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Does anyone have suggestions of best business type for owner occupied rental building in Illinois? Like S Corp, LLC, etc. I would like to protect myself in case of any legal issues and/or have a business deduction fro...
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I'm in texas, I have a home that when it rains hard or for a long period of time, water comes under the door and into the garage about 3 feet in. Everytime it rains I get the dreaded tenant yelling and upset call. We ...
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Three partners. One is interested in putting up 5% of the deal (equity required) and is willing to pay the "rent" on the unit she would live in.
In theory she would be entitled to 5% of the cash flow, but how does it...
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Greetings good people,Wondering how you would approach the following situation:In one unit (2 bed/1 bath, class B/C) of my OOS duplex lives a middle age woman and her 8 yr old son on section 8. I dealt with this tenan...
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As an owner of a couple of duplexes I have benefitted from depreciation over the past 20 years. I am now looking to move into passive investing and still want the benefits of depreciation to lower my taxable income (i...
I have bought a property with several municipal liens. These liens are a result for non payment of services and code violations. What happens is the liens were recorded by the County against the previous owner of the ...
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What is the process for getting an inspection when tenants are already in place for a prospective buy? Is that even possible? Are there any legal issues surrounding this? Also, is it common practice to request the ten...
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I live in North Eastern Oklahoma and I need to talk with a Real Estate Attorney about single Family properties in This Part of the state, Any Recommendations ???? I am currently looking at several single-family proper...
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Is this true? I was listening to a podcast and they mentioned that if either you use a property manager or you go solo and use a lawyer. If that's true wouldn't the lawyer offset the cost of the property manager? And ...
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I'm looking to learn how to structure my wholesaling business. I want to create it knowing what jobs need to be done or roles need to be filled. What parts, how much can I structure and turn to a system that only need...