Here are the specifics. I have ownership with my wife and older son and his wife, all 25% each as members in two different properties. One is a 5 plex, Powell Properties Milton St, LLC and another 8 plex, Powell Prope...

Quick! Sell me your house before it’s too late! :)Are you optimistic or pessimistic about this upcoming recession?I’m optimistic about these next few years, I hope there is a massive price correction. I’m running arou...

Whats the best way to deal with code/maintenance liens from city municipalities that are recorded as liens on REO, you know the $250/day liens. Some of these REOs im looking at are vacant since 2011 and the lien was ...

First off, I spoke with my CPA regarding an LLC and I'm wondering if she is correct regarding the taxes on an LLC.  She stated that if I were to buy and sell a property under an LLC that the entire gross amount would ...

I just met with a lawyer this morning, he wants 1250 bucks to do my LLC formation papers, I understand I can do this online but I want to make sure that everything in the future that I do is air tight and Im willing t...

Hello all,

So I am looking to buy this duplex and I noticed that it has two separate gas meters, but only one boiler. I called the gas company to find out about what all I need to do to separate the utilities and thi...

A storm a month ago or so knocked half a tree down. The tree fell right next to a rental and the force took down an entire wall. The damage is about $15k.I contacted our insurance and they are denying our claim, citin...

Hi everybody,I'm happy to be a part of the amazing community. The knowledge I received from reading posts and comments are invaluable and are helping me build the system I need to financial freedom.My name is Yuval an...

Hello, 
I'm not sure if I've bitten off more than I needed to, but the more answers I get the more questions arise... My situation is this: My wife and I own a single rental property (at this point). All of the assoc...

Hello,I am new to investing and I lack knowledge of how to use my passive losses from rental properties. or more than lack of knowledge, I just don't think my CPA knows this topic well.  Lets say that i have a total o...