Jonathan McGarrity
Guarantors on Loan to LLC
I am securing lending for an LTR. It is the first property our LLC is purchasing. There are 3 members and ownership is split equally. The plan was for me to be the sole guarantor. The lender wants the guarantor(s) to ...
Coty C.
Breaking the Tenant Screening Standards
Tenant Screening Standards:
- No previous eviction
- 3x income to rent
- Clean background
- Good references
Hi Everyone,
On biggerpockets these 4 standards for the tenant screening process have been repeated time an...
Taylor Hale
Are Upgrades/Renovations Even Worth It Nowadays?! RE: APPRAISALS
Is it even worth it to take the time, effort, and money into upgrading or renovating properties nowadays when appraisers are not even entering the property to take into account the changes you've made? It seems like t...
Zoey W.
I HOPE I am misunderstanding this... Colorado now limits tax deductions!!????
I hope I am misunderstanding this regarding new tax law in Calirado... sorry I meant Colorado...."Effective January 1, 2023, single filers are limited to $12,000 and joint filers are limited to $16,000 of deductions. ...
LaJon Dantzler
Question is in regards to working with a real estate attorney
Hi Everyone,
I hope everyone is safe.
I was wondering if anyone knew of a great Real Estate Attorney in Pennsylvania Pa. If you've work with one on your deals, as a real estate investor and a brief about your perso...
Sobsie Jacobs
property manager indemnification clause
I am reviewing a standard CAR (Calif Association of Realtors) contract given me by a potential property manager for management my fourplex. The indemnification clause seems to indemnify him very broadly for any actio...
Navid A.
Deducting Business Expenses & the Standard Deduction
If you're employed with a W2 Salary and are investing in rental properties under a LLC (disregarded entity), would you even be able to make deductions if they add up to be less than the standard deduction on your pers...
Jared Slater
How does Standard Deduction change affect which debt to retire?
With the increased Standard Deduction for 2018 I'm not sure if I should work towards retiring my home's mortgage, or one of my rental properties. The difference between interest rates is at most 1%. With the tax chang...
Gary Dale McKee
Need advice on wether or not to rent to people on disability.
So, I recently listed a property for rent or for sale by owner. I have had several inquires about the property as a rental and the majority of them have been people on disability benefits. I know enough to know that...
Paolo F.
Standard deduction for Non Resident Aliens
With the new tax reform, Personal Exemption was eliminated. Can we Non Resident Aliens use Standard Deduction now, as it is the only one left and in theory it should group the old Personal Exemption?