David Chance
What are the issues with servicing your own note?
16 September 2017 | 3 replies
I'd prefer that they'd service our loan but when I approached my partner about it he thought it was an unnecessary expense.
Joseph Bramante
What is stopping you from investing in multifamily?
30 September 2017 | 187 replies
Con, upfront cost. can be complicated. risk of fines and jail time if you violate SEC rules, though rare.
Pawel N.
Tenants late on rent, have yet to pay this month
19 September 2017 | 13 replies
If you do want to evict, a partial payment complicates things.
Nathan Adams
Most Cost Effective Way to Re-face/Remodel a SMF Ugly Exterior?
24 October 2018 | 13 replies
This is my second building and I definitely do not put unnecessary money into a situation that does not pay dividends...
Cynthia Miller
Do you use LLC's for your rentals? pros and cons?
24 October 2018 | 15 replies
This entity does NOT generally file a separate federal return and all of the activity from it gets reported on your personal return and will undoubtedly also be shown on your state income tax return (depending on your state requirements, as some states have no individual tax return requirements).For IRS purposes (and many states) by default, a LLC that's owned by two or more people (except for husband and wife in a community property state), is usually taxes as a partnership and it has to file a partnership tax return.A LLC can also elect to be taxed as a corporation and even as an S corporation, but that's too complicated of a topic for this discussion.Even if you wind up having a Disregarded Entity, many states might have annual filing requirements (such as California, Texas, Nevada and many others).
Mark Anderson
Depreciation Owner Occupied Vs. Rental Am I On the Right Path
25 October 2018 | 6 replies
This is where it gets complicated.
Michael S.
Complicated Deal, need strategies!
27 October 2018 | 1 reply
My mother in law wants to buy a new house, i own 2 SFRs and would love to possibly partner with my in-laws (we have good relationship lol) with their old house to rent it out, and split the profit. or somehow get this...
Charles Wesley
Selling RE - how can I minimize tax burden? something like a 1031
30 October 2018 | 9 replies
I am just learning about DST however it seems like it locks up my funds and is complicated compared to what I am used to which is simply managing rental properties.
David Park
If a LLC has a portfolio loan, can the LLC be sold to a parent?
25 October 2018 | 2 replies
That might complicate things.
Philip Olivier
Should I hire a CPA?
28 October 2018 | 5 replies
@Philip OlivierYour tax profile is a little bit more complicated and such I think you should hire a professional(I am a little biased).Since you make $100,000 from your full-time job - you should be eligible to deduct the losses(if you have them) from your rental property so long as you don't have significant income from other sources including the short term rentals.