Sorry if I sound ignorant, but what exactly is an exit strategy? Is it just a way to get rid of your property or is it more than that?

Hi,I have several children related tax question. After consulting with my CPA, I am now confused. Here is my situation.My husband and I set up a rental LLC several years ago. The same CPA told us since only my husband...

A family friend's mother passed away a while back and the bank filed a notice of default a few months ago. The family friend lived in the house with the mother and currently still resides there however is not making t...

@James Wise shared a horror story so I'll share my most recent example. This isn't Cleveland but we still have our problems.I pick up a lot of business from private Landlords that manage their own rentals. This is a r...

I'm just learning about hiring my children and the tax benefits. I think I understand how to do it, but am confused on one point. I'm reading online that we can hire a child up to the age of 22 but my CPA said 18. Can...

Hi, say you have a single family that you force value on. When you go to refinance after renovating and forcing value, If the property can still cash flow, do you take out more money than needed to pay off the purchas...

Hello, I am in the process of purchasing a condo in New Hampshire as an investment. It was built in 1973. I have been asked to sign a lead warning statement where I can choose to waive my rights to an inspection or ha...

hi everyone,I am the owner of a small commercial building.  it has two store fronts on the ground floor and residential apartments on second and third floor.  i am currently renting one of the store and found a potent...

I have a tenant that has a coworker that is in immediate need of a place to stay. The coworker has 3 children. My tenant wants to let her stay with her until she can find housing. We recently bought this property, and...

My unrelated personal business has taken off and I may be looking at making $500k this year. I own no real estate. I've never made this much money or even close. I need to get rid of some of this cash so I'm not payin...