I'm a new investor. I live in the Chicago south suburbs. I currently have one investment property located near my home, and it's in my name. I'm looking to buy more and I want to look in the northwest Indiana area....
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How does one set up a real estate partnership so if that partnership eventually sells, each member can 1031 exchange their individual share at a future sale?(It is my understanding that typically partners cannot 1031 ...
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So for anyone doing are work or are full time maitnenece guy. He does the work and bills us after the job is done. Should i have him bid it out and then have him do it. OR whats the best way to do this? I would like f...
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OK, I admit it, it's October and a little late in the year for making a new years resolution happen, but now then never. It's time for me to take my book keeping to the next level. When I was going through my tax prep...
Hey all. I'm new here but I've been reading your posts and learned a lot. So my parents and I have been buying and renting out houses for about three years. I like to set my rental prices in the middle of the market...
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Can anyone give me information on structuring my business? Details below:Interested in buy and hold, HML, JV of SFR and MFRFamily investor is passive and only interested in ROE to supplement retirement incomeI will be...
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Hello there,
I am asking these questions on behalf of my father who is close to retirement as a GP in Europe.
The house he lives in/has his practice at is paid off.
He has made some rather large/costly mistakes wit...
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Hello BP,
I recently purchased a duplex in Pennsylvania and am planning to put it under an LLC. (I am aware I should have set up the LLC before hand) I have received a lot of conflicting feed back from the research I...
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I own a lucrative STR double (license requires homeowner to live in one side). Property has been generating $45k net income/yr. The weird thing is that appraisers will only value the house at market value and not take...
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I received an inquiry from someone wanting to view a 1bed/1bath apartment with 452 sq.ft. It's very clearly labeled and described, plus the pictures make it clear that it's a small apartment. Here's the kicker: her an...