Hello fellow investors, I've been lurking on this forum for quite some time and this would be my first post. I've self managed my own commercial retail properties for years but recently came across managing a family m...
I'm not sure how to proceed here and hoping to get some opinions on how to proceed. My tenants decided they wanted to updgrade the thermostat so they could control it remotely and tried to replace it without ever noti...
I've found a triplex listed at $78k with a monthly income of $1300. I ran this through BP's rental calculator and 50% rule says it should cash flow about $320, however the tax percentage in my area is just shy of 12% ...
So i tried searching and nothing really comes up that is useful.
Sorry if this is a repatitve question, but does anyone have;
PSA contract
Assignment contract
Sub2 contract
Fee contract
In .pdf format for CA? Or ...
Hey everyone,Stumbled across section 179 while looking for ways to increase my deductions. Anyone familiar with this? My wife and I bought a Ford Edge which is in our names, not the LLC. Will we be able to expense par...
Hi, I am new into this whole IRA thing and need some education on the concept of self directed Roth IRA and self directed tranditional IRA. Please correct me if I misunderstand any of these concept.For self-directed R...
Hi everyone,I am looking for some advice on how to form and operate a property management company in Illinois as a realtor.
I currently am a realtor in Illinois and I operate my business under a LLC. How would I nee...
I own my home and would like to buy a new home to live in while turning my current home into my first rental. I have significantly improved the value and it has probably appreciated a bit on its own. My question is do...
The title says it all what are you thoughts of taking value out of your house to buy another you will rent out and pay off within 5 years vs purchasing a rental house with the brrrr strategy or just getting a mortgag...
Wondering if any CPAs out here can chime in.I'm in the midst of selling a few of my SF houses to my tenants on a land contract.For the past couple years I have been taking depreciation while they were rented.After the...