Hello, I'm currently looking at purchasing a property that has two separate buildings, one zoned commercial and one residential. The commercial building looks as if it was used as a music studio and also an apartment....
Hello,My question is two fold. From what I have been able to gather from your forum is: If I have a 1031 property in my name and have held the property for 1-2 years that I can transfer it to an LLC and that should n...
My business partners and I are looking to scale as quickly as possible on a buy and hold rental strategy. For purposes of using as little of our own money as possible we naturally want to use other people’s money. Tog...
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Good early morning! This is my first attempt at running an analysis of a Duplex I am thinking of pur...
Hi everyone, I'm a long time reader yet this is my first posting in these wonderful forums.In the scenario of a single member LLC owed, owner occupied and self-managed multifamily building, is it best practice to be p...
In a recent post about how to minimize the taxes on rental income it was mentioned that: Setting aside reserves is an expense, so long as they are not excessive. When you draw down the reserve you count it as income b...
Hi BP Community,I've been looking for a rental property for about a year now in Cincinnati, Ohio and am about to close on my first property (Duplex, 2bdr, 1bdr)!I'm inheriting two tenants on the first floor (the 2-bed...
I have a question regarding LLC partnership buyout tax implication. I'm making a simple LLC scenario for easy discussion.The LLC has three partners A B C. LLC did real estate development project: it bought a land and...
Pros and cons of investing in single family homes strictly?
I am currently a finance major about to graduate. So with that I'm looking for ideas of how to practice evaluating deals. So that when I begin evaluating and looking for properties I can quickly see a good deal and ma...