Tim Braun
Purchasing a small mobile home park via. land contract - need some advice
Hello all, hopefully this is the right place for this. I am considering purchasing a small mobile home park (6-11 pads) on a land contract. I'm addressing the site details on a different post, so I was hoping to get s...
Yocheved Beer
Is there an response to this concern on a subject to purchase
Hi all,
I made an offer on a house subject to and it got rejected because the seller is nervous that if i dont pay then they will get foreclosed on.
Is there something called a performance deed that would deed the p...
Sam Cannata
1031 Exchange Extensions
A situation arose with a 1031 exchange I am in the middle of in Denver, CO. Here is the timeline. 1031 started Jan. 2nd. Identified a property and closed Feb 26th. Gave the existing tenant 29 days to vacate the proper...
John Humphrey
First Rental Investment - Wichita Falls, TX
Investment Info:
Single-family residence buy & hold investment (Section 8).
Purchase price: $100,000Cash invested: $5,000 (downpament)
This would be my first investment property I'm looking to purchase in Wichi...
Lyndal McMurphy
No heat/hot water, tenant wants a hotel
My tenant in a SFH (single mother with toddler) was contacted by the gas company saying she was using excessive gas. They sent a technician out who did a pressure test on the gas line and said there is a leak on the ...
Sean Wilt
Motel/Sales Tax as line item or just bury in the daily rate?
Good evening,I am getting ready to list a new property on AirBnb/VRBO and I am wondering what the best way to handle Hotel/Motel and Sales Tax. Since this is Georgia, I have confirmed that AirBnb will NOT automatical...
Toshiki Hoshino
Refinancing UBTI Questions.
Hello BP,
What are you tax consequences on below situation purchasing property under Checkbook LLC.
Purchased owner financing commercial property with 2 partners (33% ownership each) for $1,250,000 with down payme...
Matt Aidem
Tax question on Gift
First post here,My fiancé owned a home with her ex husband. Her parents needed to take title in order for her to keep the home as she had no income at the time of divorce . Fiancé has made all of the mortgage payments...
Kenneth Joseph Perfido
Creating LLC in a new state
Hi everyone. I moved to a new state and was curious to see if I should open a new LLC for a new state and if anyone had reccomendations other than a local attorneys office to create one. Has anyone used online lile Ze...
Zachary Taylor
Borrower has passed away
Here is the scoop:
BPO is $35KThe borrower has passed away and a relative is now living in the house. No payments have been made on the note since March 2016. City and County back-taxes amount to $1,110 and propert...