Steve Vaughan
This REIT got slaughtered today. Anyone in SNH?
SNH dropped 20% today. https://finance.yahoo.com/quote/SNH?p=SNH&.tsrc=fin-srch-v1Oh the importance of buy limits. I've had my eye on this Senior Housing REIT for a little while. The dividend yield was 11%! I ...
Michael Deakin
Allocation of Basis of Farmland Improvements
For all you more experienced RE investors out there, we recently bought a farm which includes a personal residence for our family, several improvements including large buildings and storage facilities for the farm, an...
James Norton
Protecting Your Home
Hi. So I have a question about asset protection. Here's the backstory: A few years ago a friend passed away from pancreatic cancer. From the time he was diagnosed until the time he died was a little over 1-month. He p...
Lalaine Hagler
Pros and Cons on Running your rental property as an LLC
I own 1 rental property and was wondering if I should put it on LLC. Just wondering what are the pros and cons or if its even necessary. Thanks in advance!
Dana Yobst
Lawsuit Award for uninhabitable rent paid: taxable as income?
Hi, we won a lawsuit against our dubious landlord in SF (I'm a landlord too) as the house was well below habitable standards in many ways and resulted in personal injury and property damage. Out attorney said that hi...
Michael Giuffre
Buying rental property with my father - How to structure?
I'm in the process of buying the first of, hopefully, many rental properties and am financing it as a joint mortgage applicant with my father. As I understand, we can not apply for a mortgage in an LLC's name and aft...
Rob Wilcox
Vacation Rental Tax Question
Two Questions...1. We are building a vacation rental in Montana. Cost of the build is about $550k. Not including the land costs. If we’ve spent $300k on the build in the 2019 calendar year, will we deduct that entire ...
Max T.
Individual MTM Agreements for Rooms in a 4br House Near Campus
I have a 4bed/2bath property a block from Temple's campus.But we missed the window for getting a group of students. It took 2 weeks to rehab from the last group and by now all the students have leases signed for next ...
Michelle Eng
How long to hold before selling at a loss
My 2 member LLC purchased a house in Oct 2016. We rented for 3 months in 2016. We rented for 4 months in 2017.We would like to sell as soon as it make the best tax sense. We know it will sell at a loss. How long shou...
Ana Vasquez
Company Structure (Live in Texas)
I currently own 3 rentals, flip houses, and build houses. What kind of legal structure should I be registering the company? LLC? LLC Series? Corp?