As all of us know the rates dropping for 2024 have had your average realtor and lender running to facebook to post about how great 2024 is going to be. I happen to be in the other boat... if you take the same amount o...
Hi, This is a bit complicated... Multi Family purchasing, Have you ever prepared an OA for your LLC when adding a member that isn't investing money***? It is common when the deal is bigger than your normal practice an...
We are planning on selling a SFH rental this year. We have a ton of equity in the property so I am trying to learn about 1031s.
Here’s what I calculated using rounded numbers:
Cost 150
Cap impr 70
Depr 105
Basis 11...
Hi everyone, I am new to the Dallas market and are interested in learning more about it. What are the key factors and risks to consider when investing in Dallas? Here are some factors I have thought about it. If you c...
Hello All,I'm executing a 1031 exchange in September. I am realizing $300,000 from the sale ($100,000 profit). I'm planning on purchasing new property for around $270,000. That will leave me with $30,000 in "boot" wh...
Hello All:
Thank you in advance for all the generous contributions all of you make. I appreciate you taking the time to answer my question(s).
I have my first deal under contract and will need to invest 10-15k to ge...
I have a deal that I've been working with the sellers on and their accountant just informed them on the capital gains tax since the rental is in their parents living trust, they said they are no longer interested and ...
I'm working on listing a commercial property for sale. One of the brokers I'm talking to prepared a doc showing a comparison between a comparable sales approach, and an income (cap rate) approach, to estimate value pe...
The appliances in a duplex I bought are going to be replaced. Would love to write it off next year as an expense but wondering if that would raise a red flag with Uncle Sam. What do you all do? Capitalize? Or Expense?...
What does state law say about this?
Due to damages exceeding the security deposit all funds will be retained by Foundation Property Management, LLC. This does not exclude the resident from future obligations to pay t...