James Partsch Jr
Need Help and Advice - DEC Contamination Record and Owner Financing Opportunity
There is a 10+ unit building that was under contract and the deal fell through due to DEC records of soil contamination from a previous nearby gas station leak. The owner of the property has had it for over 30 years ...
Nick Dame
Cashing out a Partner
Hey all, thanks in advance for the guidance.Here is the situation. My partner and I own a rental property in Missouri under an LLC based in Nevada. I am in California. He wants to cash out but we have a large capi...
Helen Zhang
what to say to get occupied tenant out of your foreclosure prop?
I honestly have a hard time preparing the right speech to make the occupied tenants feel good about moving out. It is a soft skill I simply do not have, so I am here to learn from you guys. I am happy to offer cash, b...
Marissa Chavez
Best Phoenix Tax Consultants
I am seeking a knowledgeable tax consultant in Phoenix to assist me in preparing for our upcoming tax season. I am open to working with someone who is not located in Phoenix, but I am in need of 1 on 1 guidance since ...
Kevin Macdonald
Depreciation question when paid less then land value for house/land.
I am reading a book “every landlords tax deduction guide”, which was recommended to me from this site. I understand that the 27.5 year depreciation is only for the house and not the land value.
I bought a piece o...
Kerry M.
Should I walk away?
1920 HUD former duplex 4/2 for $26K in a college town where 3/1 prices average in the 70's. Our contract date is 3rd week in April. The list of what needs repairs is long. Needs new plumbing on one side, including ...
James Bakun
Quitclaim deed from personal name to LLC after completing a 1031 exchange
Hey All! My friend is interested in doing a 1031 exchange with an investment property. Both him and his wife currently own the property in their personal names and plan to maintain that ownership structure when sellin...
Jeremy Porter
Navigating Financial Challenges with Empathy and Solutions in Property Management
As a property manager, it's not uncommon to encounter situations where a tenant begins to incur additional expenses rapidly. Whether it's due to changes in personal circumstances or unforeseen issues, addressing these...
Jeremy Porter
Managing Additional Expenses: A Property Manager's Guide
As a property manager, it's not uncommon to encounter situations where a tenant begins to incur additional expenses rapidly. Whether it's due to changes in personal circumstances or unforeseen issues, addressing these...
Justin Adkins
Using Land As Collateral For Construction Loan
My wife and I recently came across a great deal on a piece of land in a great family town that we would love to build on home on. Long story short the land is not zoned for a home at this time and the seller is giving...