Here's a handy timeline chart that I used yesterday in a post to show where an expense should be allocated depending on where you are in the process.There are a few other caveats regarding business trip deductions and start up expenses that you will want to talk to your tax professional about as well. 

I'm sure we will need to speak with a tax professional about the best way to structure this to benefit the both of us.

Hello everyone,I am in search of a strategy that will allow me to use my current network of professionals who are directly related to RE investing.

My phone not ringing and blinging so much sure is nice though!

Time to make some phone calls!

I am not a broker, lawyer, or professional giving legal advise, but from experience if you place that new property into an existing LLC and somebody sues that existing LLC for something that doesn't even have to do with the new property that new property could be part of that legal action as well.

Getting it professionally inspected is a must!

You can see the images from your phone or tablet.

As a design professional but not a licensed architect I know that in Tennessee I can legally design any residential dwelling as long as it is no more than two units.

So just completed a home/termite inspection on a duplex, found termite residues (State of NC defines it as active termite infestation), there is minor noticeable damage on the shoe molding on the floor but no signs of wear and tear on the wall but I nor the inspector cannot tell without ripping apart the wall how bad the infestation is- the seller is willing to pay for a termite extermination but my concern is how much damage these termites have already done on the inside of my walls that I cannot see- is there a termite expert professional I can hire to inspect the home more in depth during my due diligence period or anyway for me to get a peace of mind for this matter?