Laura Renardo
Tax advice for partnership
12 February 2024 | 4 replies
Hey @Laura Renardo, I would advise you to meet with a tax advisor to get the exact answer, but here are some general guidelines: figure out the basis your partners are inheriting the property at, and then you can figure out the capital gains owed from there.
Jake Hill
LLC for liability protection
11 February 2024 | 7 replies
An LLC is useful for two things: anonymity and legal protection.
Beth L.
Questions--How to use a Property Management LLC as the "face" of my rental business
12 February 2024 | 12 replies
You can setup the PMC LLC with a bank account and run everything through that bank account.If these are all single-member LLCs and you remain the only owner, you can just distribute funds to each property LLC annually.You will need to have a management contract between the property LLCs and the PMC LLC.This is not legal advice, so be sure to confirm with attorney and CPA.
Sarah Stapp
Best cash out refinance lenders?
12 February 2024 | 7 replies
The best way to do it is to prioritize what YOU value the most and find the lender that also meets your needs.
Account Closed
Furnished Finder? Is it worth it?
12 February 2024 | 14 replies
They will either be a matched lead (your property meets all their criteria) or an unmatched lead (your property meets some of their criteria)- if a guest is really interested, they'll send you a message on FF.
John Hogg
Title error found after refinance
11 February 2024 | 9 replies
The DOT should have included the legal description of the property subject to the conveyance.
Kenn Kipchillat
Handling Taxes with International Airbnbs
12 February 2024 | 2 replies
Airbnb issued me a 1099-K tax form, indicating I meet the threshold for gross rental proceeds paid by guests.
Alex U.
Architects Adu fees
13 February 2024 | 15 replies
Are you talking full plans or just a site plan as they need to review elevations, put the adu at right entrance so the doors match entrance, they need to put plans together that meet code, coordinate with the civil, structural and MEP engineers.
Juan Barraza
Detroit michigan investors
12 February 2024 | 17 replies
I will shoot you a message maybe one day we could meet up and connect travis. and thank you for the advice !!!
Shannon D.
Question about Collecting Tenant Excessive Damages Repair Cost in Florida
11 February 2024 | 5 replies
Also, is it legally permissible to share information about the damages with their new landlord if they don't pay within a specific timeframe?