Donna Johnson
BP Rent Estimator
21 June 2024 | 2 replies
Entering an address for a multi unit, are the results that come back for total rent on both units, or per individual unit?
Florencio Nayve
Best areas in Alabama for rental property appreciation
21 June 2024 | 30 replies
You can obviously find individual deals just about anywhere, but these are observations of the places as a whole
Jeffery Speck
New LLC Tax Structure Question
21 June 2024 | 11 replies
By default, a multimember LLC is taxed as a partnership.There is an opportunity to be taxed as a corporation(C or S) if proper elections are made.Just a reminder that an LLC is required to file a partnership by March 15 of every year.The partnership will generate a form K-1 that is required to be given to each member which is then used to complete their individual tax return.
Brian Williams
Buying land with owner listed as "ABC Inc Profit Sharing Plan" -
20 June 2024 | 3 replies
The selling realtor is telling me to put seller as the name of an individual (the individual and his wife are listed in the CAD contact address as a "trustees" but only as contact address, not as owner-the corp is the owner).
Ryan Fox
Form an LLC to manage property for first rental unit?
22 June 2024 | 8 replies
If all they can find is the property in the LLC, it may not be worth the additional hassle of trying to force a sale of the property to collect on their judgment.So, they’ll research who owns the LLC and what assets that individual has.
Tyler Prosser
Combining Section 121 and 1031
21 June 2024 | 6 replies
@Tyler, when individually appropriate, for investors who have a need for immediate cash, we've also refinanced the property modestly (20-30% LTV) to provide mom/dad with the cash to bridge the two-year gap.
David Ounanian
How Is A Series LLC Used In Real Estate Investing?
20 June 2024 | 2 replies
.- Flexible transactions make it easier to sell, transfer, or refinance individual properties.Considerations- State variations mean that not all states recognize Series LLCs.- Management complexity necessitates careful documentation and legal compliance.- Lender familiarity issues arise as some lenders may not understand Series LLCs, thereby complicating financing.A Series LLC offers a streamlined, protective, and flexible way to manage multiple real estate investments.Thanks,
Ade Akingbade
Tenant Screen - Need Advise
21 June 2024 | 14 replies
Generally you can weed out many individuals based on income, credit, employment history, previous residences, and overall behavior compared to other candidates.
Caleb Norville
Remote Deposit without Scanner or Phone?
20 June 2024 | 1 reply
Instead of using the check scanner and scanning the physical checks individually.
Nathan Waters
Profit and Loss Statement on Rental Properties.. Mortgage?
21 June 2024 | 11 replies
I currently have 5 mortgages but have not been great at keeping track of the details such as costs associated with each individual property.