Mike Hanneman
Taxed as a Sole Prop.
I have a Sole Prop. set up with an EIN number. I have a duplex under my name only, does it matter to file taxes under the sole prop. or just a schedule E on my personal return?
Chris Paul
Security Deposit Owed if Never Received?
Hi all,This is a strange situation that I'm hoping someone can give me a sanity check on:I purchased a home last year from a well-known company in Chicago that was forced to close earlier this year. The home was occup...
Bruce Chenowith
Tax question on personally owned building used in partnership
I bought a building personally that is being used in our partnership. The building is used for softball batting practice, lessons, camps, etc. I understand the basis rules for depreciation (lower of cost or market)....
Sheen Jowl
tax implications when moving properties into LLC
Hi BiggerPockets,I wonder if anyone has experience in moving properties from personal name to LLC. The properties stayed on my 1040 Schedule E for a few years and have accumulated loss when depreciation is included. H...
Alex Atie
Planning on bidding in an auction (please advice) first time
I pulled up a title search from PropertyShark. It returned quite a lot of information, would be great if i can get some advice on this property.Under Title History, there are quite a few dates, 7 in total, dated from ...
Sean Robertson
LLC to run your rentals through ?
New to BP. While networking I meet a realtor that said he started a LLC to run all of his long term rentals though. Any thoughts on this? Would it be wise to do for short term rentals as well?
Thanks
Robert Steele
Pricing for sale when there are no comps?
We've always had nice slow and steady residential market here but this year it has gotten quite quite batty.
I am selling a house in a hot neighborhood and am puzzled about what price to ask as I don't have any MLS c...
Uri E.
Preferred method for collecting monthly rent
Looking for advice on how to collect a large move-in sum and then monthly lease payment, considering each method has its limitations and restrictions. For example, Zelle has a daily limit of $2,500, AFAIK.Thoughts?
Simon Gill
Grant Deed with County (CA) Trigger Property Reassessment?
I'm adding my brother to the property deed through a grant deed. I purchased this property back in 2011. My name will still remain on the property deed now will this recorded deed with the County trigger a property ...
Joe E.
LLC & Series feedback
Wanted to get some informal BP feedback on legal entities, and realize this is not legal advise. I wanted to learn more about setting up legal entities for REI. After finding a mention of a law firm which specialize...