Aaron Gomez
In which state to register LLC?
I'm currently living in California and would like to start investing near my relatives in Michigan. I'd like to do everything from an LLC for peace of mind - should I register the LLC in California, Michigan, or anoth...
David Hernandez
Asset Pretction Attorney
Hi Everyone,This is my first time posting anything on the forums. I’m currently looking for asset protection attorneys to help me set up my (S)LLC. However, I am based in California and planning on investing in the Oh...
Allan L.
FSBO. Looking for help with closing paperwork.
We're selling to another member of the family and neither of us have a full service real estate agent. Is there anyone that can help us and what would this type of service cost?
Denise Roman
Bank Account for an LLC
Hello everyone I’m in the process of purchasing a rental property in Idaho I have an Idaho LLC and need to open a bank account but I live in California and they want me to register in California Does anyone have any s...
Patrick Laffey
Can I short term rent back to back leases to the same tenant over 30 days?
Hey all! I'm a new landlord with some units becoming available soon. I am trying to rent to travel nurses mainly (13 week stays), but ideally, I'd like to keep my leases under 30 days to qualify as short term rental i...
Mark Vesu
Tenancy-in-Common & LLC
My sister owns a duplex with a friend of hers and would like to get the groups help on two topics1. Can someone refer a good lawyer in California to write/review a Tenancy-in Common Agreement? What can she expect to ...
Walchli Donna
How to report income on hard money bridge loan repaid to me?
Q1: How do I report the interest passive repayment interest income from a hard money-bridge loan I made to a flipper?
Q2: How do I report the profit and expenses from the sale of a flip?
Matthew Kauk
Short Term Rental Loophole
Looking to use the short term rental loophole.
If I use the short term rental loophole for my STR, I material participate and do a cost seg study.
Can I take the value of the building in the first year as depreciati...
Angela A.
Cash out after 1031
Hi All,
I am considering doing a reverse 1031. Following is the scenario. I will buy a replacement property at $1M, with $500K down. After that, I sell the relinquish property at $450K, free and clear. The $450K will...
William C.
Cost seg study, but also had major repairs. Best way to handle for taxes?
We own a SFH long-term rental property in Nevada that was placed into service in 2023. We have run a cost seg study on the property and qualify for 80% bonus depreciation. In 2023 we also had a major repair take place...