I am trying to understand the implications of the IRS not-for-profit rule.
Let us assume:
- I have a group of rentals
- Each of these rentals shows losses for Tax purposes (rental income less: pro...
Here’s the hypothetical situation:I sell an investment property for $1.5mm. Then 1031 to buy another investment property at $1.0mm. Difference of $500K.1. Can I use the $500K difference as a down on a second larger p...
Is it allowed to obtain a heloc on a property owned by the LLC and the LLC is owned by a self directed 401k?
Hi, I'm working with a church to convert their space into an apartment complex where the church will have it's meeting room on the first floor and we will build apartments above the meeting room. I'm raising funds for...
Hi All,A few of my trusted friends and I are planning to create a fund to flip homes. All purchases and sales will be cash only. Would the best and simplest type of structure be a joint venture? Anyone here who has do...
I'm new to real estate investing. I'm starting to get my mind around evaluating deals, learning the rules of thumbs expectations, etc.What are some rules of thumbs you all go by when evaluating a multi-property deal?W...
Is there a template form on the BiggerPockets website?
According to Union City's Rent Stabilization Ordinance of 2017, a rent increase is permitted as a "hardship increase" if annual operating expenses are greater than 75% of the total annual gross income. Subject to a nu...
Please Explain REITs to me in the most simple way. How much capital do you typically have to have? How successful have your investments been with them? I feel like I need someone to sit me down and go over the process...
Hi everyone,I received a job as an Accountant for a small rental property management company in Richmond, VA. I was invited to interview even though I have no accounting background, and was ultimately given the positi...