I’m going for my first investment but I wanna do it with a few of my friends. I intend to buy an SFR property, and then create an LLC with shared ownership or set up having Tenancy in Common agreements after its bough...
HELP! Complicated title question....So, I have a property. Sellers inherited it. There are 3 siblings. 1 of the sibling had 3 judgments filed against her when she owned her interest in the house. 2 years later she qui...
I recently reviewed my tax return for 2018 prepared by my CPA and noticed that the amount deducted this year for depreciation was significantly less than years prior. He used the Excess Business Interest Expense form...
Can someone explain to me how a 1031 Exchange can be used to fund a deal? What are the advantages?
Hello,Any recommendations for a solid PM in the Columbus area? Thanks in advance!
Hi BP!
I have a client in San Diego that just inherited a 4 Plex worth $1,300,000. The property is in a trust and has been passed down to share between 3 siblings. My client wants to buy out his other two siblings b...
My investment group invested funds accumulating $120k among four properties in the Houston area. I was pretty suspicious regarding the finished property being pulled off of the market suddenly for a month. Looked up s...
I have 8 financed properties and fall within that difficult band of 7-10 financed properties with Fannie Mae that require 6% reserves of the unpaid principle balance. The reserve requirement has become prohibitive of...
Hello, I'm nearing the end of a contract negotiation for a 100+ unit property, and the "final" request the seller came back was the following: Our CPA recommended that we add a sentence to Paragraph 8: EVENTS OCCURING...
On the most recent tax episode with Amanda and Brandon, they talked about 100% bonus depreciation which you can use with an Air BNB business. My question: my husband and I will be building a garage with an apartment o...