Edgardo Matos
Asset Protection Strategies DBA vs LLC
I am trying to figure out what is the best action to pursue in order to build the business. I am trying to figure out if I set up 3 LLC's one for Flips, one for Holds and one for operations or should start with a DBA...
Brian Lenzer
Home Insurance and Property Taxes count as part of the Mortgage?
Is home insurance and property taxes considered part of the mortgage? I am wondering because I am trying to calculate NOI and hence cap rates, so I want to make sure I am using the proper standards. Thanks in advance!
Mandy McAllister
CPA recommendations?
Anybody have a CPA they think highly of?
My CPA/JD/LLM's team made a pretty egregious error on my return (that I will have to pay thousands to correct) and gave me advice to set up an LLC for an underwater rental pr...
Rohan J.
Ever buy an apartment complex that wasn't separately metered?
I'm considering buying a 5-plex fixer upper in a very nice neighborhood in MO, but the only problem that I see is that meters are not separated so owner is paying all utilities. Everything else makes this a great deal...
Mathew Scott
My First rental property - questions?
Hi all, I just purchased my first property in the Durham Region, Ontario. I'm currently trying to setup all of my paper work (leases, rental app etc...) What is the consensus on this forum with regards to the followin...
Frank DiGiorgio
Tax Question - Florida Condo
Hi All,I recently sold a single family home in Orlando - Bought for $378k, Financed $275k invested $100k, sold for $640k just over a year later. Within one week I bought a condo for $275 in Tampa and paid cash. I...
Ezra Nugroho
How to replace a property manager
I am not very happy with my existing PM, and I've made up my mind that I'd replace them. I've found a replacement that I am comfortable with.Per the existing contract, I must provide a 2 months notice to the PM, unles...
Joe Henry
Tip: Have your lease reviewed by a RE attorney - my experience
Just a quick tip to always have your lease template reviewed by an attorney. This can save you lots of $ down the line.My experience:Within the first 5 minutes of my lease review my attorney told me about specific ver...
Julio Gonzalez
Incentives for Cost Segregation Studies
Did you know that the tax code offers many incentives for real estate property owners that have a cost segregation study performed, thus allocating costs to 1245 property?
A Cost Segregation study is an IRS approved ...
Luke M.
48 unit seller willing to carry back 18%
48 unit apartment complex located in a C neighborhood. 44 2 bedrooms and 4 1 bedrooms. 3 of the roofs are brand new and one needs to be replaced. Common areas of the buildings have been all updated 2014 seller bought ...