All Forum Posts by: Zhenyang Jin

Thank you, Ashish.

Hi Chris,

My purpose for using a DBA are:

1. Want an easily remembered name without LLC suffix so that tenant can refer it easily to their friends.

2. Separate different project under one LLC.

However, I don't want to introduce additional complexity about paperwork and confusion on banking and accounting.

I am registering an LLC in CA for multifamily investment. I wonder whether DBA registration is recommended. My CPA and banker told me this is not needed. I am not sure whether there are some drawbacks when not registering a DBA. Has anyone met an issue when not registering a DBA.

Basit, thank you for your reply.

Hi Real Estate Veteran,

I am using turbotax to calculate depreciable basis for my rental property. After evaluating my situation, I need to add the cost of City Transfer Tax into depreciable basis. However, I don't know how to group the cost into following group? I wonder whether anyone knows the answer. If possible, I wonder whether can share me some materials or link about Amortization Code Sections.

Appreciate your help!

Hi David,

I plan to install a new washer and dryer rather than relocate.

Much thanks for your suggestions.

Regards

To experienced investor,

I purchased one condo in Palo Alto, Bayarea. I want to install the washing machine and dryer in the kitchen just as other unit did. The HOA told me I need to get the permit drawing and plan first. Can anyone recommend a licensed architect who can achieve this job for me?

Appreciate your help.

Best Regards

Joseph, thank you for help.

Hi all,

I have stayed in my primary home for 2 years and the latest loan refinance is Sep, 16, 2020 (Quicken loan).

Early this year, because the low interest I purchased another property with better school and neighbor. Now I plan to move to the new property. It is expected to close escrow this month and the previous owner needs to stay 1 more month so my actual move-in day is likely early March. So I am planing to rent out my current primary property. Because there is only about 5 month since last refinance on my current primary property, should I do the refinance to change the loan from primary home to rental type? 

Thanks for help and insight.

Best Regards, Clark