Logan Chen
Renting out Unit with a Really Small Room
Hello Everyone,I am currently working on a 2 family property (recently purchased) to get it into rentable condition (cleaning up, new floors, painting etc). After clearing out all the junk out of the first unit, I not...
Ashley Burnley
Lead Based Paint Addendum listed in property description
I'm looking at a potential property but, in the MLS description it's noted to have a Lead Based Paint Addendum. Has anyone had any experience with flipping a property that had a Lead Based Paint Addendum?
Kevin Kim
Lead Paint Related question for rental
Hello I own my MF rental Home (3units) in CT about 1yr. I recently learned that landlord has to have certificate of lead paint to protect from any law suit. The CT EPA rule related to Lead paint mentions "age under 6"...
Eric Welty
Is the Deed Required For Depreciation in California?
My question is for a single family residence do I need the deed in my name to gain the advantage of depreciation on my taxes? As I understand it in Missouri one can depreciate a SFR on their own tax return even if the...
Donna Williams
California resident with WY parent CA sub LLCs
Fine with paying normal CA operating taxes and reg as long as it's once per year not two hits. No active business in WY. It's exclusively for holding purposes for anonymity. If I use this structure will I pay $800 fee...
Chuck Kautz
HouseHacking a small multi family with an LLC
My daughter is going away to college next fall. Can we get the advantages of house hacking while still holding the property in an LLC for asset protection? Also, any advice on when to start looking at properties? Tha...
Derek Cox
Advice on letters for a new agent.
I am about to begin my career at a great brokerage in my town next week. I have about 85 people on my SOI. I was wondering what advice you might have on how I should contact them? I have had a few agents tell me to st...
Jeanette Land
Filing using TurboTax
Is anyone familiar with TurboTax Premier? Was considering using it to file my taxes and was wondering if anyone had any input. I went through someone else last year which has all of my previous rental property informa...
Brandon C.
When To Create an LLC?
Multiple sub-questions when I ask this because I get pretty confused on this topic. When and why do I need to set up an LLC (For rental investing and flipping)? Will having an LLC for 'each' property do any real justi...
Daniel Warren
Creative experienced advice request
Hey BP! Was just throwing this out there in hopes of some experienced advice. My wife and I are expecting our fifth child, so I tied up all the cash I had to invest with in acquiring a bigger house. I am only financ...