Rubin Thomas
possible to do a 1031 exchange from a joint venture?
7 September 2021 | 8 replies
LOL.I would say do a buyout, then do your 1031.Here is an excerpt from an article I found http://www.exeter1031.com/arti..."...1031 Exchange Structural SolutionsThe partners may either sell their individual interests in the partnership, or the partnership can sell the real property and distribute the cash to the underlying partners so that each individual partner can go their separate way.
Marissa Liesenfelt
Reccos for CPA expert in STRs
21 October 2021 | 3 replies
The business income from the STR can be split on both returns or put through a partnership return and then to the individual returns depending on how you hold the property.
Paul Clements
Tax question on selling principal residence
6 September 2021 | 11 replies
That “parcel of land” identified by the deed is the object in question.
Ronnie Galindo
Need a reliable contractor Houston area
28 September 2021 | 9 replies
I recommend setting yourself up with other individuals in your area and try to use the same resources and vett or filter out the contractor that doesn’t meet your standards or business model.
Mel Park
I paid over asking, I feel dirty lol
11 October 2021 | 21 replies
@Mel ParkI don't think your reserves for maintenance and Capex are at all realistic, I use 15% of gross rents for them combined but I've seen some people on here use 20%.That being said, it sounds like you're a high net worth individual so your aim is to diversify and not chase the largest return which is justifiable.
Victor B.
Buy rental property via LLC or in own name w/ umbrella insurance
7 September 2021 | 7 replies
The theory is that if you own an individual asset in an individual LLC, your exposure to liability is limited to that individual asset, and a faulted party cannot come after any other assets, personal or business.
Matthew Lindsey
Need opinion on new tenant with covid
1 September 2021 | 5 replies
The tenant is just one individual.
Christine Seeley
Ideas for Direction on Refi and Buy with Very Low Income
2 September 2021 | 5 replies
If they are individual units, is it better for you to live there and give up your 2 story duplex?
Sheldon Peart
Dispute Resolution in British Columbia
31 August 2021 | 2 replies
Are they objective in their decisions for both sides or did they seem biased in their decisions?
Ryan Phelps
What Do Contractors Need To Know For A Quote?
1 September 2021 | 2 replies
Do I subcontract out all the individual skills or try to find a handyman that can accomplish a wider array of items (like outlets, lighting fixtures, exhaust fans, LVP flooring, etc.) and then hire subs for specialty items (roof, siding repair, painters, etc.)?