Stephen Lynch
Fear of buying outside of your local area
Hello,I live in Virginia Beach where it's not the easiest to find cash flowing properties (homes are expensive, rent is fairly low). I'm considering purchasing outside of Virginia but I currently have a fear of the un...
Jonathan Leblond
Money transfer from Canada to USA
Hi, I found a partner in the US to buy some rentals. I want to transfer the money from Canada to USA so he can pay for the cash down and all the fees. Anyone have tried online money transfer cie to send money from Can...
Josh Smith
Schedule E (Passive losses) -> 1040 (personal income)?
Hi
I recently had my 2022 taxes prepared (not yet filed) from a firm and I noticed that they took line 26 of Schedule E “Total rental real estate and royalty income or (loss)”, which is say -$5,000 (notice the minus/...
Gary Li
which form should I use for reporting Rental Income
I have a LLC and tried to transfer the Tile of my rental properties from my name to the LLC, but I heard the Lender would not allow to do it. so I use my LLC to sign the rental agreements and collect rental incomes an...
Cynthia Stith
How do you collect application fees?
Hello, I wanted to reach out to see how other independent landlords collect application fees.I manage the property from out of state, so physically being at every showing is impossible - and I don't necessarily want t...
Victor Sprague
Best Way to Return Tenant Security Deposit?
Hello,I am curious what you all have found to be the best process for returning a security deposit to a tenant after they have moved out. Thanks!
Fareen E.
Seeking LLC Guidance; Long Time Realtor, First Time Investor in Michigan
Good morning! Great to be here.
Just obtained my first LTR and did a mild flip to improve some cosmetics. Before I advertise it I need to clear up some confusion so I can start on the right path. I realize the LL...
Allen McGlashing
Is this my way out of a lease agreement??
Hey guys so I inherited my tenants and now one wants to bring in a roommate I vetted him and everything came back great. I was wondering with adding him can I change the current lease to a new one? Currently the lease...
Matt Kvalheim
1031 Exchange - can I purchase a seller's LLC?
I recently sold a 4 plex that was held in my name and I want to 1031 exchange into a small apartment complex, which I have under contract. The apartment complex is held in an LLC, single member. Rather than purchase ...
Jeffery Drayton
Collecting rent on property in own name
Hello Everyone,I was wonder what type of structure is best for collecting rent on a mortgaged property that’s under my personal name. I know about transferring it into an LLC but I don’t want to trigger a “due on sale...