George Zatulovsky
Rental properties in an LLC
I have 4 rental properties in Missouri but live in California. Planning to form an LLC and transfer properties into LLC. I will be an only owner of LLC to avoid filing a separate Federal tax return.Questions :Does i...
Account Closed
What would you do?
I am a 25 year old Realtor and recently purchased 2 homes for investment purposes. Both of them were bank repos and are located in a great area. My goal was always to get as many rentals as possible.
House #1 - One ...
Joe Wood
inherited IRA question
Hey everyone,Tax question regarding an inherited, traditional IRA.I am a non-spouse beneficiary which was listed in the will of the deceased. Therefore, it does not have to go through the estate and probate period.My ...
Sylvia B.
Homeless Moms in Oakland - I'm surprised
JUDGE RULES HOMELESS WOMEN MUST LEAVE VACANT HOUSE THEY'VE BEEN OCCUPYING SINCE NOVEMBERLink above to a Newsweek article published today. I was not surprised by the response of the squatters: "We are not surprised by ...
Jermaine Gourdine
TAX LIENS AND DEEDS (INFORMATION NEEDED)
Hello BP,I am currently a landlord for my duplex but, I recently have some interest in tax lien and deed properties. This past weekend I went to a seminar about this process but I am not interested in paying $4,000 t...
Christopher Dunson
Apartment Syndication differences with and with out RE licence
I have recently completed my first 8 unit BRRRR, and will be moving the primary focus of the business from flipping, and small multifamily to apartment syndication. Recently, I took my RE license test for the state of...
Raymond Sylverne
Wholesale
I recently sent out a yellow letter campaign and have started to receive some calls. I am here to ask a few questions about what to say to some awkward questions that I have been asked. Some people out the gate befor...
Account Closed
Another Flip Sold and Done! - Before and After Pics with Numbers
Hello BP,We've completed another flip, and I thought I'd share some pictures and numbers.This house was pretty simple. Mostly a paint and carpet rehab. Holding costs ended up biting us in the butt.Purchase Price - $10...
Robert Leitner
Fair cost for appraisal
Hi all, I was buying an investment property in Phoenix, which I backed out of today after learning of HOA restrictions. I contacted my broker and asked him to hold the appraisal, unfortunately found out today that I m...
Joel Owens
Apartment questions
So A few items running through my head.
Apartment complex we just acquired.Landlord left over a hundred key snot labeled.
1.I was thinking is it possible for a locksmith to make a master key that opens ALL doors??I ...