Jason Hanson
Getting started with property managing
3 September 2024 | 17 replies
Don't get too caught up in it however, as a lot of them have APIs to transfer properties over if you want to jump later on.Food for thought: some of these platforms have a minimum for units.
Mei Zhu
establish LLC after receiving an offer
1 September 2024 | 9 replies
Transferring an asset to an LLC is possible, but as mentioned, it could trigger a Due on Sale clause if you have a mortgage.
Brian Williams
Single Family residence buy and hold investment
29 August 2024 | 0 replies
With its inviting curb appeal and well-maintained landscaping, 17 Penny Lane stands as a testament to both style and practicality.Upon entering, you are greeted by a warm and welcoming atmosphere that flows seamlessly throughout the property.
Brian Smith
30 Day Notice
1 September 2024 | 2 replies
I told the tenant that I will be allocating their last months rent, that was transfered from the prior landlord, for the month of September and served the tenant a 30 day notice to quit (no cause).
Zane Cress
1031 Tax Question
2 September 2024 | 7 replies
For tax purposes, the IRS sees you and your LLC as the same entity, so transferring the title to your personal name typically wouldn’t affect the 1031 exchange deferral.However, to maintain the tax benefits associated with the 1031 exchange, it’s important to ensure that the property remains a rental and continues to be used for business purposes.
Henry Le
starting out with a single family rental without an LLC
2 September 2024 | 11 replies
@Henry LeAn LLC is still useful even if you don't transfer the property.
Ashley Dewees
Hopeful Investor in the Cincinnati/NKY area
2 September 2024 | 7 replies
Here is what Gemini AI says, better put than I can:Land Contracts in Kentucky: A Brief OverviewA land contract, also known as a contract for deed or installment sale contract, is a type of real estate purchase agreement where the seller retains title to the property until the buyer has paid the full purchase price, typically in installments.Key Features of a Kentucky Land Contract: Conditional Title Transfer: The seller maintains legal title to the property until the buyer has fully paid the purchase price.
Johana Villamil
Need more cash to finish rehab
30 August 2024 | 21 replies
Your current credit cards are always running promos for balance transfers.
Natalia Davis
My roommate paying me for the room, is considered income?
31 August 2024 | 7 replies
You can collect the money in many ways, I have tenants pay using secure ACH transfers using apartments.comI would declare this income because later on you may need the documented income to qualify for loans etc.
Zehua Zhou
As the solo 401k Admin, can Fidelity's account be sufficient?
30 August 2024 | 6 replies
One Fidelity rep says this account cannot be used to do ACH transfers, so I cannot use it to take rental payments from my property manager.