Kurt K.
Sex offender in rental unit in Indiana
Hi BPers,I have inherited a four-plex and come to find out one of the renters is a sex offender. He lives there with his wife. I have met them and they seem like nice people. Their lease expires in October this year a...
Nancy Miller
Psycho resident in condo -how to handle?
Does anyone know the best way of handling a threatening psychotic neighbor who lives in a condo building with you? Death threats were recently made against us and we have been harassed/threatened by this person a coup...
Demetri T.
SIMPLE IRA at Vanguard to be used as a Self Directed IRA
There are so many posts here that I don't find myself asking to many questions... This may be answered elsewhere but I am having trouble figuring out the thought process with it before I head to my CPA. There is a l...
Jonathan Roveto
Articles for Establishing an LLC for Real Estate + Investment
Hi all,I'm preparing to file Articles of Incorporation for an
LLC in GA for my rental properties. I plan on putting the properties
under the LLC via quit claim (I've talked to my lenders, who have OKed this).
I ...
Robert Sidenberg
Insurance Issue with Multifamily Apartment Building
We have multifamily property held in our family living trust. Our attorney advised us to be sure the Named Insured on our insurance policy includes our individual names and our family living trust as additional insure...
Asia Callier
Liability Insurance
Hi Everyone,Do I need liability insurance for my owner occupied 4 unit? Any insigh will be appreciated as I'm scheduled to close Thursday?! The property is not currently held under LLC, but I do plan to set one up...
Charles Schmidt
Partnership Question - How much of the payment affects your DTI?
Say I buy an investment property tomorrow with a partner and we split the down payment and equity 75/25 (75% him, 25% me), and the total monthly payment is $1,000. If I go to buy a new house hack property next year an...
Justin Summers
Dealer vs INvestor IRS classification
I own a Real Estate C Corp that Flips properties. I also own a construction/ design company that gets paid from the C-corp through a 1099 each year when I do construction or design services for the C Corp.
Averagi...
Alex Gordon
Washington Eviction help
It's time to do my first eviction! I purchased my second property in August, so I have inherited tenants and the old landlords lease. Tennant has not made February payment and has now stopped responding. I posted a...
N/A N/A
Capital Gains on Real Estate Held by an LLC
When real estate is held by an LLC of a husband and wife in a community property state, and then sold at a profit after being held for at least one year, does the LLC qualify for Capital Gains Treatment of the gain? H...