Jan Lee
In calculating CAM, does Operating Cost usually include Property Tax?
Hi
I have a question regarding calculation of Administrative cost. The lease states that the tenant is to pay 15% of "all of the foregoing costs as an administrative expense" under the "operating costs". Would this i...
Roger Plummer
Help with Pre-Foreclosures and Probates - Austin, TX
Hello - I'm looking for what to search for on Travis County Clerks website to pull probates and foreclosures. I thought it would be simple at first but now that I've found the link, I could use some help. I found this...
Jose Linares
Multi-Family Investing & Self-Directed IRA's
Happy Sunday BP community! I am currently working towards my first small, multi-family investment (5-10 units) and would like to use a Self-Directed IRA for this first property. As I compare fee schedules between se...
Christopher Lee Johnson
Creating my Fix and Flip LLC
Good Morning family,
I'm aware I don't need a LLC when executing a few deals starting out, but would I be able to run a business doing wholesale deals under an LLC meant for fix and flip? My plan is to fix and flip t...
Jill E.
Property Management LLC for tax benefits?
Because I cannot take advantage of active deductions related to my real estate rentals, I am wondering if I can pay myself as the "administrator" or property manager of these properties? The IRS believes you can't ac...
Chris C.
Self-Direct 401K/IRA Advice
Hello I have been hearing about Self-Direct for some time now, but would like to speak with someone who has experience in the area.
Deanne Bourne
May, 2021 Are We Losing the 1031 Exchange with New BIden Policy
Regardless of your political leanings, the 1031 Exchange is a great investment tool. This administration needs cashflow and they plan on some changes that would eliminate or curtail YOUR profit. If you are just sta...
Jayden Hamilton
How much is capital gains tax when you sell your rental property?
Say I bought a home for 115k, and 4 years later, it's worth 160k, and I want to sell. How much would the govt tax me for capital gains? I Live in Illinois; if that helps, not sure if it matters what state you're in...
Griffin Fehrs
How might I save this probate deal?
Hey BP,I am working on this particular probate deal that is seemingly falling through my clasp.In this situation, the seller is in an administrative position. There is a lien on the property, so property sale is subje...
Mary Jay
Deductions that are too late to deduct during an audit
Hi guys,I never claim my home office on my taxes and I was thinking that when I have an audit, and the audit finds something, then I can use the unclaimed home deduction to offset it.But then Ive heard that some deduc...