DJ Brooks
Need help with a subject-to land trust or LLC
15 February 2024 | 10 replies
Just an extra layer for the lender to unfold.
Pandu Chimata
Getting rid of smell
15 February 2024 | 42 replies
We typically use Kilz on all the floors to mask the smell as well before putting anything new down (assuming you are going to carpet or put planks down).
Justin Johnson
My First Rental Property Freak Out
15 February 2024 | 72 replies
As I was masking off the floors to start painting, I got hit in the face with with overwhelming ammonia smell from that corner.
Alexander Rodriguez
Pet damage from tenant. Please Help!!!
14 February 2024 | 2 replies
If animals have been peeing on the wall or floor, there should be a massive mold + stain under the outer layer.
Socrates Jean-Baptiste
2 family to 3 family conversion Haverhill ma
12 February 2024 | 14 replies
We had to provide the building inspector with the (Contego) intumescent paint specifications along with our plan for meeting the spec to achieve the 1-hour fire rating (3 layers as I recall).
Walt Viera
Which Business model is Best
12 February 2024 | 4 replies
Owning directly, owning in a Single Member LLC in any state, owning multiple single member LLCs, owning layers of LLCS....in all of those cases, the tax results just flow straight to your personal tax return and are reflected there.
Joe Trampel
Seeking Advice on Structuring Real Estate Investments for Growth and Tax Efficiency
11 February 2024 | 2 replies
This family member is also approaching the age for required minimum distributions (RMDs) from retirement accounts, adding another layer of financial planning to consider.The PlanMy lender has indicated a need for approximately 30% equity in the deal for construction financing, urging a strategy that keeps the balance sheet lean at acquisition.
Justin Goodin
Preferred Equity 101
10 February 2024 | 2 replies
📈 Preferred equity (PE) is the layer of a capital stack that sits in between common equity and the senior debt (or sometimes Mezz).Since we always read the capital stack from the bottom up, we can see that senior debt is always paid first, then preferred equity, and then finally common equity.Often PE investors are providing a large chunk of equity, and therefore, want to get paid first (preferred position) before the common equity.By getting paid first, the PE provider is in a less risky position compared to the common equity investors.✔️ Important: PE is interesting because it has characteristics of both debt and equity.
Caroline Gerardo
Many Times I Said Don't Waste Your Money on LLC Vesting. Now this:
11 February 2024 | 30 replies
Holding a home in joint tenancy with a spouse, the surviving spouse retains the original cost basis on 50% of the home instead of getting a step-up in basis on the entire homeIf you own a home with your child as joint tenants, your child will only receive a step up in basis on your half of the value of the home when you die, this is another complex layer...
Diego L.
LVP. Glue or click on
9 February 2024 | 15 replies
Slab concrete, currently carpet in bed rooms and vinyl on floor, But not LVP,...lI am aiming to purchase for 12 mil wear layer. 3mm thickness.