Kevin Barker
Cheapest Way to Transfer Ownership??
I have a cheap house i want to sale to an individual AS-IS, but do not want to spend the money to have an attorney draw up a contract and do a closing. If i am not mistaken, i can just Quit Claim Deed the property to ...
Ian Verzoni
Transferring Ownership to my LLC
Hey all, I'm looking to do a Quit Claim Deed to transfer my SFR to my newly created LLC. I bought that home with a VA loan back when it was my primary residence in 2015. I lived in it for 3 years, then was sent to a...
Shalom Benton
New ownership and tenant debt??
After purchasing a multi family, I have come to find out that a few of the tenants have back rents owed. Do I have rights to pursue the back rent? My thoughts are that I have purchased the tenant debt along with the p...
Michael Opper
Raising rent after taking ownership
Just purchased a new property and can’t decide if I should raise the rent with the existing tenant. They’re currently paying on the low end of rent for the market. Thoughts?
Jeremy Lee
Co-ownership and section 121
Hi all,
Wanted to pose an interesting question for feedback:
Is there anything in IRS section 121 that speaks to the impact on holding periods when there is an increase in ownership interest in the context of a prop...
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joint ownership with...gasp...friends
Before you warn me of the pitfalls of investing with friends, please know that we have thought carefully about this and understand what we are possibly walking into.
That being said, here is the situation: there are ...
Chad Harris
Tenant payments after ownership change
Hi all,How do you normally handle tenant payments that are made to the previous owner after closing and before you can notify them of ownership change and new payment instructions? We asked the seller to notify the te...
Account Closed
Roth 401k - 5% Ownership Rule
According to the IRS, if you have a Roth 401K retirement account, you must take required minimum distributions no later than April 1 of the year after the calendar year in which you reach age 70 1/2, unless still work...
Zac Smith
Entity Ownership vs. Payout Structure
Hey everyone,I recently left my W2 consulting job to pursue CRE. I have an LP financially backing this venture, but since I don't have the assets or experience, finding lending has been a challenge. What I'm thinking:...
Rachel Orvis
Informing tenants of new ownership
What are some ways you all inform tenants (probably considered class C rental) of new ownership? We just got our very first apartment complex and all units are currently rented.