David Denney
Need advice on a Tenants in common or LLC agreement***
Hello, long story short, myself, my father and a friend started buying and selling raw land. Mainly farms. We are on our third farm in two years and I have a niche for finding and flipping these things. The set up now...
Chris Lawrence
REO question after closing
I recently purchased a REO off Auction.com and closed on the deal, everything is in my name. Prior to closing my attorney caught a mistake on the closing statement and mentioned it to the sellers attorney and they did...
Liz Knight
1031 Exchange into a building to be held with partners?
I have two partners who both have their properties on the market. One of them, Partner A, needs to do a 1031 exchange into the new property (which we haven't identified yet). What's the best way to qualify for a loan ...
David Walkotten
1031 Exchange question - different LLCs/ownerships
Hi CPAs familiar with 1031s, I have a question.My business partner and I may want to do a 1031 exchange on 2 real estate properties. Here is the scenario: 1. We're Selling a duplex for ~$115k from my partner and my jo...
Jasraj Singh
Does laundry machine company pays us for using their machine??
If i keep laundry machines in my apartment for tenants to use will that laundry machine company pays me for keeping their machines in my apartment?
Maria A A.
Choices of Replacement Property for 1031 exchange
Aside from real estate investments & crowdfunding what are other good & flexible (i.e. not long term hold) options to consider for replacement property for 1031 exchange?
Johnnie Schneider
Tenants paying for utilities
So I recently spoke with a realtor in Alabama and she mentioned that its customary for the landlord to pay utilities in most markets in Alabama. Was wondering if thats true because that obviously changes the numbers w...
John Newland
Two Houses/One Lot Condo Split
I have a seller who purchased a property that has two buildings on one lot. He wants to divide the current lot into two separate lots with each building having it's own lot and sell each property individually.
The...
Account Closed
PM asking to be added to my liability policy
My PM came out with a new contract. It now requires me to get a liability insurance policy, and add them on the policy. Is this normal? My attitude is that I should only be responsible for my negligence, not theirs. T...
Sanju Walia
Small Apartment Offer - Loan pre-approvals Required
Hi Team,This is first time I am stepping into MF Commercial (5+) apartments. What kind of financial documents are required as part of the offer? For 4 or less units, I provided lender pre-approvals. Lenders are asking...