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Investment Info:
Single-family residence note investment investment in Lakeview.
Purchase price: $75,000
Cash invested: $15,000
Remodeled 1930 home with a bathroom addition. 2Bed/2Bath 750 sq ft.
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My wife and I have an LLC. We divorced last year. We are in a community property state. The rental proceeds have been claimed as regular income on our 1040's. We want to sell one of the two remaining properties in the...
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Hi, I'm looking to go in on a rental property w/ a partner, I'm hoping for some tip and pro/con on different organizational structure: Details--this partner and I own our current residence (30yr mortgage, not married,...
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In January I will be legally documented as the new owner of my dad's business. My sister has one property that is under her name which she no longer wants to manage or continue owning. I was wondering if we could use...
I’m planning to buy my first investment property in New Jersey. I’m not sure how big to start. Should I go for a two unit property? Or save a little longer for a 4-8 unit property? How much should I have on the side a...
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Hey Everyone,I am at the beginning of my REI journey. I currently have a Series LLC, I have it structured with the parent LLC not holding any properties only cash for acquisitions and each series has one property in i...
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I think I know most of the answers to the proposed question and do know that it will require the proper steps through a real estate attorney and/or CPA. For my own edification, I wanted to propose the following.Curre...
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Hi BP,Looking for advice on choice of financing for our first few residential investment properties.Background: No loans in our name to date. Bought and renovated in cash and doing cash-out refinances to recoup capita...
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Hey all, I was chatting with some landlord friends and trading notes about what part of being a landlord stresses us out the most. One that kept coming up was remote management. Curious what other landlords stress out...
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whats the best software for managing accounting and taxes of rental properties. Is quickbooks still the goto or is there another great software solution?