Marshall Hooper
What's benefit of having my wife as 51% owner of my LLC?
I heard in a podcast that both @Brandon Turner and the guest had their LLC's set up so that their wives were 51% owners. I know that women get more favorable terms for SBA loans, but I'm not sure what kind of SBA loan...
Adam Christopher Zaleski
thinking of making the transition from houses to multi-family
I have two single family homes that are rentals in two different college towns. I have owned one for 10 years and the other for 5 years. I am a college prof and have lived in college towns most of my adult life. I fee...
Jon Dorsey
Property Basis for Depreciation
How do I attain basis for depreciation on this property;l?I’m at odds with my CPA and looking to see what I can do to maximize my depreciation on the property I purchased a multifamily at an incredible deal, way unde...
Savannah Leigh
Cut and run?
OK here's an odd one...at least for me:
Had 2 apartments open up side by side one month. Rehabbed both, both on market same time.
Found 2 tenant prospects SAME DAY. Both single moms, both qualified, they picked e...
Val Csontos
Our tenant has asked for a Mold Test, how would you respond?
I believe this a topic worth talking about, since most insurance policy do exclude this from their liability clauses. And you never know when you get a similar call. The property in question is an SF...
Paul Sandhu
What are you doing for TP?
I've got 6 guys moving in to a 2 bedroom house tomorrow. I'm in the process of cleaning and restocking it. There is no TP for sale in this town. So I bought a 4 pack of Kleenex and am leaving it in the bathroom. H...
Josh Smith
Tax Red flags on fully-owner occupied SFH + part owner occupied/rental SFH within 20m
Hi,
I have a SFH1 (4bed/2bath) in which I live with my partner and kid and occupy fully. I also have another SFH2 (4bed/2bath) 20 miles away. In SFH2, I rent a couple of rooms out and keep the rest for my personal us...
Jose Diaz
Stressing out
Ever since I decided to take on real estate as my vehicle to financial freedom and opportunity, I have been relentless. I have been reading more than ever, listening to podcast, attempting to connect with others and f...
Doug Caminita
Grading yard in rental property
I am currently rehabbing a duplex property and have a decision to make regarding the yards. They are not properly graded and often collect water during heavy rains (S. Louisiana). The property is not in danger of floo...
Lindi Nguyen
Underground oil tank found...risks?
I'm under contract on a rental house in Teaneck, NJ that has an under ground oil tank. Apparently, that's fairly common and legally it's on the seller to remove. Curious what the risks are. Seller has agreed to credit...