Brandon Holley
rental property inspections and licensing fees unconstitutional
From our Local MAREI team! The Southern District of Ohio, in Columbus ruled that the City of Portsmouth Ohio’s occupational licensing requirements imposed rental property inspections and licensing fees upon the landlo...
Wilson Davis
K1 possible incorrect? What to do?
I’m in a LLC partnership with 2 other people. The accountant who one of the partners has always used did our K1. We bought some lots, built two houses, and sold them. He put the income down as capital gains instead of...
Jay Patel
IRS Lien Clarification - Courthouse Steps Purchase
Hey all,I am interested in an upcoming auction at the courthouse steps. There is an IRS Lien filed against the owner. I wanted to make sure I understand what that means and was hoping you can help:IRS Liens recorded o...
Swat Khan
Purchasing the LLC?: TX Mobile Home Park Purchase
Question:1. Is it a good idea to buy a mobile home park by just transferring ownership interest of the existing LLC established in 2008? We will buy the LLC and transfer the entity using the Texas amendment (Form 424)...
Bill Quigley
Legal question on Lien
After our first flip (in Central Illinois), the contractor submitted an exorbitant bill and then a Mechanics Lien. I went the legal route and hired an Attorney. Now on Aug 1st my attorney submitted a Motion to Dismi...
Account Closed
Which late fee can I charge? (Error in Lease)
Just going over my lease and I realized I made a mistake on the section that addresses late fees. I have both a percentage and a dollar amount written that is to be charged but the dollar amount doesn't match the perc...
Vlad Selsky
Seek advice for a smoking issue
I'm the President of my HOA. We have an issue where marijuana smoke (legal in MA) is making its way to upstairs unit (which I own) and severely impacting the health and well being of my tenant. The downstairs unit doe...
Hamilton Yu
Haven't been claiming depreciation
What can I do if I did not claim depreciation on some years of my rental property ownership?Is there ever any benefit to not claiming depreciation?If I plan to own a property very long term, would it be more beneficia...
Roland Wiederaenders
New Regulation D Rule 504 Securities Exemption
Raise $5 Million From Non-Accredited Investors Under Amended Rule 504On October 26, 2016, the SEC adopted final rules amending Rule 504 of Regulation D under the Securities Act of 1933, as amended (the “Act”). This am...
Logan M.
Bad tenants can make you feel like you have been taken hostage
Yesterday, was the first day for a new hire I made. We visited six mobile home park communities, a flip with a lot split, and a 10-plex we are building.Throughout the day we had a tenant messaging us like a wild anima...