Harry Wiggins
How many llcs' for rental properties?
Hello,
i am putting my first multifamily deal together and it consist of three duplexes on the same street. Would it be better to own each duplex in a separate LLC or to put all three in one llc?
thanks
Lindsay G.
Writing off renovation expenses
Hello. I am almost done completing a half a million dollar gut renovation on a 2 family. I will be living in one unit and renting out the other unit. Am I able to write off the renovation expenses for my taxes? One C...
Armand Farr
Tax filings with properties in and out of LLCs
Hi BP - need your help with this situation:
- Properties A and B: Both were held by three partners in our own names individually (never held in an LLC)
- Property C: The last property was held in Acme LLC with FOUR,...
Matt Jones
How many showings should you average per offer when selling your house?
I had my house on the market from June - October last year and never got an offer that I was willing to take. I took it off the market for the winter and replaced the carpet, painted the outside(it's stucco) and did ...
Shane M
Owner Occupied 203(K)
Just curious if you ever heard of anyone successfully utilizing FHA financing for an owner-occupied flip. The 203K program is specifically for rehabs, but it is kind of a drawn out process. The intent is that you are ...
Joe Delgrosso
CASH OUT REI or 1031 EXCHANGE
Investor background: Buy and hold investor in south east. I currently have a small portfolio of 6 investment condos/puds that cash flow. Next goal is to get to 10 within the next 2 years. Current situation: We've been...
Jeremy Fox
Need Help on Long Distance Investment
Hi BP,New investor here from SoCal. I currently am closing on an investment property (duplex) in the Midwest, Illinois and at the same time closing on a house hack property in NorCal. Does anyone have a real estate at...
Mick Harvey
Multiple units, multiple LLC's, multiple bank accounts, who pays the R&M?
Getting to the point of multiple LLC's, owning units, which have back accounts linked to them. We have an individual that is our PM, no company, working for us. Question: who or what should pay the R&M costs. If w...
John Mazzella
Is it important for tax accountant to be local?
Hi BP,
I am an out of state investor and looking for a tax accountant to provide some advice on how to structure my operations and file my taxes next year. How important is it for your CPA to be local to your propert...
Julio Gonzalez
Understanding When to Use Bonus Depreciation and/or 1031 Exchanges
They always say that there are only two things that are certain in life - death and taxes. However, that doesn’t mean that there aren’t strategic ways to lessen or defer your taxes! As a real estate investor, it’s cru...