Mike Shirley
How do you handle taxes on rental property?
When buying, fixing, and renting property, how do i handle the business with taxes? I operate under an LLC, so should I just report rental payments as income taxes or is there more to it?
Rick Bassett
Professional Tenants Thwarted - One for the 'good guys'!
We were able to ferret out a family of Professional Tenants yesterday after picking up on few 'red flags' on their applications. The short story: They seemed very nice, applications looked reasonably strong with respe...
Sam Jackson
Son left with 6 properties.
Ok. Just got a call from a motived seller. Who is the son of the home owner who passed away 2 years ago. She left him and his 2 brothers with 6 property's in a low income area. Homes were all around $60,000 in 2002...
Darren Anderson
LLC protection question
When applying for a loan for an investment property is it required that my LLC be listed as the loan holder to provide protection? In other words, if I take out a loan in my name but have an LLC for my property am I s...
Travelle Mason
Military Spouse Act – Residency Relief (MSRRA)
I just wasted about a month of time working with a CPA whom I will not be utilizing for my tax prep now.For those who are familiar with MSRRA, Military Spouse Act - Residency Relief...How is it being interpreted?Exam...
Eric Larson
The journey of a thousand steps starts with the first step.
Investment Info:
Small multi-family (2-4 units) buy & hold investment.
Purchase price: $132,500
Cash invested: $8,000
Nice side by side historic duplex in the hometown of Jiff Peanut Butter and S...
Scott Mac
Are People Living Inside Your Storage Units?
Hey storage unit owners, do any of your bays have people living in them?
I've read on the internet where people are forced into this by economic problems.
I've also talked to 3 different people who've done this. NY,...
Scott Smith
Ownership of LLC filing with state/Operating agreement for Oregon
Hello - I'm setting up an IRA/LLC, and I have my money transferred to a custodian (IRA Services Trust Company), I have setup a few llc's before so I'm doing this part myself. Is the trust company listed as owner and ...
James E Fraley Jr
Landlord vs. Tenant Expenses
Can I charge the tenant for the cost of a clogged toliet even if it's stated in the lease? I have heard that's one of the issues Landlords are NOT responsible for.Thank you for any advice!!
Jeremy Cowden
5 Unit Multi-Family Investment
Investment Info:
Large multi-family (5+ units) buy & hold investment.
Purchase price: $80,000
Cash invested: $16,000
This property consists of four separate buildings, one of which is a duplex. T...