Jason R.
Banks willing to open accounts for a cell in a Series LLC?
27 August 2024 | 18 replies
Banks don't do sub-accounts unless they are very large, like Allstate Claims Division, which is probably a subsidiary.
Meagan Thomas
Wholesalers in Columbus Ohio and surrounding
29 August 2024 | 6 replies
I focus on DTA cold calling and would like to expand.
Patricia Andriolo-Bull
Occupancy rate calculation
29 August 2024 | 9 replies
Yes, that's how I look at it (but quarterly as well as annually since we have such a seasonal market, I like to look at same quarter over quarter).
Tadas Bendaravicius
How To Protect Yourself From Lead Law When Acquiring New Rental Property
28 August 2024 | 7 replies
It's best to delead when the units are vacant to avoid extra costs like hotel fees.In the case of a property transfer where a child under the age of six will reside in the property, the new owner is responsible for bringing the property into compliance on or before 90 days of the transfer of ownership.
Fred Bagirov
STR in Cleveland, OH
30 August 2024 | 6 replies
But I like that area and think property values will be worth a lot more in that neighborhood 10-20 years from.
James R.
Beneficial Ownership Information Report for U.S. Government
29 August 2024 | 8 replies
Like others have said, easy to do yourself or have your CPA do it.
Salvatore Spano
BOI (Beneficial ownership information)
28 August 2024 | 11 replies
The individual merely acts on behalf of an actual beneficialowner as the beneficial owner’s nominee, intermediary,custodian, OR agent.Note: Individuals who perform ordinary advisory or othercontractual services (such as tax professionals) likely qualify forthis exception.
Rick Pozos
Who said rents never go down?
29 August 2024 | 4 replies
We have only invested in a few states, and there are something like 3,200 counties in the US.
Mike Shahi
New construction/capital gains/death of parent- need tax advice
29 August 2024 | 4 replies
Your dad can still claim the $500,000 capital gains exclusion if sold within two years of your mom’s passing and benefit from a step-up in basis, likely resulting in no capital gains tax.
Neal Daftary
First-Time Investor Seeking Advice on Purchasing an Old (1930s) Duplex in Texas
27 August 2024 | 6 replies
Here are the details of the property:- Leased until July 2025: $1400 and $1450 per unit per month- Built: 1930's- Zoned O-2Information in the Rental Report:- Vacancy rate: 5%- Purchase Price: $310,000- Repairs and maintenance: 7%- CapEx: 5%- Property tax: $3,600 per year- Insurance: $2,400 per year- Roof: Broker mentioned it doesn't need immediate attention but will likely need replacement soon (~$15,000).- Cash flow: The report shows a $177 monthly cash flow.- Condition: The house is completely renovated.