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24 April 2019 | 6 replies
I, personally, would like to grow my business and at the point I am at, I basically need to start a property management company to accomplish this.Seems like a win-win scenario if properly structured.Any input would be greatly appreciated.
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29 April 2019 | 4 replies
@William Goodlett I'm not a CPA (so consult yours), but if you have a single-member LLC, the LLC will be considered disregarded anyways and everything will fall on your personal Schedule C (for the business), or Schedule E (for the real estate).
29 April 2019 | 8 replies
The next step is to properly serve the tenant.
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1 May 2019 | 25 replies
I don't see an issue, It's her land let the neighbour put the fence on the proper property line.I don't see why people get into pi**ing matches over something that does not belong to them.
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23 May 2019 | 9 replies
My first property was also last year, and am hoping to complete the purchase of the next two before the end of June (this is the deal in question).My goal is 2 properties per year... so after June I will use the remainder of 2019 to sit back and monitor, refine housing policies, maybe take a RE course, move to e-docs lease signing... basically just come up with ways to automate and make things easier for myself moving forward (since I also have a semi-demanding FT job).
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1 May 2019 | 3 replies
Even with an LLC it'll go through your personal taxes on a schedual e.
27 April 2019 | 2 replies
(my target is at least $500 net after all proper reserves per home)Do you see any major strategic flaw in this plan?
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27 April 2019 | 7 replies
Sale 7 properties (some with liens/ some without) to the same person at the same time.Place all left over proceeds with the proper 1031 agent ( closing attorney).Use all the left-over proceeds as a down-payment for a much larger complex (will be identified prior to sale).
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27 April 2019 | 3 replies
A lot of companies can’t answer that question.When they can’t answer that question, in my opinion, they have not properly defined their strength, and don’t understand what competitive advantage they can deliver to their investors.
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28 April 2019 | 11 replies
There isn't enough information to give a proper assessment.