Johnson Best
The deteriorating relationship and late rent from tenant
Hello Bigger Pocket Experts,I am facing unprecedented situation with my tenant I am under California law.1. The relationship between us are at at its bleakest point, they were not happy I didn’t fix things in time (I ...
Allen Tracy
Ohio LLC pays California LLC annual fees???
I live in California and I have some properties in Columbus, OH. I was thinking about creating an LLC in Ohio for future purchases since their annual fees are low. My new CPA is telling me that I'd also have to regi...
David D.
Tax Out of State Income
If I live in CA and earn income from AZ (re sale or rent income, note sale or interest income) do I pay CA or AZ state taxes? Does it make a difference if assets are owned in an entity?
William Dubinsky
Seller can't afford to close - suggestions?
I've been under contract on an out of state SFH that was supposed to close mid-way through December. After several rounds of negotiations, repairs and inspections I wired my money to close only to find out the seller ...
Account Closed
Taxation in California for investment property
I once lived in CA and in 1988 I bought a small 2 BR in a working class neighborhood. I have not lived in CA for 15 years. I sold the house this year and there was huge appreciation. The escrow company is insisting th...
Jeff Parkerson
Getting Started
I've been reading posts for a while and I'm wanting to get started with my new career in REI. I was about to purchase the $15k course from Renatus, but I've read on here that it may be a scam.
Some of the investors ...
Chris Shon
Do I need a Real Estate Tax Accountant?
Hello BP community!We started an LLC last year and are about to file our first return for 2024. We have purchased a property for flip that's currently under renovation. I wanted some advice on whether we need a specia...
Cathy Dykstra
Hold California properties or sell and buy in another state?
Been invested in Nevada City, CA properties for past 9 years. I own 3 properties with 5 doors. 1. My office building. Own it outright. Purchased 9 yrs ago. My office and equipment yard (I own a landscape design/b...
Anne Whalen
Tenant Behind on Rent, lease up in a month. Best action to take?
Hi everyone, We have a property in Pittsburgh, PA (we are in California) where the tenant hasn't paid their rent for a couple of months. They have been good tenants up until recent medical issues and have fallen behin...
Carson Wilcox
Found a flip target, its a foreclosure, in California. now what?
I have found a house that looks pretty good, for my first flip. it is on realtor.com listed as a foreclosure, I KNOW I KNOW>>>> MLS deal for a flip is garbage etc... BUT, I am working angles on off marke...