Abe B.
Bank Accounts + Landlording
21 March 2024 | 6 replies
I have been told to use Baselane so that they can ACH transfer for free, and that baselane also gives me 4.5% APR for my money saved there (i.e. security deposits, etc.)However, I don't like Baselane's withdrawal limits, and also how long it would take for baselane to transfer money to my primary checking accounts, at JP Morgan.
Account Closed
What is an overhead and service fee for work performed?
23 March 2024 | 3 replies
No one works for free
Daniel A.
Schedule E or Schedule C?
21 March 2024 | 3 replies
Unless you provide substantial service (more hotel/motel like), the short term rental should be reported on Schedule E.
Michelle Mayfield
Which states/markets would be the best to do seller/owner financing in and why?
22 March 2024 | 3 replies
You can absolutely use a credit repair company to challenge everything on your report.
Jenny Scott
Is investing 200k new builds a good idea around Birmingham Alabama?
23 March 2024 | 10 replies
If you have any other questions, feel free to DM me!
Todd Powell
Question: Can you take two different LLC names and do 1031?
24 March 2024 | 19 replies
If I understand your situation correctly, you could structure a Tenancy In Common (TIC) deal where each of the separate LLCs owns an undivided interest in the replacement property, as tenants in common.These deals need to be structured properly and you need to have an attorney familiar with 1031 exchanges involved to make sure it's done properly.Also, if there is a lender involved, that can complicate the matter as well.It's definitely doable, if you have the right professional help while you're doing it.Feel free to write if you have any questions about this.
Chris Dawson
Cost Segregation - First Investment Property
23 March 2024 | 14 replies
Cost segregation companies offer free cost/benefit analysis quotes to help you decide how beneficial the study will be for you.
Alan Phan
Purchasing 2nd home as an investment for parents - suggestions/advice needed
22 March 2024 | 4 replies
Are you reporting the income?
Christine Garnier
Broker Not Responding - Birmingham AL
22 March 2024 | 5 replies
I agree, report it to (1) the local MLS where it is supposed to be listed, (2) the local real estate board and then if you still don't have results, (3) is the state board.