Sean Kollee
inner city duplex part 1-4
OK, Im going to run through a project here in its painful entirety - start to finish. I will figure out if I can post here efficiently so it is easy to follow along, text, images etc. I have all the material on my we...
Levi T.
Why you need an LLC on your properties.
I've been in this business for years and years, hundreds of units and untold thousands of tenants later, someone finally filed a lawsuit against us for their deposit not being returned.The story is the tenant was inhe...
Account Closed
Anyone signed up for US Tax Lien Assc training 5/16-5/18?
Did anyone sign up for US Tax Lien Association 3 day workshop 5/16-5/18 in Burlingame Ca? I missed the registration deadline and would like to be your Significant Other if you don’t have one to attend with.
Ken Van Haitsma Jr
Using a Business Name without Filing a Formal Business
I will be purchasing my first property in the next month or two so I want to set up business accounts with my bank to keep all of my REI money separate from personal money. I've read all the arguments for and against...
Lynn Y.
best way to isolate risk of each rental property
My question is about how to best organize many rental properties to provide best shield towards potential law suite.From this forum, I read about multiple properties (mortgage free) under one LLC; or one LLC for each...
Matthew T.
Limiting Tax liability as a flipping company
I started another LLC in 2017 with a focus on wholesaling and flipping homes. We held nothing in this company and sold everything no longer than 5 months. Our CPA is saying we will be classified as a dealer/trader a...
Benjamin Amaral
Possible Mediation or Firing GC
I have been working with a GC since June 2023 on a gut and rebuild of a duplex in NH. This is my first time working on a rebuild or working with a GC. The gut was necessary due to a fire that occurred and the water da...
Marion Summers III
Property Management Startup
Hello everyone, myself and two other guys are trying to start a property management business in Georgia. I am aware that in Georgia you need a Brokers license to operate, My question is if you already work under a bro...
Andrew S.
tax deductible interest - yes or no?
Hi,
I'm getting conflicting advice from two CPAs and was wondering if anyone cares to chime in. Here is the situation. My primary residence is paid off and I want to tap into the equity in order to acquire rental re...
Dustin Hood
Foreclosure owner decreased - Texas
Hey guys, I’m looking into buying a foreclosure before it hits the auction in Texas. The owner is deceased, therefore the mortgage hasn’t been paid and is now foreclosing. He was divorced, and only his name was on the...