Greg O'Brien
PPP Forgiven Funds are NOT Deductible
IRS released guidance yesterday saying that any PPP expenses that are forgiven are NOT deductible for Fed income tax purposes. In essence, the forgiven funds are taxable, in direct conflict with the Cares Act. Congr...
Account Closed
Insulation code requirements in 1912 built home?
Does a home built in 1912 need to be brought up to code with regard to insulation? I am thinking about buying a triplex built in 1912.
Johnny Park
Is a LLC really worth the money?
Hi!Need some advice. I own several 2-4 unit multi-family buildings in the Chicago areas with loans, but the banks are starting to question why the title has changed from my personal name to a Series LLC. Not only is t...
Cody Cavenaugh
questioning getting license, 20 year old real estate investor
Hi, I'm a 20 year old real estate investor. I have purchased my first property last year and plan on purchasing my second later this year. I'm considering getting my real estate license in order to get 3% off purchase...
Bryan Hudspeth
Starting an LLC - Texas or Nevada???
Hello,I'm getting ready to do my first deal, and was thinking about proceeding with getting an LLC.I attended a Fortune Builders event several months ago, and was contacted by a company called Nevada Corporate Headqua...
Jeremy Sanders
Using A VA Loan
If I turn my home that I had financed through a VA Loan to into a rental property, will it allow me to become eligible to apply for a new VA Loan (or) Will I have to wait until the Property is paid off in full?
Hares Najand
How to Split Water Bill for Duplex with Single Meter
Currently, there's only one water meter for the entire duplex, and historically, I've been responsible for paying the water bills every month.
However, I believe it's time to transition to a system where the water bi...
Jin Zhang
How should I set up LLC for my property?
Hi everyone, I have some questions about how to set up LLCs for my properties and would love to learn more about your expert opinion. Currently, I have two rentals. One is in California (I currently live in this state...
Ed Long
How Do You Decide If a Borrower Is a Good Fit?
When you’re deciding whether to lend to someone, what do you look at first? Is it their credit score, their track record with loans, or the investment they’re trying to fund? Do you rely more on the deal itself or the...
Cat R.
Residential lease clauses
What are some of the clauses you use for your residential leases? I am working in a new rental and plan to include a clause for pests. We will only cover one extermination and the tenant is responsible for any others ...