Rene Bee
Contractor wants to be paid in cash
Hi Everyone,My GC want to be paid in cash. Its a gut rehab which will be over $100k. I will not be paying it all upfront. I am not concerned about him disappearing or doing a poor job as I have known him many year...
Josiah Cooper
Creating Your Own PM Company
Hello BP Community!I wanted to get some opinions on creating a property management company for our rental properties. I have heard of people owning properties and then creating a PM company that "manages" their proper...
Larry Watson
Cost segregation form in excel
Does anyone have an excel sheet that you use for "cost segregation"?
Justin R.
Trust/Ownership issues with 1031 Exchange
My wife and I are currently in the process of creating a trust which will hold all of our long term rentals. I am also looking to sell one of my out of state properties. I contacted my exchange company to set up my 10...
D Mack
Seller wants to avoid an audit!!!!!
Im in the process of getting a duplex under contract. The home owner and I agreed on a price of 25,000. But he says he wants his money in 3 separate checks (9k, 9k, 7k). He says he wants it this way, so he's not audit...
Jon Sheffield
What questions do you ask your CPA & Attorney?
To all that either have had the opportunity to deal with attorneys and CPA's or not I will take all advice given. I am just beginning and wanted to know the basic steps in vetting a attorney and CPA. What are the basi...
Ash Patel
Grocery Store Financial Audit
Hey BP! Does anyone have referrals for a Grocery store auditor? We have a tenant that has a $10m rent threshold before they kick up a % of sales. Of course for years they have been hovering just under $10m. Would ...
Deborah Burian
One more 1099 issue...
@steve hamilton and others, I know the question of whether to issue 1099s for rental properties has been beat to death, and we do issue 1099s because landlording is my business and full time occupation.
My qu...
Anna Thanopoulou
Material participation - proof to collect
Hi everyone,I have a few questions around material participation for an STR:1) Activities that count: does anyone have a list of things we know for sure count (eg based on court cases?) Do home improvement activities ...
Cam Chan
Low cost option for Cost Segregation?
Does anyone know if there is a software or service that is a Low cost option for Cost Segregation? I understand that there is such a service/software that is enough to meet IRS standards without an actual appraiser g...