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I have 2 rental units with the cash flow of 36k a year. I am thinking to add some more rental unit. My question is, should I keep it as a schedule C on my tax report or create a legel business such as Corp. or LLC ? A...
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I've had a company controlled normal profile on facebook for 2 years. Growing the business the E-Myth way, I have tried to grow Thunder Sun Homes independent of my name. I want the business to have it's own identity, ...
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Considering setting up a (TX) Series LLC under my self-directed 401k trust. Has anyone done this? I set up a series LLC last year, to handle my rentals, where I am the sole member. I'm wondering if there are wrinkl...
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Hello,I have a 2 family in Jersey City (zoned R-2). It has an above ground basement and meets all the requirements of a 3 family. The very next house is identical to my property and is a 3 family. Can anyone help me i...
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I have a PMI payment of almost exactly $200 every month. The loan balance on my house is $174,000. My house is assessed at $220,000. My interest rate is 3.85%. Is it worth it to try and get the PMI taken off. I am onl...
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For those of you that own investment properties "far from home", what criteria do you use when looking for locations? Do you hire a management company/companies to handle the properties? I live in SW Florida and, wh...
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I ran a criminal check on a workman recently hired & found out he is a convicted felon & was in prison until 2011 ( crime-identity theft). Our ad specifically said do not apply if you cannot pass a criminal...
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After doing this for 20 years, I have found that the 1031 rule is a potent tool for real estate investment professionals for several reasons.
First, deferring taxes means you can keep growing and diversifying your po...
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Hi there! Covid-19 has really impacted how property management and buying/selling real estate is taking place. One aspect that I am struggling with is the showing/viewing process. At the moment we are screening prospe...
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Hello All,I have about 10 hard inquiries on my credit profile. I am told there letters that I can send to the credit companies and have them remove the inquiry. Can anyone assist me with a copy of that letter?thank ...