Ron P.
Accounting for Multiple Flips
I have multiple flips going, all under one LLC taxed as an S-Corp, and have the accounting structured as follows:- One Quickbooks file and one bank account for each property. I could use one file and one bank accoun...
Maximilian Benjamin
Self employment tax with property in LLC
Sorry for the long post but I thought this was an interesting email conversation...
...which ensued when I began discussing with my CPA about future expansion and what I ultimately want to do with regards to real est...
Ephraim Bistritzky
Mobile Home Park Investing in 2020
Hey - What does everyone think of mobile home park investing in today’s market? considering the recent consolidation and the limited supply do some of you seasoned professionals think it may be “too late” to start a M...
Nelson Leal
3 rentals, 1 sale, 1031, best way to go about it?
Hello out there,
Been a while since my last post when I was snatching up some out of state rentals. Did a great job, got lucky and now I have 3 properties that I'm considering selling from my portfolio. I get email...
Craig Fitzsimmons
A Few 1031 Questions
Can someone please remind me...I can use 1031 proceeds from one property to acquire 3 new properties? Can any of those new properties have a purchase price less than the property of which the proceeds are from? For ex...
Brian Falcon
First rental - our old home
Hi all. We built a new home last year and were financially able to keep our old one and have it rented with a 2 year lease ($2,275/mo). We did it sort of ad hock knowing we could sell if it didn't work because the a...
Richard Quijano
Is now the time to 1039?
I have 5 properties with 4 of them paid for in Chicago, Illinois. I owe 185K on the fifth one with a recent appraisal of 680K. I am thinking it might be a good time to 1039 into something bigger. Go from 8 total un...
Rex Celle
Name 2 types of loan programs for Fix and Flip
BP Community, I am in the process of identifying a target property to acquire, fix and sell on the open market, and I am interested in your thoughts around the best programs to accommodate the following: low down paym...
Manik Zaman
Finding partners for existing portfolio
We own a portfolio of around 350 units. We are looking to get one/more partners to join us stabilize the properties and profit share. We are looking for $1.5-8 million.
Anybody would be able to recommend whats the be...
Bhuvanandra S Kumar
Assisted Living Facilities
Investment Info:
Other commercial investment investment.
Acquired three Assisted Living Facilities as a group with 46 Licensed Beds. The owner is planning on retiring and was able to work out a Seller Financ...