Clifford Pereira
Real Estate Professional (REP) Status guidance
23 January 2025 | 6 replies
This is a separate concept and does not replace the 750-hour requirement for REPS.
Tony C.
Filing a 1065 Partnership return Husband/Wife vs Schedule E
19 January 2025 | 42 replies
If we file 1065, do my husband and I need two separate k-1 or we can have the same k-1. thank you.
Cody Ford
How do you know when a house is too old?
6 January 2025 | 5 replies
The property does have heated radiators through out each unit. everything is separated for each unit electricity, gas, and window units in each property.
Rafael Valdor
Renting out my townhouse: DIY vs. PM vs. Realtor
11 January 2025 | 14 replies
Property management is a separate license in Alberta.Correct.
Kenzer Hodgson
LLC or Umbrella policy
8 January 2025 | 14 replies
The reason you see a person’s name and all their entities listed in a lawsuit is because Plaintiff (the suing party) attorneys have to list everyone and every entity that can be remotely tied to a cause of action, otherwise, if enough time passes and through the legal process discover that a separate entity or just a person was truly liable and they didn’t name them in the lawsuit, they are out of luck.
Steve R.
Evicting tenant who's made partial payments. Do I need to give them 30 day notice?
18 January 2025 | 3 replies
As soon as a tenant fails to pay rent, you can file a complaint without waiting 30 days or issuing a separate notice (unless your lease requires one).That being said, it could be a waste of time/fees to run to court because tenants in NJ may come even on rent (even after you win the eviction case) and then they won't be evicted: “The tenant shall have three business days after service of the warrant for removal to pay all rent due.”
Mike Conner
Investor wants to trade properties - seeking advice
12 January 2025 | 2 replies
My duplex - built 1989, 2,060 sf, 2 bed/bath, 1 year old roof, value if I subdivide (county already approved) and sell each separately $150k each ($300k total)Investor duplex - built 1995, 2,300 sf, 2 bed/bath, 5 year old roof, value around $310kThe investors initial request was for an equal trade and they would pay realtor fees, which I replied wouldn't be equal due to buying/selling costs (recording fees, title insurance, closing fee, survey, inspections, loan fees, 1031 fees, accountant fees, repairs), taxes would increase due to new sale price, I'd trade a 3.75% mortgage for a higher one, and I'm on the 10th year of a 30 year loan so resetting that to a new loan would restart amortization and pay more towards interest.
Stephanie Menard
Expensive lesson by leaving one clause out of rental agreement
19 January 2025 | 41 replies
I don't rent furnished and others may be able to point out where this is flawed, but I would consider renting the furniture SEPARATE of the unit because that may allow you to collect a deposit on the furniture.
Briar Blake
Property Managers Violated Contract
25 January 2025 | 13 replies
I see two separate issues.1.
Jim Stanley
Anyone invest with a hard money lender (lend to them to get interest)?
25 January 2025 | 5 replies
this is the distinct different between being an actual lender like a bank .. and an investor in a fund.. two very separate transactions.. when you lend and receive collateral on the asset you get paid when it pays off or the borrower refinances etc.