
4 February 2020 | 15 replies
There are lots of legal resources available to indigent persons and if you do end up in court, you are far less likely to prevail (and far more likely to pay damages to the tenant who has already taken advantage of you and the seller) when you start with that strategy.Your first step should be to call the housing department of the relevant municipality and ask them what your obligations are.

3 February 2020 | 2 replies
It would help you to review IRS prohibited transactions rules:https://www.irs.gov/retirement-plans/plan-participant-employee/retirement-topics-prohibited-transactions

4 February 2020 | 18 replies
For non-tax related needs that happen during tax season (accreditation assessments, business transaction review, etc.), is there someone else in your firm that has more time available to address these issues?

3 February 2020 | 3 replies
lolThe most important part of any real estate transaction is a deal - without a deal, you have absolutely zero need for anything else whatsoever.

4 February 2020 | 7 replies
He says that California real estate taxes will take a massive chunk out of his gains and won't recognize such a transaction (SFH to condo+commercial) as a valid 1031 exchange.

5 February 2020 | 20 replies
A lot of buyers want to cancel the transaction as soon as they see something wrong bc they believe there will be no room for negotiations.... and the only way to gain leverage in negotiations is by moving forward with investigations and showing the seller and seller's agent your findings and then negotiating a price reduction and or RR (request for repair).

11 February 2020 | 5 replies
Conventional lenders don't tend to lend on arm's length transactions (people selling to themselves, relatives, etc).
6 February 2020 | 9 replies
There are a lot of transaction costs behind selling the property and if you're confident you can refi and still rent it to quality tenants for less than your PITIA then the risk isn't even that high.

4 February 2020 | 1 reply
They are the boots on the ground for the entire maintenance departments of their respective co-ops and have been extremely reliable.I would suggest contacting the HOAs around your investment properties.Best of luck to you moving forward!

12 February 2020 | 31 replies
I could be wrong but finding 3 of them for under $450k seems like it will be a challenge, plus then you've got 3 transactions/commissions/closing costs/loans/insurance policies/property taxes, 3 separate properties to manage, 3 roofs/furnaces/sewer lines/driveways etc. to replace...