Roger Pokorny
Personal Information on a Lease Application
I am developing a tenant application and am a little uneasy asking for personal information. Many applications I reviewed while developing mine asked potential tenants for bank and credit card account numbers and bal...
Ramon Cervantes
Selling or holding my personal house
Hey anyone! I had planned to sell my personal house and use some of the money to put 20% down on a new home and the rest to begin my real estate investing (flipping). The house I planned to buy with the 20% down wo...
Wally Katz
1031 to personal residence (already owned?)
Have a semi complicated scenario I can't quite find the answer to. Managing member of an LLC that owns investment property (with a silent partner's equity). Would it be possible for the LLC to sell the investment pr...
Won Lee
Transferring Personal Rentals Properties Into LLC???
I recently bought two properties in my ow name. While I have a LLC I didn't buy in LLC as I wanted to get personal loan rather than commercial.
I'd it easy to transfer properties into the LLC?. Is a RE lawyer necessa...
Siva Guntur
Moving to an LLC from personal
I bought a 4 unit property on my name by taking a personal loan, wrote leases on my name and also procured insurance for the property on my name too.
If I now have to transfer to an LLC, what is the process involved?
Debbie Collins
Funding investment LLC with personal Funds
I formed an LLC to purchase a rental house. On the Business Privilege Tax form assets and liabilities are entered. Since these funds were not earned by the newly created LLC, is the money used to fund the purchase co...
Mark Gainous
Rags to Riches, Personal House Hack
Investment Info:
Single-family residence buy & hold investment.
Purchase price: $52,500
Cash invested: $15,000
Sale price: $100,000
Foreclosure - House hack. Purchased, and rehabbed over the...
David Duron
Personal vs. project costs - investor's perspective
What rules or guidelines do you use regarding what you can bill back to the project. I'm trying to figure out certain expenses and should they be categorized as personal or charged back to the project. Subsequently, r...
Jeremy Williams
ISO real estate savvy tax person
HI BP! My wife and I are looking for a new tax person that is well versed in the following:
1. 1099 Self Employed returns and W2 (we do both)
2. Real Estate Agent write-offs (California tax laws would be best)
3....
Missy Sherwood
Personal Residence Converted to Rental Property
Investment Info:
Single-family residence buy & hold investment.
Purchase price: $80,000
Cash invested: $2,400
3 bedrooms, 2 bathrooms, 1,750 sf.