Raden Mantuano
"Driving for Dollars" Today's Story!
So today I spent most of my day driving around my area looking for FSBO's, but in a 4 hour time spand I found 16 abandoned homes. I wrote down the addresses. Now as I hear we are suppose to go through the county asses...
David Duron
Personal vs. project costs - investor's perspective
What rules or guidelines do you use regarding what you can bill back to the project. I'm trying to figure out certain expenses and should they be categorized as personal or charged back to the project. Subsequently, r...
Steve Brown
How to I expense pass-through money from my mang company to me
I'm looking for 'bookkeeping' help. I have one company (partnership) which owns rentals (comp1). I have a second company (Scorp) which manages the properties (comp2). I receive Section 8 payments in the name of the ma...
Arthur Voskanyan
RE Property Management AirBnB
Are there any vacation rental property management in San Diego area(Southern California). Also, what are some of the tasks that the PM do upon hire? For example, if I have a AirBnB and have daily clients that check in...
Account Closed
Buying REO and closing issues
I've won the auction for US Bank's REO. It's my first time buying property in USA. For this case I decided to go through the closing process with my attorney (which was recommended by my friend/real estate agent) and ...
Dan Miller
Piercing the corporate veil
If I have an LLC in which I conduct my business, how do I actually take profits out of that LLC for personal use (i.e. pay myself) w/o piercing the corporate veil and losing my liability protection?
Are there general...
Landon B.
LLC taxation if income not collected
Quick general question- If my LLC (s-corp) had profits last year from real estate sales, but I did not collect on any of those profits (ie what was earned stayed within the company account) do the LLC members still pa...
JC Biggs
Company structure for duplex partnership
hey folks. Hoping you can help me work through something. My mother and i would like to build a duplex. We would like to do this as a legitimate business, ie: a partnership. The current thinking is that she woul...
Dave Howland
Nj hard money loan for first flip
Hi all. Lining up the money part of my first flip, I was asked what the LLC name is. I didn't set one up, but am thinking I should now. Anyone have any advice about whether it's just requires or a just a good idea? An...
Dinesh T.
Earnest Money Deposit
I am considering exchanging my property as I am already in contact to sell my condo. I understand that the proceeds of the sale should be handled thru exchange facilitators and that it should not touch my account. Doe...