Association of REALTORSWhat Makes a Room a Bedroom?July 17, 2018 | TAR StaffThere’s no single legal definition for a bedroom in Texas. The International Residential Code (IRC), published by the Int...
Monica Kovalsky
Safety Tips
Hi,
My husband @Kevin Kovalsky and I own multi-families in downtown Manchester, NH. It is not the best area and We keep property management within the family and sometimes I get concerned for our safety.
Does any...
Nicole Holcomb
Property Tax Avoidance in California
Hi BP!
I have a client in San Diego that just inherited a 4 Plex worth $1,300,000. The property is in a trust and has been passed down to share between 3 siblings. My client wants to buy out his other two siblings b...
Josh Dehmlow
Quick question on RE LLC compensation for member doing the books,
OK, probably NEVER a "quick" question and answer concerning tax, $, etc. But I will try to make it simple. What is the simplest way to compensate one member (of a 2 member-mamged 50/50 LLC that has a couple rentals) f...
Matthew Marshall
Rentals
Hello I'm new to the whole thing. Over the past 5 years I have purchesed three houses. All making great income. I'm ready and have saved up enough for a down payment for another but the banks will not give me any mo...
Stephen N.
Cash offer accepted. Can I still get a loan to finance it?
I entered a cash offer for a REO that was accepted. However, I think i can get a loan pretty easy to fund the deal. Am I obligated to use my own cash for a cash offer or can i get a loan?
sorry if that's a dumb que...
Catherine Decker
Assigning contracts in California in 2016
Greetings,I am looking for some clarity from experienced wholesalers in California real estate.I have just started wholesaling here in the SF Bay Area. Very excited!I am working with a realtor who has not worked with ...
Brandon Patrick
Recommendations for a good tax professional
Hello everyone, Every year I keep having problems and issues with the tax person I’m working with it every year I have to find a new one. I have even had situations where I had to amend my taxes because the tax person...
Michael Plaks
Last-minute PSA: you're about to lose your 2018 or 2019 NOL!
If you do not know what NOL (Net Operating Loss) is, this alert is not for you probably. :)If you carried your 2018 NOL to 2019 or carried your 2019 NOL to 2020 - you only have UNTIL OCTOBER 15th, 2021 to reaffirm thi...
Josh Edelson
WANTED: Tax Accountant Specializing in RE Investors
Hi All!My tax accountant sucks! She forgot to include ALL my management expenses ($32k in expenses) and now I'm making her do an amended return on my 2019 taxes. This is my second accountant in two years. She's fired!...