First of all, let me say that everyone here has been my rock since we started this whole process! I appreciate all of the helpful comments!!!I was having issues getting applications on my rental. We have had quite a...
Hello! Yesterday, I received an email from a deceased tenant's niece saying he passed away. He was an elderly man. His extension contracts ends on Jan. 31st 2017. His niece stated they will vacate the premises by ...
Me and my wife have 9-5s, with poor credit and considerable debt so I understand Flipping and buying/holding is out of the picture....for now. Want to begin Wholesaling in the Tucson area, looking for some guidance! W...
I'm doing a 1031 Exchange. I'm right in the middle of the 45-day window to identify. I haven't yet found anything that gets me too excited yet and I'm feeling a little stressed about it. The whole thing could blow up...
My CPA retired in 2021. I am doing my own taxes for the first time in years with Turbo Tax program for 2022. I have multiple properties & small side business of less then $5000 a year. I have gone through the prog...
I want to share the details of my Asset Protection Strategy. I welcome constructive comments.- First of all, I live in California as it has very little asset protection (for instance no tenants by the entirety) and it...
In this situation, $60,250 has been collected in rents over a 12-year period ($38,000 net), yet I cannot tell who, if anyone has a reporting or tax liability for the rents collected, or when their liability, if any, w...
I have decided so far not to create a LLC for each property, instead using a good insurance. Also because getting loans is complicated in LLC and there are fees for each LLC (just $800 per year franchise tax in Califo...