Rayan Faris
How can a property owner be held liable when using a property management company?
If a property owner is using a reputable property management company how can he be held liable? What could he be held liable for?Obviously if he denied repairs or funds for them?What else if he isn't actively managing...
Rashad Jones Jennings
What is the cutoff for paying CAPITAL GAINS TAXES
I purchased a townhouse in December of 2016. Never occupied the property, just fixed it up. Im looking to list it next week but want to make sure I am in the clear of paying capital gains taxes on it. How long do you ...
Scott Sweeney
Need some advice on renting home or selling
I own a home with 140,000 equity and I'm trying to decide if I should continue to rent it or sell and use the cash to buy another property. The home cash flows $550 after the mortgage is paid. My next scenario i'm t...
Jonathan Surak
BRRRR on 15 Unit Building - Section 8 Edition
Investment Info:
Large multi-family (5+ units) commercial investment investment in Alvarado.
Purchase price: $1,050,000
Cash invested: $250,000
Acquired this 15-unit property in 2021 for $1,050,000, ...
Troy Walcott
Cash out refinance to invest again.
I have a cashflowing investmenmt property with equity that can be taken out. I want to use that equity to purchase another investment property. The problem is my credit won't allow me to take the property out of the...
Lisa Musa
Trustee's power in Florida Land Trust
Under Florida statue 689.07 does a property held in a Florida land trust with a Deed in Trust as the recorded instrument have to specifically have written in the recorded instrument (deed in trust) the powers given t...
Brandt Moore
Taxes on Profits from Flip w/ Partnership
Hey there, I'm about to close on a flip my grandpa and I completed. The house was bought entirely in his name (non-owner occupied), but we are splitting the profits 75/25 with me getting the larger chunk. Would anyone...
Alex Gutenson
Can Reverse 1031 Exchange be applied for recently acquired property?
We jumped on an opportunity to purchase an investment property with an existing tear down quality structure, and closed in June of this year. This property was purchased under our development business LLC with cash. ...
Corey Meyer
Multiple properties with different partners under one LLC?
I currently hold a property in an LLC without any partners. I am getting ready to buy another investment property with the same criteria as the property in this LLC and would like them to be grouped together for fina...
Ruth B.
state taxes on rental income - property in a self-directed IRA
Hi BP Community,I can't seem to find an answer to the following question: Am I required to pay state taxes on rental income generated from a property held in a self-directed Roth IRA? The property was not financed. An...