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We have a park that we own the mobile titles and the land. We do not want to deal with maintenance so we are looking to sell the mobiles and rent the lot. Can anyone point us in right direction how best to accomplish ...
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I'm interested in buying a vacation home that can double as a real estate investment. I'm hoping it's possible to have my cake and eat it too, so curious to see if anyone else has attempted something similar before.I'...
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Trying to convert a basement into a bedroom in Washington, DC. Looking for recommendations for an architect to submit a drawing plan to DCRA, because it's already a bedroom (I think). Or maybe a general contractor who...
Hello All ... Situation: Inherited a house 50% owner ... the other 50% belongs to my sister who is a jerk. These are my options and I will have to force her to accept one of these options: She doesn't want to comprom...
Hi, I had two questions regarding the process of converting a personal property with a personal mortgage attached to it to an LLC. After communications with a lawyer and the mortgage lender we are in the following sit...
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I recently converted my previously owner-occupied home to a rental property. But I don't know what numbers to use to analyze how the house is performing. I paid 189,900 for the house in 2005 (about 192,000 including c...
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I need to convert my multi-member LLC to a single-member LLC, is IRS form 8832 all I need?Appreciate responses, thank you.
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Investment Info:
Other buy & hold investment.
Purchase price: $300,000
Cash invested: $250,000
Purchased a junk yard, redesigned it as a commercial photography/movie studio, did an extensive reha...
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I'm going to purchase a new primary residence in Feb/March of next year. I know that my income will not qualify me alone. Will I be able to count 75% of expected rental income for my old primary when calculating inc...
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Investment Info:
Single-family residence buy & hold investment.
Purchase price: $187,000
Cash invested: $14,000
Sale price: $187,000
3/2 SFH. Acted as primary residence until 10/1/2022. Curre...