Peter Seely
The dreaded tax questions begin
Hi All,
First I will start of by saying I will reach out to my accountant but I wanted to at least know what to ask and have an idea what I am talking about....maybe with tax I am dreaming...
My question is, I have ...
Rose Kabu
Shady contractor, small claims court and JAMS Mediation clause
Has anyone had experience with the JAMS mediation and arbitration process? Unfortunately, I hired a shady contractor who decided to sabotage my duplex and maliciously cut electrical wiring, AC, ruined plumbing and wal...
Yos W.
Rental Property Expenses for tax deduction
As a new landlord, I wanted to ask the veterans on tax deductions for expenses I incur on the rental property.things like: Bathroom Remodeling expenses made by me.. (or by contractor), plumbing expenses for unclogging...
Tony Lin
Starting a company/LLC for passive investment, overkill?
I'm planning to get involved in a few apartment syndications as a passive investor, potentially doing a small apartment myself few years down the road if I learn enough. Is it necessary to form a company or do an LLC ...
Daven Mody
Cash out Refinance
Hi there-
My brother and I purchased an investment property in April 2013 for $185K, and put down 25%. After closing, we transferred the property title to the LLC's name. The current mortgage is under my brot...
Mark M.
Can Abandoned Property Removal Costs be deducted?
I am not sure on the specifics regarding the costs associated with tenants abandoning personal property.
Since we have 30 days to refund the security deposit, and if the tenant does not or refuses to claim any abando...
Account Closed
Can they keep the deposit?
Hi all!I made an offer on a house, mortgage fell through due to not getting the documents in time. My realtor mae the selling agent aware before the contract deadline of August 24th that the mortgage fell through. The...
Drew Whitson
How do I allocate personal expenses from multiple LLCs?
I hold various amounts of ownership in four LLC's each which hold multiple real estate assets. One is 100% ownership, then 50%, 1/3rd, and 1/8th - as each deal comes along it gets put into one of these LLCs dependin...
Vince Greenland
holding fees
we historically ask for a holding fee when a prospective tenant wants to rent an apartment. We give them a receipt that states the deposit is non-refundable.We then hold the apartment until the tenant moves in and th...
Kevin Tarver
broker for my first deal
hey everyone kevin from nyc. I'm looking for super star broker to help me close out my first deal. I'm looking to invest in a duplex in upstate ny. the goal is 5 duplex in the next 4-5 years. Price range 50-60k. th...