Michael Morrongiello
Need Solution to KEEP someone IN their House + Plus GET CASH to settle obligations
23 August 2024 | 11 replies
It seems like another option here would be some type of 'life estate' type arrangement....instead of death it would be kids being a certain age.If for example you could buy sub2, and pay the husband $550K now.
Allen B.
Is outsourced maintenance a thing?
20 August 2024 | 18 replies
So the asynchronous nature of tenant requests, coupled with trying to get them handed out to the right handyman, plumber, etc, are driving me insane.Is this something that can be outsourced without going to a full 3rd party property management arrangement?
Ruben VanDusen
What's The Point
21 August 2024 | 73 replies
I made arrangements to fly to Charleston from Portland Or for the sole purpose of Meeting this new Banker and showing him all the projects we had done there.
Kenneth Soles
Buying an occupied house at tax sale. Dealing with occupants
21 August 2024 | 22 replies
I want to give them some time to find other living arrangements or even perhaps considering renting to them.
Rusty Scott
Tax Treatment of Agent Commission on Own Purchases
21 August 2024 | 28 replies
It's hard to say Russell, because we don't have an arms-length arrangement when the buyer is representing himself/herself as agent.
Gaurav Vedi
How to create LLC/Scorp structure for Rental properties
21 August 2024 | 7 replies
Each LLC can have a separate agreement, but the IRS will scrutinize this, so keep everything above board to avoid issues.Tax Implications: This arrangement could allow you to shift income and claim home office deductions, but it needs to be done carefully to avoid triggering any red flags with the IRS.Renting a Car to Your LLCs:Renting your car to your LLCs can also offer some tax benefits, such as shifting income and potentially deducting expenses like mileage and depreciation.
Brian J Allen
Boommates: A New Housing Trend for Older Adults
18 August 2024 | 2 replies
However, few realize that the high cost of housing and related expenses may bring them back to shared living arrangements in the future.Is this a good thing for individuals and society?
Justin Deshaies
Tips on how to setup a property with a partner
17 August 2024 | 7 replies
I would also make sure that he doesn't sell his part for at least 3 years.What do you guys think of this arrangement?
Heather Watkins
State LLCs go in a WY holding LLC. How does the purchase process look from there?
17 August 2024 | 2 replies
In my past professional life I worked as an attorney for a hotel development company that owned over 1B in assets yet as a company we did not feel the need to utilize entity structures nearly as complexed or convoluted as what you arranged.