Jay Crizzle
Taxes owed at closing
Sold house in september. In recent days closing agent has contacted me and said we didn't pay enough in taxes and we owe the buyers large sum of $ right now because he paid too much. Apparently the closing agent/ tit...
Jorge Vazquez
Are you thinking of paying off your mortgage early?
Are you thinking of paying off your mortgage early? It's a great feeling to own a home without any mortgage payments. However, it's important to consider the costs and sacrifices that come with it. Before making any d...
Michael L.
Is it better to rent for the company or acquire a company with the equipment?
Will a good concrete company have access to the necessary equipment to grade and dig to prep the site or is it customary to have to rent that equipment for the concrete work to be done?
Christopher Lambert
Tax software for renting out a room
Just curious if anyone knows what do it yourself tax software would be best for a condo where I have one roommate (I own the condo, he is renting a room from me). I've always used TaxAct in the past before I started r...
Kyle Winters
1031 into BRRRR (what to be aware of)
I’m going to be selling 1, maybe 2, single family homes that I have some decent equity in and 1031 each. One might net me $75k to use, and the other would be around $65k. I’m looking to do my first BRRRR’s as I have g...
Evan Schmidt
Drafting a Partnership Contact for Sweat Equity
Hey BP - My girlfriend and I are planning to buy a home in the Seattle area to renovate and live in, but since we aren't married it seems prudent to draw up a contract to clarify how the property will be handled if w...
Gustavo Delgado
Save this deal! What can I do..
I have a condo of mine under contract. Everything was running fine until Underwriting wants to know about the 10% for reserves in the HOA account. The annual budget for the hoa is $850k so they want to see $85k in the...
Brian Bradley
CA Residents Protect your Assets through State Exemption
If you are a CA resident searching about Asset Protection one option for your, if you qualify, is the Private Retirement Plan (PRP) which provides one of the highest levels of protection for your assets. PRPs are ide...
Naveen Desai
Selling PROPERTY held in LLC for 4 yrs & rented. Eq partners-Tax
Hello, We held a rental property in an LLC ( TX prop and TX LLC) for approx 4 years and now selling it. When we sell the property, how do we know the capital gains for the property. The LLC comprises of multiple pa...
Julio Gonzalez
The Importance of Land Valuation
Did you know that it can be very beneficial to get a land valuation BEFORE you buy a property?
We all know that land does not depreciate as it can never be “used up”. When buying a property, the purchase price is spl...