Gere W.
How to Split Ownership of Property
What are ways to split ownership of property? As in, the actual logistical steps. Who to talk to, what to bring, what to arrange, costs and fees, issues, timeline, etc. Types of ways to split property? LLC? S Corp? Tr...
Mark Roberts
Conventional Loans and LLC's (or other corporate entities)
I have a question about holding SF rental properties in an LLC (or other corporate entity) and being able to do a conventional refi after a hard money loan. I'm an extreme newbie so I apologize in advance if I use te...
Jingru Sui
Use tax id to run background check?
Hi, one of my potential tenant was asking if she can use her tax id instead of SSN. Can I use a tax ID to run background check? She said her roommate is going to have SSN but is also fairly new. What does fellow landl...
Matt Anderson
Can my neighbor be my property manager?
Is there anything to be careful of (legally) with paying my neighbors (that I trust) to be my property manager when I move out of my house hack?To be clear, I have no intention of them being in charge of finding/scree...
Gabe Chime
Should I set the max number of adults?
I am trying to rent a brand new 4 bds 3 ba 2,230 sqft house in a new development in Austin.Should I limit set the maximum number of adults?The HUD + local zoning rules allow 6 unrelated adults.Would it be wise to limi...
Brandon Yuan
Inspection for a 30 units Apartment
Hi all:I just got a 30 units apt offer accepted. Now here comes the fun (hard work) part. I have a few questions regards to physical inspection during due diligence that I'd appreciate some inputshould I just walk eac...
Eric Williams
W-2 Income and Depreciation Offset - HIGHLY UNLIKELY
It makes sense to want depreciation to offset ordinary income.
Here's the kicker:You need to establish that you are real estate professional. Then you establish material participation.There are two tests to a real es...
Chiane Martin
Rooming house help?
Hi everyone,
I’m an investor in Cleveland. Born and raised here. I currently have 6 doors. I just recently bought a single family home and had a contractor tell me about making it a rooming house. 4 bedrooms, 1 bath....
Daniel Hansen
Structural/foundation classes or info?
A few team members and I are looking to take some type of educational course/class regarding structural and foundation issues and their respective remedies. We visit distressed properties and typically need to make a ...
Serge S.
Any had a 1031 challenged or disqualified
Wondering if anyone had a 1031 exchange challenged by the IRs and the issue and result??