Wondering what are the legal implications of renting out legal garage extension for house in San Jose to a family while we live in the main house. Appreciate any advice/links which I can refer to.

Hello everyone,In the section where the seller's agent write a description of the property, often times i see something like "Owner and Agent do not warrant legality of Unit." I'm not completely sure what that means. ...

I am in contract on a vacation home that I will also use as STR. I plan to use conventional financing. The lender stated that if I say it is going to be my primary house, then the down payment is only 5%. Where as if ...

Good morning, BP!  My wife's grandmother has an out-of-state rental property that she has considered selling.  It is a small condo valued at around $75k and has not been updated in over 20 years because she has a sati...

I’m looking to buy rental properties out in Ohio but live in. California. I’ve seen debates on this forum regarding what types of entities to set up so I think I want to get a professional to help. People suggest hiri...

Hi Everyone!My mother would like to gift her $850K house (100% owned; no loan) to my wife & me. At the same time, my wife & I would sell our  $1.5M house ($1.4M is equity), and use the proceeds to 1) transfer...

Greetings,one of the agents I work with in mid-Hudson valley (Putnam and Dutchess) keeps saying "well, because it's over 4 units there are tax implications..."On the question "can you elaborate", I got an answer "well...

I was recently hired as 1099 independent contractor in Florida. I have been curious, what are the benefits on registering an EIN for LLC vs a personal SSN? I believe that by transferring over everything from my name...

Hey all!
I hope all is well :)
When it comes to real estate investing, I've heard that many investors choose to form a two-member LLC with the default tax status as a partnership. However, I'm curious to know if it'...

Hey everyone -Found out today my tenant faked their bank statements and employment. It was poor screening on my part (I used Zillow's rental manager, but didn't realize the income section wasn't verified). I'm in the ...