
29 June 2024 | 4 replies
I finally received a demand letter from a "nonprofit attorney" representing the tenant, claiming that the tenant was living in uninhabitable conditions—typical for a non-paying tenant, I guess—and now she wants to "renegotiate" the rent and keep living in the same space.She has been filing complaints with various government departments, but all the cases were minor and have been closed.

1 July 2024 | 13 replies
We wanted to still be able to stay at our house when we are in town for convenience sake.

1 July 2024 | 2 replies
Agreed with Account Closed - putting real estate, or a real estate partnership - within an S-Corporation provides effectively no value, while creating significant headaches and tax consequences.The only real benefit left for an S-Corp is partial shielding of employment taxes - but a rental property already doesn't produce any self-employment taxes, so the one benefit already doesn't apply to the rental.Then you have problems with not getting basis in the debt of the property, having a lack of flexibility on future structure, issues with distributions in excess of basis...just nothing about it is good.If the Partnership hires a property manager, and that property manager ends up being your S-Corp - great, now you are perhaps better managing your exposure to self-employment income as a result of these property management fees.Â

1 July 2024 | 13 replies
We would then bake that charge into the guest's stay.

30 June 2024 | 4 replies
Hi BR Community,I just closed on a duplex property using a DSCR loan with a 8.625% in Cleveland, OH.

1 July 2024 | 16 replies
do not forget - can I borrow for the closing costs as well?

30 June 2024 | 28 replies
They are more concerned with closing out issues than they are with getting multiple bids to get the best contractor for the job.

28 June 2024 | 1 reply
This approach allowed us to proceed swiftly and efficiently, ensuring the project stayed on track and was completed without delays.