Jane S.
How do you collect rent if you have roommates
Just wondering how to avoid hassles collecting rent if i am renting to 4 roommates? Also do you require them to pay for professional cleaners on a regular schedule so the property doesnt get trashed?
Sandy Uhlmann
Is dealer status avoided if real estate activity is done using a self directed IRA?
I recently set up a self directed IRA through Midatlantic. I was wondering if I use my self directed IRA money to wholesale properties, does that avoid the dreaded dealer status? One of the Midatlantic reps suggeste...
Chris Masons
1099 reporting confusion. Question for Tax Gurus
Ok, now I am really confused, last week there was a discussion as to if just a landlord receiving passive income (rental income) was required to issue 1099s and the general concensus was since they were not operating ...
Donald F.
Can multiple partners use depreciation to offset active income?
If my brother and I hypothetically invested in an income producing property together, would only one of us be able to claim material participation in order to allow us to use bonus depreciation to offset our active in...
Charles Kappe
HELPPP!! Fair Housing Act, Americans with disabilities act
I am having some issues with the township and some surrounding neighbors and wanted to see if someone could help. I own a recovery/sober living house. 10 members live in the 5 bedroom home unrelated. The township is g...
Jenna Meditz
New Development - Building Townhomes - Where to start?
We are currently under contract on a piece of land where we can build 6 attached units by right. Initially, our thought was to keep all of these units on one parcel, held in the name of our LLC, as our strategy is to ...
Nancy D.
Landlord and Tenant agreements after ownership changes into LLC
Hi,I'm considering deeding my investment properties into individual land trusts, and then assigning my beneficial interest in the land trusts to individual LLCs to provide asset protection. My real estate attorney ha...
Bob Malecki
Georgia licensing requirement for purchasing notes?
An associate forwarded the following info about Georgia licensing requirements for note buyers. Based on the language it seems that an individual would be exempt since it is "solely as an investment". I'm not clear th...
Beau Larson
LLC owned property licensing requirements
In the state of CT, is it required for an LLC owned property to obtain a Real Estate/ or Required licensing to rent out units? (Other than Certificate of occupancy, of course) Some websites are stating someone in the ...
Kevin Stablier
Rehab Permitting
Hi folks!In my jurisdiction, and I'm sure it's common in most others as well, any rehab over $50,000 in cost requires permitting and a contractor's license if your are legal entity. If you are filing as an individual...