Chris Martin
UBIT only applies to property held <12 months?
Seems to me, reading the instructions for form 990-T, that UBIT only applies to assets held less than a year. In the instructions for Line 4a—Capital Gain Net Income, the IRS says:
Generally, organizations require...
Michaela G.
China starting enforcement of taxation of overseas income and investments.
So, with China starting enforcement of their 1993 tax code, which requires Chines citizens to pay taxes on any overseas income and declare overseas investment, I wonder what the effect will be on the Westcoast housing...
Kyle B.
Cost of building a garage
Hoping to get some input from rehabbers who have done this in the past. I'm looking at a property that does not have a garage, although it does have the slab where a garage once stood. All of the comps in that area ha...
Steven Segal
Common Equity Structures with Investors
Hey-I am working on a couple larger deals that I have people interested in coming in as equity investors. Are there some structures that you have offered/used that have worked well?Thanks,Steven
Raky Patel
Liberty Real Estate Advisors
Hey guys, I did a search but could not find anything within the forums regarding Liberty REA out of Houston, TX. Does anyone have any experience with them? Are they an operation similar to Lifestyles Unlimited whereby...
Chris Lynn
Sec 121 + 1031 + Sec 121 + 1031 = Say What Now? Can we do this?
Four years ago we got lucky and were able to buy the 2-unit building we'd rented in for the previous 18 years. One unit was vacant and we fixed it up with the intent to AirBnB it. Just as it was finished, my mom was f...
S Harper
tenant application questions
We have only placed tenants 3 times, with one of them not working out very well (so I am gun shy). There are enough small things that bother me that I thought I would seek input from more experienced landlords.Single...
Cas Gabe
IRA Penalty Tax question
Hello all, new to the boards here, I have a question re my IRA and tax penalty - did a 50K draw (60 day rollover) from my IRA (Traditional) to cover some credit card debt and medical bills and had planned to redeposi...
Mark Wilton
Newbie Landlord Potential Deal - Need Support
Hi all,As usual thanks so much for the continued support.I have a deal under contract. Typically I rehab properties, working for a large volume company and manage the rehab systems.The latest deal I have doesn't work ...
Jessica H.
Seeking advice on tenants storing items in back of property
Hi dear all,I’ve inherited a tenant from a recent property purchase and they are storing belongings in the back of the building resting against the wall and no roof protection. The tenant is probably doing this becaus...