Robert Shedden
"Rental Property" LLC held in "Property Management" S-Corp
I am asking the basic question of "LLC or S-Corp for Rental Property?" but with a twist....I am working to acquire my first rental property in Rockford, IL and was planning to set up an LLC to hold the properties... A...
Christopher Freeman
Planning for Your Seller to Die Before Closing
Okay, so now that my subject line has caught your attention...I'm trying to work out a proof of concept on real estate transactions that may be affected by the seller's end of life planning.(Somewhat) Hypothetical sce...
William Laranga
Wholesaling: Bidding Lower than the amount of Equity in a home
One concept that I can not seem to wrap my head around, is offering a homeowner less than the amount of money they owe on the property’s mortgage. If Steve owes $100,000 to Bank of _______ and based on the math, I, as...
Franchesca Tejada
SOMEONE PLEASE EXPLAIN HOLDING LLC'S.
I recently was told that I should place all of my properties in a holding LLC and manage them through my property management LLC. I don't quite understand the concept of holding LLC's though. Do I just put all of my p...
David Yamamoto
House Hacking - renting bedrooms, screening tenants
Hello folks,
For those that have house hacked while renting out bedrooms to tenants... how do you screen them? This seems a so much more personal when you have to actually share the same living space with tenants. ...
Sergio Rojas
How to define Project Concept
Hi guys, currently I am working full time on developing a mixed (commercial and residential) building located on a nice property down-town in San José, Costa Rica that I owned. I plan to sell some units and rent the r...
John Pianta
Need assistance (please).
I am considering transferring a portion of a prior (traditional) IRA to a self directed IRA in order to participate in a private placement for commercial real estate. After reading forums/reviews for all of the SDIRA ...
Julia France
Bonus Depreciation, when would you not do it?
I am new to the concept of bonus depreciation and trying to get a better understanding. In the first year of business (2023) should I use bonus depreciation for improvements, furniture, irrigation, landscaping? Can I ...
Alyssa Magyar
Creating an LLC to operate the rental business worth it?
I currently have the mortgage of my townhome i own in my name, and is currently my primary residence. I plan to turn this into a STR/MTR in March 2023 fulltime. My lender was not clear about what would happen if I tra...
Logan Beckner
Luxury House Hacking Questions
Hello all! Main question: What are the laws associated with adding an additional range (or any other kitchen amenities) in a basement or ADU on the property? Does this classify the property of multi family? Is this le...