Celese Walter
Chronically late rent payments
Hi, I'm a tenant who is constantly late with payments. Definitely it is on purpose. I used to make the payments on the first but the time the bank opens clashes with the times I have to be at work or its a weekend. My...
Sib Bahjat
Pros/Cons of deeding a property to an LLC
I purchased a SFR property years ago and I financed it under my personal name. I then transferred the deed to my LLC. My CPA advised me to transfer it back to my name and not leave it in the LLC. His reason was that I...
JIll B.
Self Directed Solo 401K
I am self-employed with 1099 income. I want to open a self directed solo 401K so I can invest in syndications and other real estate. I have a 401K with my previous employer I will roll into my solo 401K. I was looking...
Account Closed
Phoenix homebuyer duped out of $73K in real-estate scam
One click. One-tenth of a second later, $73,000 disappeared into the ether and two Phoenix home sales were derailed.It was no accident. Homebuyers across the country are being targeted in custom-tailored email scams a...
Gene Chen
Tax Consequence - Transfer to Single-Member LLC in California
Any BPers have experience with this?Considering transferring a property with no debt into a single-member LLC in California. It will be structured as a capital contribution, so no value will be exchanged and tax basi...
Roy Mitle
filling out schE for the 1st time
This is my 1st time with 1040 and rental.a) Is it possible to list the closing costs under any expense item - eg. commission. I bought the house so technically didn't pay any agent. I also took a no-point loan but I s...
Bob E.
Changing Title to Another Entity After Doing a 1031
We did a 1031 exchange around the middle of 2017 where we sold one property in Phoenix and bought several in the midwest, everything closed in 2017.We did the exchange in a trust and want to move the property to an LL...
Kiet N.
Do not use Popmoney as rental payment !
In eviction preceding for non payment in GA, one of those questions from the court to LL: " Have you accept ANY payment since filing ? " - if the answer is Yes, the whole case is throw out. E-rent payment is beautiful...
Kip Cline
How to avoid showing personal income?
Over the past year I have had a seasonal job and started buying houses in my own name to fix and rent out while laid off. Next year I will be showing more rental income. What is the best way to structure myself so tha...
Paul Ellerbusch
LLCs: is an operating company enough?
I am a new real estate investor and I am closing on my first duplex in Milwaukee, WI this month. I took out a conventional mortgage (30yr/3.125%) and the property is will be held in my own name. I am trying to incorp...