Tommy Ciccarone
What do the NNN’s stand for?
NNN stands for net, net, net. These pass through expenses of leasing are portions tenants or lessees pay in addition to the lease fee, or rent to the landlord or lessor. The NNN fees are property taxes, property insur...
James W.
Separate Property Management Entity Requirements
If I own real estate in a partnership, but I want to pay myself a property management fee, can I create a separate entity to be the property manager? I’m not a licensed property manager / broker, but I’m a partial own...
JC Conchas
Solo 401K for real estate purchase
Hi everyone,I'm leaning towards opening a solo 401k vs a SDIRA, for buying and holding multifamily properties. But I have a question that I would like answered before I can make a final decision.My question is, I unde...
Robert Huizar
Tax Deed Question: When the HOA is the current owner.
A Tax Deed auction The property (condo) has an HOA listed as the current owner after foreclosing on a loan it made to the buyer (perhaps this is represenitive of fees not paid). The property has over $35k in property...
Josh Thomas
NPN 1st with unpaid property taxes, how to pay them off
I'm looking at two non-performing 1st notes with substantial unpaid property taxes that will be sold at tax lien sales in April. What is the procedure to pay the taxes as a new loan to the borrower? Where can I read u...
Shaival Patel
CA senate bill SB584 imposes 15% tax on STR
Any insights into SB584 that places 15% tax on STRs but exempts hotels to fund housing situation? It seems bone crushing high for guests. If you were a new investor in CA market, this tax will lower your occupancy r...
Aj Bowman
Property Gain Taxes in Maryland
Hi Everyone,I am trying to understand how the property gain taxes work in Maryland. I know I can use a 1031 to work around the taxes for a little bit but I will using a private lender so I don't believe that will be a...
Mohsin Mazhar
CPA Cost $1200
Hello Everyone,I am looking to get some idea about CPA expenses.I recently switched to a new CPA. They charged me $1200 to file my taxes.I am married with W2 income and 2 rental properties. What are your thoughts abou...
Thomas P.
Deed of trust fees
I am using private money for a purchase. The person lending me the money is a friend. The reason I am using his money short term is to get on the deed and own the property free and clear (on paper). After two years...
Alan Ouellette
Does this seem high to you?
My wife and I just got pre-approved for a mortgage. We are looking for a townhouse to rent out for income. I just received the pre-approval letter from the credit union and I want to see what people here on bp think....