Nathan Shankles
In general what is the most profitable tenant demographic?
I currently own 2 properties: a duplex and a single family home. I’m looking to buy my next one and had this question come to my mind. In general, is there a specific demographic that is most profitable as tenants? If...
Johann Jells
Advice on restructuring into an LLC(s)
My wife and I are looking to put our RE holdings on an "active" business footing, form an LCC (or one per held property?) and file taxes as a business rather than filing a form E. We have several reasons for doing...
Antonio Russo
How do LLC work if two partners are in different states
If I am in California and my partner is in New York and he created the LLC in New York. Do I need to pay the $800 yearly LLC fee in California as well of the LLC established domicile in NY?
Peter Morgan
Making your tenant PM a bad idea?
Hi,I need to move out of state due to my job.I got two options sell my multifamily or manage from remotely with the help of a Property Manager. Rather than hiring a PM would it be a good idea to make one of my trust w...
Jon Fletcher
Switch from W2 Employee to Consultant for Tax Savings
Does anyone have experience with asking their employer about switching from a W2 employee to a consultant so that you can take advantage of the Real Estate Professional status? If the employer pays your LLC S-Corp ins...
Janelle Byrkit
What questions to ask when choosing a Property Management Company
Good morning all!My husband and I are thinking about investing in our 1st multiplex (2-4 plex) rental. We will not be living in any of the units and the property will likely be 2-3 hours away (Sacramento/ Stockton, Ca...
Ashley McClure
ADU income and taxes
Hello,My husband and I just bought a single family house in Berkeley CA after looking unsuccessful for multifamily for a long time. In order to turn it from full liability into partial asset, we are planning on build...
Peter Chaniotakis
CA House Flipping Entity/Tax Planning
Hi Everyone,I hope everyone is doing well. I have two questions that I am hoping someone could shine some light on. First, I want to start house flipping in CA full-time and I am interested in the best possible way to...
Amina Sanders
Property Management ATL
Hi BP!My husband and his siblings inherited an SFH from their mother upon her passing in 2015. They've been using a local PM ( mom & pop type) for almost two years. The PM places tenants that are consistently late...
Terry Portier
How much you paying for Design/Builder's insurance?
Builders Risk: For the construction phase. I got a quote of $1120/per home per year. If I sell before year end I get a refund on that home(s).
If I want to do designs:$5,000/yr depending on quantity.