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Recommendations for legal counsel specialized in RE transactions? Financing fell through due to loss of job mid-transaction. Financing contingency in PA is checked and clearly states EM to be returned to Buyer. EM was...
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So far we have seen two waves of foreclosures... the speculators and the sub prime debacle.
The tide is rising now on the 3rd wave.... those who had great credit, but now have issues because of job losses etc.
To R...
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As someone who reports to sec for our loan portfolio - blows my mind how loans held for sale must be reconciled and valued frequently where as held for investment never have to be adjusted. So banks can just say they ...
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Good morning!
I am a new landlord of a condo and am curious about my tax write off's. I'm clear what it is I can write off, what I'm not clear about is how much (or what %) of each category will come back to me. He...
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I have been reading as much as I can on series LLCs and was looking for some clarity around them. For context, I own a handful of rental properties and also work a W2 job. I am thinking a Delaware series LLC would be ...
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Well now it's getting real. Put an offer on a house in Prescott, AZ (red hot market like so many others right now). My intention is to go Short Term Rental via VRBO or similar. I have to makes some decisions in a sh...
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Ok Patrick, Any thoughts on the feed back I received from Linkedin?
Extremely frustrated!!!!
Wayne Jewell Real Estate Investor
Hi, newbie investor looking for a true private lender (not hard money le...
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Upon last years annual trip to the accountant, our acct. recommended investigating rental property. I was whining about how much of my businesses profits are eaten in taxes (I am self employed). He said several of...
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I’m preparing to buy my first rental property soon. My question is about the taxable portion of the rental income, specifically, money that is set aside for repairs, vacancy and capX. Is that money considered as incom...
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Looking for a Texas based credit union or bank that would service a mortgage in-house. Due to a cost seg on a storage facility last year, showing a loss on paper (six-fig accelerated depreciation), I don't qualify for...