Demjan Van Der Kach
How to make a distribution from LLC correctly?
Hi everyone,I live in Phoenix, Arizona and have a rental that is owned by arizona LLC. I have a good problem - quite a bit of cash is sitting in LLC's business account and I would like to get some of that cash out. I ...
Ben Ashcraft
Agent owner willing to do land contract?
Is this what people are taking about when they say seller financing?
Owner agent says they will do a land contract with 10% down? Does anyone have experience with this? Is this pretty much seller financing?
Is this ...
Hal Cranmer
Mobile Home Investing in Minnesota
Hi Everyone,
I bought Lonnie's materials and started looking into buying and selling MH's here in MN. However, the first park owner I talked to told me that you have to be a dealer to buy and sell mobile homes. Sur...
Josh F.
Expensing vs. Depreciating Assets Under New Tax Law
I am getting a bit confused about what capital improvement costs for my real estate portfolio can be immediately expensed vs need to be added to my basis and depreciated over time. I am further confused by the concep...
Arcinio Arauz
another question about probate...
Would someone be kind enough to explain to me how escrow is completed when buying and selling a house while it's in probate. If I work with the PR of decendent's estate and I tie the house up via a buying contract, ca...
Weng L.
The community has only 2 units. Is HOA required?
I am buying a new construction duplex from a builder. However, each unit of this duplex has its own property ID (aka parcel ID or folio ID), so they are 2 properties technically, and they are called "condo" in the cou...
Darryl Dixon
Investing in Tax Deed and Tax Liens properties for beginners.
Hello, I’m Darryl Dixon. I’m new to investing In tax deed and tax lien properties . I have a few price quotes for some houses, I just a need breakdown on each step after getting the price quotes.
Larry Turowski
LLCs and S Corps, how much do you pay for tax prep?
I have an LLC for rentals and an S Corp for flips. Between cleaning up my books and tax prep, and filing my CPA charged me $1,200 last year and it may be more this year. I'm thinking it's just too much. I use Quickb...
Elias Barend Westhof
Buying a property with a tenant not paying rent
So we’re about to buy our first home. It’s a 4-plex in downtown LA. One of the tenants in the house has not been paying rent for several months, and owes $14.000 in rent. The person has not been evicted because of the...
Kyle Baron
How do I begin the eviction process?
Hello fellow members! I recently posted “To Evict, Or Not To Evict?”, and I have ultimately decided from
the responses to begin the Eviction process. How do I begin the Eviction process? Will an Eviction go on my ‘rec...