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Hello All!I was recently advised that the best way to setup a new investor business is create two separate companies. Both a S-Corp and LLC. I was advised that an LLC should ONLY hold property (up to $1M) while the S-...
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Hi everybody,Newbie here, looking to buy my first property. I'm not totally green to the life of a landlord, as I have managed my dad's 4plex property since I was a teenager. However, he bought in the 90s, in a nice p...
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Hello friends, I have an off market property under contract in San Antonio I need some insight on. Summary:Out of state owner, wants to retire and cash out rental property in SA.Under contract @ 125k. If we find a wa...
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Hello! What are the tax implications of an individual deeding the title of a property to a partnership or corporation? Specifically, if the title to a property is in my name and I deed it to an LLC (setup as a partn...
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My property manager is practicing real estate without a license in California. I checked her name against the CalBre database. If I file a complaint with the BRE, and they issue a desist and refrain letter, what hap...
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My tenant moved in last October and paid the year in advance. Her husband recently passed away and her house was paid in full, so she was able to pay using the money from the sale of her house. I've always had issues ...
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I just finished my first rehab house, and I am about to put it on the market in oak forest IL. I will be doing many more flips and want to know if I need an LLC or an C corp? Dont really know where to start on this ...
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Just wanted to say high to everyone. I am new to real estate. I am taking everything one step at a time and looking for knowledge. With the current market, I am hoping to start my real estate adventure in about 8 t...
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I understand the best case scenerio is your new tenant moves in the same day your last tenant moves out.
I wonder how some of you landlords minimize the turn over time.
This mean you do showings while t...
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Howdy, Long time lurker, first time poster. I was waiting until I had a good scenario/question to pose to the group before I made a post so here it goes.I've been speaking with a client of mine who wants to sell his ...