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Updated over 4 years ago on . Most recent reply

User Stats

14
Posts
3
Votes
Robert Withers
  • Real Estate Agent
  • Cupertino, CA
3
Votes |
14
Posts

CPA Needed In San Francisco Bay Area

Robert Withers
  • Real Estate Agent
  • Cupertino, CA
Posted

Hi I'm currently working on doing a Reverse 1031 from a single person into a partnership and it's a 5 unit in SF CA with the tenants paying 1/3 of market rent. Do we have to use a TIC? I want it to be a owner occupied, can I evict the lowest paying tenant? They've been there since 1995! Can I raise the rents and if so how much?

Any advice? 

Most Popular Reply

User Stats

17
Posts
21
Votes
Tommy Loretz
  • Investor
  • Walnut Creek, CA
21
Votes |
17
Posts
Tommy Loretz
  • Investor
  • Walnut Creek, CA
Replied

@Robert Withers

I think you would be better served speaking with an attorney than a CPA.

  • Tommy Loretz
  • Loading replies...