Aaron Heun
Sale of Property to LLC (Partnership) to step up basis
Ive done some research and spoke to an accountant but Im curious if anyone here has advice on this topic. We (my wife and I) converted a primary residence to a rental property and it has appreciated considerably. We...
Tommy Sowell
Tax question about selling a 6 plex I bought 17 yrs ago
HelloI bought a six plex 17 years ago in San Diego for $215k and after 4 years I refinanced it for $290k. The loan after 13 years is now $210k. If I sell the place and have the 1031 pay off the loan and invest all the...
Desiree Board
Sole proprietor, LLC or Corporation?
Looking for some input...I'm working on educating myself more when it comes to various tax benefits and trying to decide what would be the best route for me moving forward. Ideally I would like to have at least 1 LTR,...
Joshua Dorkin
How to Calculate Fixed Costs on a Rehab, Flip, or Wholesale
Part of analyzing a deal is having an understanding of the fixed costs that come with doing that deal. BiggerPockets Blog contributor, J. Scott wrote an incredible article to spell out the details for anyone interest...
Lawrence Moore
At what point are you over leveraged?
Out of curiousity from my previous post (https://www.biggerpockets.com/forums/311/topics/34...) I figured I should ask this. How many properties do you all own fully compared to leverage/finance? Do you believe you ca...
Stefhon Walker
What's The Best Way To Collect Rent From Tech Illiterate Renters?
I'm suppose to take over a landlord position on a home from my father, but the people who live there don't really know how to use a computer. I live 1 1/2 hours from them and i'm suppose to collect rent every 2 weeks....
Marty Summers
Tenant constantly late on sewer bill
I keep getting letters from the sewer department this year that my tenant is always behind on his sewer bill. I get CC'd because my property will get a lien if he never pays.
He's almost late with rent each month pa...
David Green
Liability for Delays - Loss of use
We had a small fire in the common area of our association that caused damage to all six units.Some owners decided to take advantage of the situation and add on minor renovations to the repairs.The insurance company (E...
Hem Kumar
Tax Question 1099 Form
I hired a contractor to install a new A/C unit for $4,000. Do you know if I must file a 1099 form to the contractor. I am not a real estate professional.
Christian Beebe
Need advice/help on gaining either credit line versus credit card
Question for those of you who know,We currently use several credit cards (to of course gain points) for our apartment properties, which we spend over $150k a year or more on. Sometimes we aren't able to pay the balan...