Hey everyone, wanted to get your insight, new real estate investor here and wanted to know how you would allocate the funds in my situation. Currently have some loans through FAFSA. 1st loan: 37k with 6% interest; 2nd...
Hey guys I have been a lurker for a very long time, but never really posted until now. I am currently rehabbing a house with a loan from a hard money lender. I have about 100k in rehab budget and it’s going well so fa...
I self-prepare my annual tax returns and have a tax scenario/question regarding the allocation of Property Taxes and Carry Expenses for land.In 2022, I purchased a vacant parcel of land that is zoned for multi-family ...
Team,In doing some year-end review, and 2016 planning, I've been working thru my forecasting accuracy. Been at this game 5 years now, and have evolved the business from a hobby to business system. It's amazing what th...
I saw on the forum a PDF that showed how the 50% of expenses was allocated, but I can not seem to find it using the search feature and was wondering if someone knows what I am talking about. I have a friend that is b...
BP,
I have an interesting question regarding ownership percentage vs. profit allocation percentage within an LLC.
I want to have an operating agreement where party A owns 60% of the LLC and party B owns 40%. Addi...
What method do you all use for depreciation purposes to separate the cost of your land and house for SFH?
Hello, I have a 7-unit apartment complex and currently the water and sewage are not sub-metered per unit, we get one bill for the whole building without a breakdown. Can I legally require each tenant to pay for a shar...
What is your overall asset allocation?Mostly real estate or a mixed of assets?I am roughly at:35% Buy & hold real estate5% Bonds10% Cash - looking to deploy50% Equities
Let's say you have a shopping center that is fully depreciated. You then build a dollar store on an out parcel and hold it for a year. In order to save in taxes can you sell both properties as a package deal but alloc...