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Hi! We've just set up an LLC for our RE company and were recommended a tax accountant to use for the initial Balance Sheet and tax prep. He's charging $400 for the initial set up and to create a bill of sale for asset...
My parents own a rental (has a mortgage) that we were going to transfer it under an S-Corp assuming it doesn’t trigger the due-on-sale. However, after an analysis, Turns out the property is not very profitable, so we ...
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I’m scheduled to close on a property that Friday but I do not have the appraisal back. We had a financing contingency stating I’d be able to get financing for 80% ($295,200) within 30 days of an accepted offer. My len...
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Hello all - I manage a property management company and am looking for advice or suggestions on the best communication software to use to interact with your tenants. We currently use Appfolio as our property management...
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I recently was approached by a company who wants to buyout my rooftop cell tower lease. After getting approached by 1 company I reached out to a couple others to see what the lease was valued at for other offers. I am...
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Seeing if anyone may have run across a similar situation or knows of a next step. I purchased a SF rental property through a wholesaler. Invoices were provided to me showing previous foundation work with warranty. The...
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Curious for suggestions on great tax and business attorneys. I live and invest in Omaha, Nebraska, but I’m informed that I don’t necessarily need a tax attorney from the area. For example, I’ve heard great things abo...
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I have the opportunity for a purchase of a gas station with a new NNN lease for 5 years with 2 additional 5 year options. Nothing to do but collect the money. Initial return would be 9% but build to 18% at the end o...
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Situation: Townhome that was REO in which the bank accepted my offer after FOUR counteroffers.... Then nit picked my initials on the offer document 3 seperate times in which since my name is written (first, last, Jr)...
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I'm in Chicagoland western burbs invested in couple rentals. Looking to get back into flipping need some help and knowledge on private funding and how to start self funding 401k