Joe Richardson
Property Managers Kalamazoo MI
Does anyone have a property manager in Kalamazoo MI they would recommend? I'd like to start conducting some interviews with them.Thanks,
Mauricio Botero
Philly Realty Transfer Tax (x2) when buying from a wholesaler?
As we already know when you buy and sell property in Philadelphia, there is a transfer tax you have to pay that comes out to about 4.2% of the purchase price of the property. https://beta.phila.gov/services/payments-a...
Matthew Orton
Possible Failed 1031 & Alternative? Deferred Sales Trusts?
I'm in the middle of a 1031 exchange with three multi-family properties identified and at the end of my 45 day window. I originally had two student housing projects in escrow and on day 43 of 45, the lenders backed ou...
Ken Rishel
Anti Money Laundering – a Technical Explanation
From another client report (this one from 2012) - sans footnotes and references.All Americans are experiencing the expansionist wave of government control over all of our activities, and businesses are being increasin...
Joe Livsey
House Hack - Tax Write-Off for Tools/Lawn care??
I am about to close on my first house hack investment, a duplex, using an FHA loan. There will be renters in one half and I'll live in the other. Having been a renter my whole adult life I own minimal tools and zero l...
Cameron Skinner
How to write off your trip to Disney
@Brandon Turner recently touched on the deduct-ability of travel when visiting your out of town properties on the podcast, so I thought I would chime in. You may deduct 100% of your transportation expenses only if y...
John Sherron
Due Diligence on out of state multifamily properties
Hey BP fam! I looking to start investing in multifamily properties and wanted to whats a good due diligence checklist to follow when analyzing the deals? If you have any good spreadsheets to share I would really appre...
Robert Omoto
Taxable income. How do rentals help taxes?
First off, I realize nobody here is going to give CPA services for free. I am attempting get an idea of my taxes and found I am positive on my rental properties. So I am wondering how real estate produces a negative...
Isaak Brown
Condensation on tenant walls. What to do?
Hi all,
Thanks as always for any help and advice.
Tenants are experiencing heavy condensation. Walls or damp to touch, and some clothes are now moldy. We've brought in two dehumidifiers which are helping, but I'm no...
Char Bacheh
didnt take a wage from my s-corp
i opened my corp in July and wasn't able to take a wage as the corp made like 6-8k can i just take a distribution, what would you recommend i do?