Wes Blackwell
How Would You Describe The Phoenix Market to an Outsider?
Recently I've been offered a lucrative opportunity to come sell real estate in the Phoenix - Mesa - Scottsdale part of Arizona. Coming from California, I'm looking to educate myself on the local market, economy and cu...
Norman Scott Duncan
Sale of property within LLC
Three family members have owned a house for 10 years - always occupied by a family member. This year we placed it in a LLC (Limited Liability Company) in order to rent it for about 3 months of the year. Now we have ...
Anthonie B.
Keep Primary Residence vs Sell?
I bought a house about 2 years ago. We have two small kids (2 yrs and 10 months) and the school district in our area is not great at all.We are thinking about moving to a better school district within the next year or...
Tina Lee
WY statutory trust for exemption of CA franchise tax
I'm a WA resident and own one property in CA. Anderson Advisors has formed a WY Statutory Trust for me for my property in CA. I don't know what to do next. My property manager is still taking out Franchise tax mont...
Ana Vhan
Questions around Trust, LLC, sole proprietorship, umbrella insurance
This is our situation. Let me know what is the right path for us - Trust and sole proprietorship OR trust and LLC OR something else? We have rental homes in CA and in AZ. We plan to add all of those under our trust. R...
Eric Yu
Business Formation or Asset Protection Lawyer Recommendations In Bay Area? (And CPA!)
Hello everyone! Does anyone have a good recommendation for a real estate attorney (specializing in business formation and/or asset protection) and CPA in the Bay Area? Preferably in the Oakland, Berkeley, Walnut Creek...
Dymond Shafer
Successful first flip...but should I switch to rentals?
Aloha, we closed on our first flip and did very well (70k profit). But BP podcasts, headlines about successful real estate investors and just about everyone I talk to says- building a rental portfolio is the road to ...
Taylor Jones
How to pay $0 in taxes on a STR generating over $120K in revenue
Here’s how that works:Depreciation is the act of slowly deducting the initial expense of an asset against your taxable income. Generally this is over a 27.5 (residential) or 39 (commercial) year time frame. So each ye...
Pete Sloa
HELP!! Bought 2nd mortgage on Judicial sale in Illinois, Cook ct
So I thought I was buying the 1st mortgage here's what happened.2nd Mrg 200K in 2009 - harris bank 1st Mrg 100K in 2007 - harris bank - this is the one that is being foreclosed, but it also has a subordination file.Th...
Benjamin Sussman
When does overleverage get you in trouble?
I’ve heard that people lose everything when they’re overleveraged. When would you say people lose their shirt in RE investing, when debt to equity ratios are to high or when their debt to cash reserve ratios are too h...