Todd Moriarty
If I buy an apartment building, who keeps the cash reserves?
I'm looking at different buildings right now and was told by a reliable source that, if I buy the building, I get the owner's cash reserves. That doesn't sound right to me. I know I get the tenant's security deposit...
Derrick Jordan
12 Unit Apartment deal - Seller wants to sell with assumed Mtg
Hi All,I wanted to lay out a deal I am looking at and get others opinions on quality of the deal and of options to finance considering the assumed mortgage.Asking Price: $1,425,000Mtg to be assumed: $720,000; 4.68%; 5...
Ryan York
Apartment Analysis To BUST Into The Commercial World!
Hey all,We're super interested in getting into apartments, but I'm struggling on a few things when it comes to the analysis. 1. When considering work that needs to be done to the property, such as remodeling rooms, sh...
John Blankenship
Commercial Deal - what do you think?
Small office/retail center in growing area of N. Georgia - starting to become more of a tourist center. Site located right across the street from tourist train depot depositing upward of 50,000 visitors per year.
Bu...
Daniel Dietz
What are Passive Loss Limits in an LLC with multiple members?
Hello All, I have been reading up a lot on Passive Losses lately as we have been looking at some larger properties and considering using Cost Segregation along with that. These purchases would be through LLCs that var...
Thomas Knight
Depreciation questions that are stumping me
1. If you have started depreciating your property (which is based on the asset value not on the land) and you say, get it reappraised or you refinance it do you start the depreciation process over at the new adjusted ...
Michael Plaks
Another hog slaughtered by the Tax Court - are you the next one?
You know that pigs gets fat while hogs get slaughtered. The Tax Court once again illustrated this cliché in its recent decision in the Harrison v. Commissioner case (T.C. Summary Opinion 2022-6).
Nicole Harrison was ...
Julio Gonzalez
Green Energy Tax Credits for Homeowners
Did you know that as a homeowner, you are able to take advantage of green energy tax credits? These tax incentives can help offset making energy efficient upgrades to your home. There are two tax credits that are avai...
Daniel Warren
is this cash on cash figured right?
im looking at a good shape 3br/1b house for 22k. I contacted owner about possible owner financing and she said it was possible, if I could wait until after holidays where she had time to work up a contract. I'm jus...
Mei Zhu
affordable tricks for renovation
Hello,Just want to know if anyone have tricks of the trade they can share to get the most deals needed to renovate bathroom/kitchen?For example, someone told me I can get cabinets replaced by going to Lowes and they w...