Chad Bixby
What's the best way to assume a loan with the lowest closing cost
We have a home that we are pre-qualified with the bank to purchase. The loan is a 30 Year Conventional/Rehab loan which is requiring 15% down with an interest rate of 5.6% (which imo seems pretty reasonable). The pr...
Michael Doherty
Tax Filing: Professional Real Estate Status
Hi All,I am looking to get input from people who file their tax return using the Professional Real Estate Status. Specifically, I want to understand how you track your daily activity and to what level of detail? Are t...
Michael Shepherd
LLC collecting rent - For an out of state investor
Hello, I'm an out of state investor who lives in CA and invests in MI. My current entity structure is that I have a WY LLC as my Mother company and a MI LLC as my real estate holding holding company in MI. However I h...
Joshua Wilson
Help with my First Deal!!
Hi,I am working on my first owner financing or lease purchase deal. The owner has not decided on which way to go. Details: House is located in Lancaster CA on the westside. Nice area. Its a 4/3 1800sqft. half acre. Ow...
Pat Williams
Tax Organization Structure
Where are my blind spots in this tax organization for a real estate developer. A single member LLC (Company X) runs rentals, RE development, and is General Contractor on the development of the properties. The rental...
Jorge Leon
Tenants in a 4 unit multifamily, what are our options?
Hi all.My parents are looking to purchase a 4 unit near their primary residence. 3 of the units are rented and one is vacant. The tenants have the right to stay until their lease ends correct? At which point rent woul...
Michael Tyler
Help me find a solid title company
Our lender is trying to close our refi on a Texas property, but they keep having title company problems. When the lender asks, “Do you have any ideas?” you know the loan is in trouble. The issue seems to be confusion ...
Russell Quealy
Bad contractors need help
Hello everyone!So I feel like I'm in a bit of a pickle right now. I had these contractors working on a flip for me. One day the lead just packed up all of his stuff and Left without letting me or my wife know. I showe...
Kevin Yoo
Formula to use in Excel Spreadsheet
I am trying to figure out what formula to use in excel if I sold my note at a discount to calculate the new rate. Does anyone know this?
Ryan Fox
Where to find cost basis in tax return?
I own about 16 rental properties. From time to time, I consider selling a property and ask my CPA what he has as the cost basis so I can understand the tax ramifications. Then there's a long wait... Is there somewh...