Eamonn McElroy
IS your rental a trade or business (IRC Sec 199A/QBID/20% Deduct)
BP Community,247 pages of final IRC Sec 199A regulations, 39 pages of new proposed IRC Sec 199A regulations, a new Revenue Procedure related to W-2 wage calculation for 199A purposes, and a proposed Revenue Procedure ...
Michael Plaks
5-yr depreciation - for tax geeks
On a different thread, I was challenged by my usual sparring partner @Eamonn McElroy. Our purely theoretical disagreement was over a $100k excavator to be used in a rental business, which I'd call a stretch to even co...
Arjun S.
Buyer price escalation clause. Any limits?
Hello,I have a contract with a builder that has the following clause and I am being told I need to pay 10% over the previously signed contract price due to increase in lumber price (which seems to have fallen 3X since...
Elvis Dur
County assessor regarding the new appraised value.
Just finished a rehab project. Took me around 3 months but it's finally done.County assessed value before the rehab was $99.300 and that's for 2016. I put around 30k into the project. Changed the roof, some plumbing,...
Soh Tanaka
Accounting/Tax: Reading real estate books to be a "professional"
Accounting/tax questions:
Many of us know that in order to qualify as a real estate professional status, one of the things you have to do is you have to perform more than 750 hours of services during the tax year in ...
Jason Munger
Bandit signs: why use basic text only?
I’m NOT asking if you should or shouldn’t use them.I’m curious why most people make their signs look so simple or hand written. Why not use a logo and make them look more professional? Does it work better to lead pe...
Matthew Banks
for those with a few rentals looking to scale, I'm in the same boat. DM me!!
He reach out. Let's trade knowledge about how to scale and manage a rental portfolio. I manage 5 units in upstate NY and am a passive owner in other property. I've handled acquisitions, renovation and management. Look...
Nicholas Lilly
Mitigate Risks & Maximize Profits with Expert Due Diligence
Every business faces a critical decision-making period when deciding whether to accept or go ahead with a business deal. This is where expert due diligence comes in, so as to avoid gambling away your business.
Expert...
Account Closed
getting started with performing notes
I've owned a couple of rental properties before. I've been thinking about buying another, but a friend suggested I look into notes instead. I'm most interested in buying performing 1sts for cash flow, and I will be bu...
Brent Hill
Procedure and Policy Manual - Wholesaling or Wholetailing
I am in the process of putting together a policy and procedures manual to document everything that is being done in my wholesaling business. My purpose is two-fold: 1) to help me keep organized and have a reference m...