Sara Hopson
Eviction process for an R/V on a rented lot
Hi, can anyone direct me to the process for how to handle a tenant that has not paid their lot rent? We bought a mobile home park and several of the lots are lot rent only to R/Vs. We have one that has not paid his ...
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 ...
Vic Reddy
Negotiating Lender Debt due to City demolition
HiWe need some advice on this strange situation. A friend owns a good cash flowing low income Multi family property in TX. This MFH property is 50+ years old and the City wants to enforce recent building codes on thi...
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...
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...
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...
Jason S.
Forming an LLC in which State?
Hi,I am planning on investing in multi-family properties in California and currently reside in California. I would like to register as an LLC. Which state should I register in? Thanks in advance!Jason
Andrew DeWeerd
Inheriting leases at acquisition
When ya’ll take on tenants currently on a year long contract with previous owner, how do you prefer to bind the contract you’ve inherited to include you as the new lessor?
1) Just scratch out old name/address and wr...
Jason Langford
How to structure partnership and paperwork
Looking to purchase my first real estate investment as a vacation home for financing purposes. It is in Florida and I am in Kansas. In order to mitigate risk I have three partners that will put in the same amount of m...