Blake Reynolds
Tenant Water damage issue
HI all, Here is my question/concern. I currently own a town-home which I live in and rent out the 2 spare bedrooms. Recently one of my roommates flooded the toilet in the upstairs bathroom and now there is damage to t...
Roland Brown
Planning purposeful networking
I’m posting a question I asked Whit Ewen, along with his response. I appreciate his feedback and welcome additional thoughts.
I have heard about the importance of networking and was planning on building my network...
Kenny Boyd
Turbo tax / QB and depreciation
For the BP crowd using Turbo Tax and QuickBooks, how do you keep track of real estate depreciation for investment properties? Do you enter it manually or let TT do it? Or other?Thanks BP
John Hyatt
1031 Exchange Questions - trying to figure out why or how to use
Hello, I am a newbie when it comes to 1031 Exchanges, I have a couple of questions. I have always heard about them, but don’t really know anyone who has done it successfully. Here are my questions: 1) Can you have mor...
Mike Ry
Forming a Series LLC under a SD IRA or 401k?
Considering setting up a (TX) Series LLC under my self-directed 401k trust. Has anyone done this? I set up a series LLC last year, to handle my rentals, where I am the sole member. I'm wondering if there are wrinkl...
George Adkins
S Corp, LLC? For Realtor
Hey hey! I am a new Realtor in the Bay Area, California. I have heard that it is good to get a LLC or S Corp as a realtor. Currently, I have neither and I need to get that changed. So I was wondering if anyone had any...
Andreas W.
Tax question about cost basis caculation for rental property
For the first time I started the acquisition of a SFH in one year and closed in the following year. In 2015 I paid inspection fee, loan origination fee, and appraisal for a property I closed on in 2016. I understand t...
Michael Botha
Tax incentives for investements agriculture vs multi family
We are interested in diversifying our investments and investing in the live animal production agricultural sector in MT and or surrounding states. We are presently considering cow/calf live stock production with the ...
Chris Cabanilla
Tax question for Joint Venture Rehab for SFR
I’m in a situation where my in-laws and I have agreed to split profits upon the sale of their house in Orange County, California. I would put in the rehab money to renovate their house. And upon the sale of the house...
Jeffrey Townsend
Pre Foreclosure list
Where is the best place to find Pre-foreclosure lists? I have been using Zillow, but have not had too much luck. Thanks!