Daren Wang
Rent out single family to 3 individuals
Hey friends and colleagues,
I was told by an "experienced" lawyer, that if I really want to lease my single family house to 3 individuals (who are not related), I could sign once master lease and include all ...
Heather Frusco
COVID-19 Eviction Moratoriums help who?
As many know there are eviction moratoriums across the country. For those which can’t or don’t want to pay their rent it’s a blessing... but is it really? The free-market seems to work pretty well in rewarding and cor...
Alexander V.
Section-8 Negativity - Survivorship Bias, or Accurate?
Hello all,
I'm playing devil's advocate in this post. I'd like to hear some experienced landlords who have actually worked with Section-8 and/or know the details of the program guidelines.
We all see Section-8 horro...
Bryan Hancock
Low Income Housing Tax Credits
Do any board members have experience with low income housing tax credits? I would love to get a run-down on them as well as some pointers to helpful resources to learn more about them.
Chris Masons
Section 8 Tenant
HI guys,
I have never had a section 8 Tenant. One of my buildings is more of a lower income area and met with a prospective elderly couple who I think would make a great fit for this perticular apt. they are section ...
Chris Schroeder
Buying a Section 8 Property from a Wholesaler
Hello,I have acquired a few properties before but never have I acquired one from a wholesaler nor have I owned a Section 8 property. I never intended to get a Section 8 property but a deal was sent to me by a wholesa...
Masashi Borges-Silva
Reducing W2 income tax by actively participating in real estate
Background
I am not a Professional Real Estate (yet) as I am working as a full-time engineer, and I don’t meet 750 hours of services during the tax year in real property trades or businesses in which I participated. ...
Robert Steele
Section-8 No Additional Depreciation Recapture at Ordinary Income rate on Sale
I just stumbled upon this. Another plus for section-8 rentals. Albeit a small one.
From the IRS:
The applicable percentage used to figure the ordinary income because of additional depreciation depend...
Mike Nelson
Is it possible to quite title in this case?
I have two siblings willing to sell me their property. We have contact with the third sibling but he is unwilling to sell. Is it possible to do quite title in this situation?
Wakes Andre
A rental agreement between Landlord (LLC) and tenant.
I'm in the process of preparing a lease agreement for the rental property. I'm using the LLC information as the Landlord. What I'm not sure is if I have to sign it and initial as LLC or individual on behalf of LLC.Exa...