Jose Ramery
RE commissions on your own deals
I currently invest through an LLC (four partners) and I am considering getting my RE license. At closings should I:Have the LLC pay me a full commision. It would be an expense for the co and a 1099 for me.ORHave the...
Navid A.
Need help on how to get paid
Hey BP,I got wrapped into an informal partnership on a real estate flip project that we are about to sell after 3 months of rehab. We split the costs 50/50 and we are about to close soon. Since the partnership/deal wa...
Alon Kostetsky
Buyer's Agreement Fees
Hi all - I hope you're doing well!I'm about to start looking for an investment property. The real estate agent is asking for $495 as part of the Buyer's Agreement and the amount is due at settlement. Are those standar...
Deanna Coffey
Renewing lease without one of the roommates
Hello All,
I have a single family condo (PA) currently rented to 3 related tenants on a one year lease ending in Feb. In speaking with one of the tenants it seems things have gone sour with one of the roommates (not ...
Jose Dorado
CPA with experience in out of country investment properties
Hi, I accidentally became a REI last year. In March 2023 I purchased property in Cancun then I started renting it on Airbnb. I also started renting an ADU on my home in Colorado to a long term renter. 2/2023 I had...
Account Closed
Sewer cleanout installation cost (2023)
what’s the installation cost of sewer cleanout (in Kansas City but other low cost cities are fine too)? Someone else that I trust booked the contractor and I’m presented with a bill of $2450. I saw the pictures of t...
Mike Sivert
Subject to - tax write off?
I'm thinking of doing a subject to deal. If I continue to pay the mortgage in the the seller's name (with out refinancing) would they claim the mortgage interest tax deduction or do I get to claim that since I am payi...
Account Closed
GRRRRRRRRRR!
I had Signal Door Company come out to install my brand new $974.31 door on Sept 18. Since then it's been opened THREE times and closed TWO. I had to remove it from the motor just now to get it closed. There is NO way ...
Ryan Young
Tenant and Repairs. Should I?
I recently closed on my first property and the tenants are already wanting to do a few repairs at the house. The husband is a “handy-man” and would like to do the repairs himself and for me to reimburse him for the ma...
Dror R.
Decommissioned Oil Tank Jersey City NJ
Hi everyone,
I come to you all for guidance and advice on a property that I am currently under contract for. The property is a two family near Journal Square Jersey City NJ. During the oil sweep testing we were made ...