Nick M.
Which State to Incorporate In
Hey All,Purchasing a building in Philadelphia, PA as a New Jersey resident. Do you recommend the LLC that will own the building be incorporated in PA, NJ or does it not matter?Thanks for your advice in advance.
Amanda Preston
Subdivided land- tax
Hi all!
Purchased 20 acres of bare land in 2021. Subdivided it into 2- 10 ac parcels. Sold first parcel over a year later in 2022. Sold other parcel in 2023. Did minimal work on them, added driveways to each and that...
Ray D.
New Member - One Investment Unit - Advice for 2nd Needed
Hello Everyone! I am a new member here that recently discovered this podcast and it is great!I purchased a small condo a few years back as an investment and I have tenants in it.I paid it all off already and they are ...
Michael Ndjondo makadi
Can trip expenses to go buy a first house be tax deductible?
Good evening to all.I am just getting started in my RE investment journey and after long thoughts I have finally decided to invest in Wichita, KS even if I live in San Diego. I have lived there for a couple of years a...
Jeremy Lee
Co-ownership and section 121
Hi all,
Wanted to pose an interesting question for feedback:
Is there anything in IRS section 121 that speaks to the impact on holding periods when there is an increase in ownership interest in the context of a prop...
Lucas Dubs
Florida law on late fees
So I’m closing on my first house in a couple weeks in the greater Orlando area. I’m gonna be house hacking, so I’ve been reading the landlord tenant laws for Florida (chapter 83 part II). I can’t find anything about l...
Maxim Lorenz
How to address fish tank in rental?
I have a tenant in Texas who to this day has been great, always pays rent on time, receptive of rent raises, and overall transparent and takes care of the property. Our lease is set to expire 30 Sep 2022 and we renewe...
Sergio Serra
Seeking Advice: Relocating to Palo Alto - Keep or Sell My Irvine Property?
Dear friends,
I have been a part of this community for many years, and it's thanks to your support that I gained the confidence to purchase my first house exactly two years ago (on October 1st). Now, I'm facing a dec...
Paul D.
Financing an improvement to a property
Hello,I have a single family rental, the city will allow me to build a detached garage with an apartment above it and convert the property to a 2 family. The property has a 250k mortgage (4% Apr). and is worth around...
Jennifer Hashisaki
Tips for Finding Great Tenants for your Rental Condo
When renting any property you own, it is imperative that you locate reliable and trustworthy tenants to ensure your home is cared for and the bills are paid on time.
Advertising for and interviewing tenants is much l...