Kevin Murray
Refinance under an LLC?
Hi everyone. I'm a new investor learning about the BRRRR process primarily as well as out of state investing in general, as I'm am in CA and prices are off the chart here. My challenge is all of the cash that I have t...
Nati Hanuka
Deposits and Other Securities
Hello everyone,For someone who starting his REI journey I would like to hear from other what are the common securities you are requesting from new tenants upon signing on a lease?Do you request first and last month re...
Richard Chang
Exchange - Rental Property to Commercial Property ?
Hi all,I have a duplex in Orange County, CA that I have held for 25 years and I want to consider an exit strategy. I have deducted 25 years of depreciation which would need to be recaptured on normal sale ( ouch ). So...
Roy Carlsen
Wholesaling a property
If I am unable to locate a buyer, will I be held financially responsible for the assignment contract?
Mike McGuire
Grandfathers LLC /Trust
My grandfather had an LLC in his name set up as a partnership and also a living trust. My siblings and I were 15% "owners" and my mother was 60%....something like that!I had to file a 10-K every year for earnings/los...
Wendy Man
filling in door sidelight
we have a door sidelight that we no longer want. we prefer to fill the glass area with something solid. The glass portion is maybe 1/2 ft x 5.25 ft. Can we just put plywood or vinyl trim or something similar in the...
Michelle Au
Material Participation in Rental Real Estate
Under Sec 469: A taxpayer qualifies as a real estate professional if (1) more than one-half of the personal services the taxpayer performs in trades or businesses during the tax year are in real property trades or bus...
Neil Sinha
Solo 401K structuring. Is this workable?
Hello. I'm a new investor contemplating structure and strategy. Based on what I've studied so far, I believe I've learnt the following (somebody correct me if I'm wrong on any points):1. Assets procured in a Roth r...
Vasudev Kirs
Question about security deposit and business account
My tenant will be transferring security deposit into my business account. Are there any restrictions on whether I can use it for other expenses or should they stay in that account? Below are the laws from my state re...
Dennis Nikolaev
timing to form an LLC
I'm about to buy an STR (Airbnb) just outside San Diego. I believe it is a good idea to set up an LLC for that property (as there are many people going through, slip&falls may happen more often).If I plan to close...