Hi. I renovated my rental unit structure with one contractor. Then I painted the whole unit and replaced all flooring, including the renovation, with two more. If the paint and flooring were each less than $2,500 o...
Hello,I am looking to purchase a property to rent out and construct an Additional Dwelling Unit to rent out as well, as a long term rental (more than 6 months). The city code doesn't allow me to hook up water, electr...
I realize from a business perspective you should completely separate real estate finances from personal finances with separate bank accounts.However, especially in the beginning, is it reasonable just to transfer in m...
We have a SFR and a contracting business. Questioning whether to run the rental property through the business or go with a separate LLC mostly for tax benefits personally and for the business-
Investment Info:
Single-family residence buy & hold investment in Westminster.
Purchase price: $382,000
Cash invested: $10,000
Contributors:
Craig Curelop
This was my first house ...
What "Formation" do I need to use for -my company- to be "taxed separately" from myself?
I have purchased a 4plex in San Diego a couple years ago. It is currently barely cash flowing, but the rents with the current tenants that came with the property are so below the market value. I have been raising the ...
I understand the basic protections afforded by the LLC, using a separate LLC for each property in theory provides the best legal protection against other assets. However, having separate LLC for each property seems li...
Really looking for some inputs. I am a first time home buyer and am planning to put an offer for a duplex which has two units separated by a wall. Both are 2bed and 2bath and currently the other unit has tenant. When ...
Wanted to see if anyone has some tips for simple and effective bookkeeping for buy-and-hold rental properties. Currently, I track net worth monthly on a simple excel spreadsheet (has columns for checking, retirement, ...