Katie Camargo
Transferred contract to LLC, wondering why we still have to sign with our names
My husband and I put in an offer on a house under our personal names with "or assigns" as part of the contract. As soon as the offer was accepted, we set up an LLC and transferred the contract over to the LLC, of whic...
Henri Meli
Using self directed IRA to purchase Land
Can I use funds from my self directed IRA to purchase a piece of land. I believe I can.Can I build several homes (i.e a subdivision or apartments ) on that land and sell the homes? I'm not a builder, so someone else w...
Mike Abramowitz
Section 8 tenants & evictions
So I purchased a few units back in Portland, CT in January and currently in the process stabilizing the property. It has come to the point where all the tenants are on month to month leases, in the beginning of March ...
Joseph Harr
Adding square footage
How do you know if you'll be legally allowed to convert a detached garage into living space or create any other type of square footage increase: attached garage conversion, basement or attic conversion, ADU, etc. Do w...
Jon Klaus
Bought with long term intent, but things changed...
I bought a single tenant commercial building in June of 2015. I planned to hold long term. The month to month tenant just moved out last month, so I've been marketing to find another tenant and have some good possib...
Erik Garland
Depreciation on Foreclosure
Hey guys/gals. Straight to the pointI purchased a foreclusure for approx 24k, it didn't need much work, maybe 2k. The Tax value with county is 37k for building and 5k for land. When getting cost basis for straightli...
Steve Meyers
CapEx, Maintenance, and Vacancy
Should I be tracking CapEx savings, maintenance, and vacancy set asides individually you property or can the all be lumped together as long as I set it aside each month?
James Gillice
Second Home Loan for a Rental...would you sign this?
New investor here with a question on getting a second home loan vs. a private money construction build loan. the reason being that I don't have the money to put down for the private money.Would you sign this rider (be...
Account Closed
Illegal Subdivision!!!! Help!
Hello,
I have a big problem with a small fix. My husband and I have been busy with our main business and are racking our brains with another. Back in 2017 we purchased a vacant piece of property to build our new offi...
George Drexel
Quadplex as primary residence however living at my other house (real primary)
Anyone have experience doing this? How does it work? Is it a headache or is there any type of legal issues with this method? I would love to start investing using little to no money down. However I don’t want to make ...