I have a couple of rental properties now that my son manages and I pay him for that, but not sure what the correct legal way to do that- do I send him a 1099 for work performed? We are also looking to expand with him ...
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I just contracted a house in a desirable location/schools that needs a lot of work. We are not scared of that, but got the home at what we feel is a great price and we thinking putting $100k in it will soar its ARV /...
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Here's a thought in SDIRA versus loaning to oneself from the 401k. SDIRA as we know comes with all sorts of fees.401k can be used to loan money out to the holder of the account. I always thought that to be a bad idea ...
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Hello All,
I am closing on my first rental property this week and am extremely excited to get started. I am trying to prepare as best as I can before closing to get everything setup as needed. Once the property is mi...
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Long story short, I am a wholesaler, but something interesting came my way, and I want it, or I think I do. I have never owned rental property, but I plan on hiring management since the property is out of town. An o...
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My partner, who is a dentist, and I acquired out first commercial multifamily back in February. I have been intrigued by the possibilities of cost segregation to increase depreciation and insure that we offset our inc...
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Hello to all, I am relatively new to owning and renting out property so any help here will be much appreciated! I have rent that comes in for one part of my building and before too long I should have additional rent ...
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Has anyone had any experience swapping properties. I’m trying to sell a property for another property, Entity A owns Property 1, Entity B owns Property 2, we want to swap our properties so that Entity A winds up with...
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I formed a partnership with an investor and we have $300k sitting in the operating account. Rather than paying a property manager a $1,000 fee to place our tenants in the property, I am doing that and partner told me ...
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My partner and I started a LLC in January 2023 with the intent to purchase an investment rental property. But 2023 interest rates soared and we couldn't find a deal that worked. In the process, we did incur expenses...