Kayla Shumate
Breaking a lease - California tenant rights
Hello, My question is regarding breaking a lease in California and tenant rights. Situation :Tenant breaks a lease 3 months early. Tenant lived there one year, renewed the lease for a second, but then closed on a hous...
Forrest T Schue
Taxes on a flip
Hello. I’m currently in escrow for a property in Ohio that I was going to originally hold and rent, but now am wanting to flip.
I do not yet have an LLC set up in order to buy this property, and will be buying it per...
Shane Duncan
Will using income to pay downpayment from HELOC pierce the LLC corporate veil?
I am closing on a multi-family soon and the mortgage will be in the LLC's name. All income and expenses will be handled by the LLC. The problem is that I am using a HELOC to assist with the downpayment for the loan. I...
Austin Bull
Gaps in employment: Securing Loan
I'm looking to make my first property purchase. I've been reading that most mortgage lenders require a 2-year history of employment. Does that mean in the last 24 months from now? Or the last two complete W-2 years? I...
Lahiru S Hettiarachchi Gamage
How to get the tax advantages against W2 income
Hello,I own 2 rental properties with a partner and also have a W2 job. My wife doesn't work but doesn't have a real estate agent license. She work on the rental properties in many ways. But her name is not on the prop...
Peter Mikhjian
Capital gains tax strategy - 2 of last 5 years rental
Hello,I've got a question regarding a specific situation I'm in. I've got a property I used to live in for +2 years and then I rented it out. I rented it on 3.1.14 for a 1 year lease and I've resigned with him 3x ( ...
Wendy Carpenter
Best Washington State Commercial Lenders?
I’m looking to find recommendations on the best commercial lenders from all of you! I want to get a good idea of their requirements and underwriting before my next good deal comes up. More specifically, multifamilies/...
Shiek Abdul-Hakeem
Best way to structure an operating agreement with family?
Hey everyone!So I am a joint owner of a rental property with my siblings that we inherited when our mother passed. We're currently turning over the property and an issue came up where one of the siblings wants some mo...
Steve Smith
Title in our name instead of llc
My wife and I have 8 single family homes. The Mortage, insurance and titles are in our names and not our LLC. Questions 1. Should title be in llc name. If so will that cause problem with Mortage company. 2. Insurance ...
Bruce Bell
Should I start an LLC or S-Corp?
I am looking to start my business officially but want to do things the right way. I’ve heard suggestions of a couple different options but Not really sure which way I should go.