Angelica Aurea
getting prequalified with 3 investors
Hi all,
I am currently in a partnership with 2 other friends and we are looking into investing in a LTR together. We are interested in the Texas market. On another post, several BP colleagues recommended getting pre-...
Brian Gillies
Rent-to-own in Sacramento, CA
Hello all,Does anybody in the area happen to know of any rent-to-own programs for low income housing participants in the Sac, Ca area? I am looking to help a client out by providing her an opportunity to create gener...
James Robert
Am I taxed on sale price - purchase price? Or appraisal price
I purchased a home for 183k back in Jan this year. It is now worth about 240 with my updates I did.
Lets say it sells for 240.. Am i taxed on the 57k (240-183=57) or I am taxed the difference between the 240 and the...
Vase Bari
House hacking with in-law suite
For those that house hack with an in-law suite, I have questions.1) Do you get approval from the city to use the in-law suite as a rental?2) How do you deal with mail/packages?3) Do you back bill utilities?4) Do you s...
John Greubel
Managing Family Owned MF Property Without a Broker's License
I am currently buying a very small ownership stake (0.10%) in a large 100-unit apartment complex in CA. The property is currently managed by a 3rd party company however the current ownership plans to have me manage th...
Andrew C.
RE Pro status: links for docs that clarify what activities count?
I am a high-income W2 employee. DW is not currently employed, other than involvement in our planned RE adventure.Can someone clarify what counts for REP status? Any chance you've got links to srcs (case results, etc?)...
J. Mitchell Bernier
WF predicts WSJ Prime will rise to 7% by year end
A recent article from Wells Fargo Economists show predict that the WSJ Prime rate will be at 7% by Q4 of 2022. Now as most of you know Prime rate doesn't directly affect 30yr mortgages rates, but 99% of all commercial...
Jefferson Correa
Looking to refinance
I purchased a quad Plex three months ago, and I have completely rehabbed one unit and it is now %100 occupied.Will it be difficult to find a lender to do refinance ?I did seller financing with this quad and I have a r...
Karthik Narayanaswamy
Correcting Solo 401K slip up
I was looking for some advice on an issue I’ve run into with our solo 401(k).
1. We initially set up a Individual 401K with E*Trade under BizName. Let's call this Plan A.
2. Eventually we organized ...
Sean Wenderoth
Recommend any local CPA’s with Real Estate expertise?
I am in the market for a new CPA to file joint and self employment taxes as a Real Estate Agent. Recommend any Cincinnati professionals?Thanks, Sean