Daniel Judge
Running into tax issue stemming from budding partnership
I was recently approached by a fellow investor who is looking to partner on a deal where he puts in all the money and I earn equity and cash flow by putting in sweat equity (running the property as a short term rental...
Michael Oliver
LLCs: The big 3 or your home state?
I have purchased a primary residence that I will turn into a rental in Michigan. I plan to do deals throughout the country though.
Should I register my LLC in the famous 3 of Delaware, Wyoming or Nevada? Or stay i...
Jennifer Thomé
AZ / TX / CO / CA - which is best?
Hi all! We’re looking at investing $1.2MIn Phoenix, AZ, Colorado, Austin, TX, or Apple Valley, CA.4 family members have chosen these areas for various reasons, and we need to make a decision. Would love your input! An...
Charlton Zang Jr
Using and old IRA account for financing
Is there someone that could give me some advice about using and old retirement account as start-up capital?
Jessica Flint
How do I avoid paying taxes on inherited properties
My parents have been working on setting up their living will. I will be inheriting their two houses but I wouldn't want to keep either as a rental. I'd probably, most likely, do a 1031 exchange with both of them. W...
Justin Sumulong
Question regarding security deposits in Chicago
Okay, I'm flipping sides and asking a question regarding my security deposit for a rental I am moving out of in Chicago.A couple months ago, I asked our landlord if we could move out sooner than the lease end date. (l...
Brian Kimminau
Roused from Paralysis Now Hopeful Wholesaling -Join Me Now!
I’m dealless in Detroit, a real caution in Auston, a sad santa in atlanta, a harlot in Charlotte, a used kleenex in phoenix, etc… I’m without a deal so far. But that’s totally OK. Great! I have a path and a goal and a...
Mindy Jensen
Iowa Security Deposit Question
A friend has a rental in Iowa. Carpets were about 6 months old when the current tenants moved in 2-1/2 years ago and in great shape.Since you're a landlord, you can already guess they are moving out and the carpets ar...
Grant Greenwood
Capital gains on partial release
Hi all,I have a two property portfolio under contract. The properties came in a package deal although I only intend to keep one of the two. I am confident I can find a buyer for the unwanted property but I want to mak...
Joe Lee
LLC question - month to month tenants and cash tenants
We just recently created an LLC for a rental property that has some month to month tenants. Will this be a problem? Do I need to create a formal lease where the LLC is named as the building owner, or is it okay to kee...