Nicholas Wood
Would you buy this 12 unit deal?
Would you buy this deal?I'm located in WV. 12 unit fully occupied (6 storage buildings on the property as well).4 units are 2 bedroom 1.5 bath, 8 units are 2 bedroom 1 bath Location for this area is B+/A-Total rental ...
Tucker Walser
Determining ARV of residential multi family properties
Hello!
I understand that when determining the ARV of a prospective property comps play an essential role, however in some markets determining the ARV of a residential multi family property has been a challenge for me...
Russell Mills
Is it possible to get a 401k loan to rent a home
I’m wondering if it’s possible to get a loan from my 401k to actually rent a home rather than buying
Shaun Hunt
A Simple Question, From My Daughter
Someone might relate to this and get a kick out of it.We started a family business, acquiring seven properties over the past five years. Since then my oldest daughter has married, my oldest son has graduated and move...
Ben Leybovich
Lowering Expenses Is Not an Efficient Value Add Strategy
Say you’ve bought a 24-unit apartment building that generates $24,000/month in revenue ($1,000 per unit). This is a value-add, and you think you can improve the rents from $1,000 to $1,400, which would equal to revenu...
John Prucha
Taxes for out of state LLCs
Hello everyone!
I recently formed an LLC in OH for a newly purchased duplex. I'm a little over halfway through the rehab and excited for my first BRRRR!
Being based in Denver and my question is: is it best practice...
Diego Mishler
Passive Income Tax LLC
So I was reading an article where they were saying that money received from rental properties for example is considered passive income. My question is, if I have an LLC which I want to own my rental properties and th...
Account Closed
Creating a corporation and BLOC
I am about to close on my first rental property. I am planning to create an S corp from the advice of a CPA. My question is, I've been searching for 5 tradelines for my new corp to get Paydex credit. However, I think ...
Kristen B.
CPA suggestions for the Tampa Bay area?
Hey guys,One of the properties we are getting rid of closes within the next 30 days. $360k will be capital gains profit and I need to find the best way to reinvest (flipping & buy/hold) without taking a huge tax h...
Sean Illman
Structuring your own property management Company in Canada
Im about to close on my first multi unit at the end of next month. I will be doing my own Property management at a rate of 7%. What is the best way to do this? Create company in my name ? Just claim the income on pe...