Sunny Rajvansh
Lease Signature line as LLC member
Hello All,I own few properties which are titled under my LLC. I am now wondering if I have been signign my lease the right way. So, The first line of the lease lays out the parties- "Landlord and Tenant", where the La...
Melanie Baldridge
Do you qualify as RE PRO?
To qualify as an RE Pro you must:
1. Spend more than half of your total working hours in an RE business in which you materially participate.
2. You must work at least 750 hours per year in a qualified RE business....
Alvin Rivera
A little late to the game but ready to jump in
Hi! I live in a suburb, about 30 miles NE from the city of Atlanta in Lilburn, Ga. I am a licensed real estate agent, but the only transactions I have done have been my own. My spouse and I have bought and sold over 2...
Account Closed
Legal Accessory Apartment Loopholes
Hello BP!I posted this over in Tax/Legal issues, but am moving it here.My wife and I are currently in a property in Pleasant Grove, Utah. We have a legal accessory apartment that we currently rent out, however, as far...
Lucy Can
How to do taxes on Property Development
We bought a single family home near downtown Denver, gave it to a builder for constructing a duplex after doing a quit claim to an LLC in 2018. The Duplex finished building in Summer 2019 and we sold it in fall 2019. ...
Olivier Mader
Some before and after photos of my current project..
Here are some before and after pictures of my current project.. Interior is basically done and I still need to paint and do some minor exterior work. Will also replace the windows and do some landscaping.. Got a steal...
Jacob Munson
House hacking in Denver and what areas to target
Me and my girlfriend (probably wife by that point) are planning a move to Denver most likely in early 2025 and are interested in house hacking as a means to save income and build a rental portfolio. I'd like to have s...
David Chance
Solo401k with both Roth and PreTax funds - Possible? and How?
* I hope this is not a double post, thought I had this posted but it isn't showing up.Hi,Just checking to see if anyone else has this situation and how they are handling it. I have a solo401k setup with checkwriting w...
Alfred Bell
How to pass over ownership/control of my S Corp
Have an SCorp that I use for real estate projects. Single owner corp, no employees. If something happens to me my wife won't have access to the corp or its assets or bank account. I have a POA that allows her to condu...
Brenda Whittaker
What is a "Draw" (from your LLC)
Trying to form an LLC. I have property now in a revocable living trust. I live off the rents. SO, do I start the LLC as being owned by the trust? Then take the properties out of the trust and put them in the LLC w...