Lue C.
1031 Exchange on Multi-Family Syndication Deal?
Hi,I have invested in a multifamily apartment complex syndication deal. The Sponsors said when the Company (LLC) sells the property in 5 years, they would try to do a 1031 exchange and roll the proceeds of the sale i...
Account Closed
Tenants are escalating mold situation
My brother and I inherited a single family home last year and we also inherited a tenant. This July, the tenant complained about a leak that managed to seep through the walls and onto the floor from the attic. We had ...
Chris Kittle
Questions to ask on an 8-plex
Good morning!I have identified an 8-plex that I am strongly considering purchasing. This would be my first foray into multi-family of any kind and I want to be sure I'm not missing something. So far the costs that I...
Tom Harvey
Formalizing a Business
I own 2 pieces of property outright and am working on closing on my 3rd investment property. At what point should I form an LLC or something similar to help protect my family and my future investments? Where do I star...
Ana M.
Flipping houses... expenses. capitalized or deductible?
I am a real estate professional. (not passive activity).. I file jointly with my husband who is a doctor and has high income (500k/yr). I have LLC's for mostly flipping properties. I have only 3-4 rentals in my 3 L...
Scott Eisenmann
Problems with Answering Service
I recently sent out thousands of postcards to absentee owners and hired a very expensive, REI-focused answering service to answer the calls for me so the callers can speak to a live person instead of having to leave a...
Bruce Mac
Any tax professional recommendations in the SF Bay Area?
Looking for recommendations on a knowledgable tax professional or CPA with creative (yet totally legal, seriously) approaches to help me reduce my tax burden (which has been pretty crushing here in beautiful Californi...
Angel Clark
Joint tenancy or tenancy in common?
About to close on residential home we plan on living in. Bought with my family’s assistance for down payment. My significant other (SO) and I are not legally married and we file taxes separately and overall have our f...
Wade Stahle
Foreclosing on an owner finance
I have a bit of a difficult one. I have a gentleman that is owner financing his home. His "renter" is 3 months behind on his payments and can legally be foreclosed on in my state. He doesn't want to deal with it and w...
Toan Hoang
My tenants are complaining the apt smells like weed
New tenants are annoying the existing tenants cause it smells like weed. Its a class B building in a nice area. Never had this complaint before. Hate to piss off good existing tenants. New tenants are professional 20 ...