Caryn Fischer
Tax question with selling a house
Hello all. Can someone explain the details of selling a house to a child?
Is there a limit on pricing?
Does it have to be sold at fair market value?
Are there limits to the “look back” for primary home exemption?
...
Ohad Folman
Reasonable property insurance annual cost
Hi everyone,
I'm pretty new here. Recently bought two properties (single and a duplex) in Detroit MI. Looking to insure them (under my llc). I got a quote for $550/m for both. Seems high. It is up to $1m for each pr...
Lilla Horvath
Bookkeeping Security Deposit
Is a security deposit regarded as income for bookkeeping purposes? I'm using Excel spreadsheets for now to do my bookkeeping. How do I account for the security deposit without inflating the cashflow? How do I account ...
Zaid Badabwan
Using one bank account for several portfolio
HelloAbout two weeks ago I made a post looking for rental property accounting software. I have selected Stessa because of the possibility to have separate portfolios each one with its reports including P/L and balance...
Teresa Miller
Can somebody help with this confusing question....
Hello, question... When you purchase a property is it purchased as an LLC or stated another way , is each property its own LLC? Also, When you're acuring a deal, as a flip, do you acquire all under your S corp compan...
Vlad Kuzin
Paying bills - proper approach
I am currently have a property which has decent amount outstanding for water and taxes. I wounder what my approach for paying these off should be:
Lets say I am offering $100,000 for the property and there is...
Steve S.
Concrete slab back patio showing cracks. What to do?
I’m noticing the cracks in the slab seem to be worsening. Any suggestions on what can be done to help keep the slab from becoming uneven?How much would it cost?Picture included
Marcus Griffin
Buy subto sell via wrap question
Im closing on my 1st subto deal at $300K(240k mortgage balance, $60k Partial claim balance) Seller interest rate is 3.4% payment is $1900. I'm looking to wrap this to a end buyer for $350k at 9% interest 10% down. Sho...
Jake Lefort
Just getting my feet wet.
Hello,I’m putting myself out here because well...I have nothing to lose. My name is Jake I am from Northern California. I am a full time father of 3 beautiful kids, husband of 10 years and full time firefighter. I’m t...
Damiano Malfeo
Recommendations for LLC creation software
Hello BP. My investment partner and I are beginners to the property investment game. We are going to be focusing on SFR rentals in the western suburbs of Chicago. What are the recommendations out there for software us...