All Forum Posts by: Account Closed

Jeff Copeland is one of the best "investor friendly" agents and property managers in St. Pete/Tampa

@Mark Adler My CPA is located in NYC but has a lot of experience with real estate investors-and is always very responsive. PM me if you want his info

Steven Hamilton II I definitely could be wrong but I thought cars weren't subject to collectible rates? Even antique

Long term capital gain, 0% rate.

I bought a 1 BR condo in Ridgewood about a year ago. Unfortunately at this point under 450 will get you a tiny studio, or something that needs significant work. I've already seen the area by me changing-combined with little inventory it's tough. Maybe try a fixer? Hope this helps!

Highly recommend Jeff Copeland . Manages 6 units for us and has been great.

Hi everyone, Considering switching to National real estate insurance group. I like the ability to be able to have the policies in one place grouped together. I noticed a few threads on here complaining about reasonable claims getting denied by the insurance companies they work with. Anybody have a positive experience? I know people are more likely to post when they are dissatisfied but just want to be careful. Thanks!

Laura Richards quick question about Florida land trusts: Can an LLC be the beneficiary but the trustee be a member of that LLC?

@Steven Hamilton II@Ernie Neve Thank you so much!The property only has 1 partner on the deed, and 1 on the mortgage to clarify, the form will obviously only be issued to him.I hope I can ask one more question. 

We also have 4 properties without a mortgage in 2015. 3 were bought in all 3 of our names, and 1 was purchased in our newly formed LLC. 2 of the 3 purchased in our own names was quitclaimed in november (working on the other one). We didn't plan properly,so during 2015 we basically have:

1) An LLC with 3 properties (1 was quit claimed that was owned by all 3 of us)

2) One partner has the sfh with the mortgage as discussed in the first question

3) 1 property is not in the LLC yet

Do I need 2 partnership returns even though the LLC and the partnership have the same members?

Hey all,

Quick partnership tax question. If we each hold deeds and mortgages in our own names (to increase our number of mortgages allowed), can we somehow share the mortgage interest tax deduction on a partnership tax return, even though the bank issues the interest to one person?