Keith Ellis
IL Condo HOA rules amended by property manager (not HOA Board)
I have an Illinois condo unit that I rent out and would like a second opinion about an issue that was debating with the HOA's property manager.The gist is that after signing new tenants to a lease I was hit with a $15...
Wyatt Witkowski
Breaker replacement haulting rental?
Hello everyone so I have a bit of an issue. Setting up my rental property but during the inspection it was found to have Federal Pacific circuit breaker which likely in Florida disqualifies it for insurance (obviously...
Tim Cook
Handling the Private Lender Money
I always get a lot of questions about how to handle the money so I'd like to go over a few of the basics.
- Touching the Money
Sometimes when people hear the kind of interest I pay they will get so excited about loa...
Mike G.
Requesting help in understanding safe harbor applications
Hi BP,I recently incurred significant expenses for the exterior of one of my properties, and am requesting your assistance in understanding what I may be able to deduct in the current year. I would classify each of t...
Thomas Jones
Tenant Wont Pay
Ok so I have a tenant a little over a year now who has fallen behind.
Her rent is 500 for a 1 bedroom. A few months after she began living there she fell behind and needed to pay for her rent at the end of the month...
Luciana Gresham
Partnering on a Flip
Hi,I’m new to flipping and thought it would be best with a partner. We have several qualities /skills to compliment each other. Such as I have my real estate license and have been studying this topic for a while. She ...
Miguel Chiriguaya
Funding for a project in residential miami
Hello, good afternoon everyone
I've got a client who wants to purchase a home in Miami for the land that the home is on.
The property is in Miami in the 33147 zip code, zoned residential
It's a single famil...
Ashana Singhania
First Rental Property - CPA made Scorp election while creating LLC
Hi All,
I'm looking for help as I've been receiving really contradictory information after several CPA consultations. I'd love some advice or Real estate specialized CPA suggestions.
Context - I recently bought a pr...
Alex U.
Umbrella Insurance vs Wyoming Holding company holding California LLC
For your buy and hold properties, to my knowledge there are 2 predominant strategies.1. Keep properties in your name or in a trust, get $1M worth of liability insurance for a few hundred dollars and rent out the units...
Shireen Y.
Anyone familiar with California HOA foreclosures?
If a property owned free and clear is sold at an HOA foreclosure auction, which law (SB1079 or Cal. Civ. Code 5715) applies?
For SB1079, a prospective owner-occupant can bid on the property post-sale and win the auct...