Scott McGrath
First experimnet with syndication.
Investment Info:
Small multi-family (2-4 units) buy & hold investment in Deltona.
Purchase price: $385,000
Cash invested: $130,000
Worked with 4 friends to buy a poorly managed quad in a stable a...
Brenda Akinyi
House with prior Fire damage
If a house had fire damage and an investor e.g. myself remodels and brings it up to code, when I flip, do I disclose to the buyer that the house had prior fire damage ? I am new to investing so just trying to think of...
Fedor Volkov
Lease renewal notice - inheriting tenants
Hi BP community!
I'm closing on a triplex in Avondale next week and I'm inheriting tenants in one of the units. Their lease (a standard CAR form) is ending May 31st and there are no provisions in the current lease f...
Al Pat
Rental LLC election Partnership or S-Corp
I have a LLC that is owned by my wife and I. Ever since it was created, we have elected it to be treated as partnership and pay self employment tax on income (if there is income in a given year). My current accountan...
May P.
Financing for modular vs mobile home
Hello,
I have been in contact with a loan originator regarding a property that I am interested in that has a manufactured home on it. I have not applied for a loan yet.
The loan originator said that they do not ...
Kortlin M Wheatfall
How do you go about buying a property that already has tenants
How do you go about buying a property that already has tenants living in it but your wanting to do renovations to the property, but your not really wanting to kick them out to do so?
Account Closed
LLC Income tax free to another LLC?
Does anyone have income from one LLC flow directly to another LLC that they own?I own 25% of an LLC for flipping houses and similar. I own 50% of another LLC for building homes here and there. I am thinking to open a ...
Joe Strickley
Dallas Fort Worth Income SFHs
I'd be interested to hear from anyone investing in the DFW area, for SFH income properties. I've been looking at mostly foreclosures in areas like Arlington, where the price point makes sense. My only reservation, is ...
Doug Block
Sale of Re-platted property - Tax question
Looking for some advice on how I should treat this situation when I file my taxes this year.I bought a piece of property a few years ago and replatted it and split it into 2 (not equal amounts). Lot A, the main lot, w...
Kwame Koom-Dadzie
Well pump suggestions
Hello , anyone has recommendations for good well repair company or experience with well pumps . Property is on a well pump and Tenants states water has a smell now , strange taste & odd color . There is iron remov...