Sam Handy
California SDIRA - CAFTB questions
Hello folks. I am new to the site. I was reading a post from a few years ago about self directed IRA's. I received a letter from the California State Franchise Tax Board stating they received my $800 for specific ta...
Gart Robert
Single Member LLC (Does it include your spouse)
Hi Guys,I've been trying to find this answer online and was wondering if I create an LLC and it's only my wife and I as members 50/50 is that considered a single member LLC or a multi member? I know they have differen...
Eyal I.
Looking for a CPA who specializes in Real Estate
HelloAnyone can recommend a Texas based real estate focused CPA? I am looking for someone who truly understands the real estate world and can also serve as an advisor. Specifically, someone who understands opportunity...
Ben Breuner
Tax Advice for US RE Investor Living Abroad
Hello,My partner and I have invested in 3 rental units in Missouri. We're US citizens, not married. We're now looking to move abroad to Germany for 1-2 years to work as expats. I'm looking for advice on how to handle ...
Dan Krupa
Payoff mortgage early or not?
BP Pros:I have done a ton of research on paying off mortgages early. With interest rates at historic lows and given that early payoff return is equal to the interest payment, I see expansion as a better option. Additi...
Account Closed
Foreclosure Legal Jargon
Hi Everyone,First time poster here. I am looking at foreclosures in my area. I recently spoke with the lawyer who is acting as committee for the foreclosing bank on a particular property. He stated that the propert...
John Sparks
Seller Breach of PSA
Hello All -Put down EMD and entered into PSA. Sellers were highly motivated and had frequent and long time delays in providing documents. Couldn't complete due diligence and so requested extension, sellers agreed in...
Mark Hall
5% Financing
I am looking over my options of financing. I have been focusing on FHA but the UFMIP scares me a little. I stumbled upon some reading that stated you can put 5% as a down payment, and the loan is not FHA insured. D...
Joe S.
Lease option question for Texas
So are lease options ok if it’s a commercial building in Texas? I know there is a bit of controversy on lease options for residential.
NA NA
Prepayment penalty & owner financing
Hi, my question may be a rare one. What will happen if my buyer pays me off early. My buyer hinted at paying me off early, so let's say my buyer pays me off in 2012, right after buying it. I know it won't happen, o...