Max Labo
Separate Bank Accounts for Rentals
I recently purchased first rental property. In the future I plan to transfer into a business, but for now the property is under personal. I wanted to open a bank account strictly for tracking my rental. Any suggestion...
Amy Larsen
First Property Purchase
Investment Info:
Single-family residence buy & hold investment.
Purchase price: $143,500
Cash invested: $7,175
My first house purchase. House hacked by renting out a bedroom to my friend.
...
Sara Batool
Tax on Primary Residence sale within an year
Hello. This is my first post here. Thank you to everyone who makees this forum such an incredible resource. I've been able to find somewhat of an answer to my query below but hoping someone can confirm my conclusion.M...
Brad Pierce
Advise on setting up an LLC, thank you in advance!
I recently purchased my 1st duplex in Valdosta, Ga. I currently live 30 minutes away in Florida. Do I need to set up my LLC in Fl or in Ga? I plan to grow & buy my next duplex in the 4th quarter of 2018 & pla...
Estefania Concha
Security Deposit Charges
I have a tenant that was supposed to be out before the first. On the first she was still moving out and than when I inspected the house a few days later it was infested with cockroaches. I had an exterminator come out...
Rashaad Fennell
Finding the right mentor.
I’ve worked for the city for about 10+ years. I’ve seen the city change right before my eyes for (Tampa, FL). I’m looking be apart of the change. I’m currently a water treatment plant operator over night. My goals are...
Max T.
Enzyme odor remover - Mr. Icky Poo
I'm dealing with a rehab where cats were doing their thing in the same place for about 15 years. The smell was pretty bad when I first got in there, but now that I removed the existing vinyl plank flooring the stench ...
Pavan Sandhu
primary residence to mixed use building
hello all- Tax question.Can someone who purchased their home w/ FHA financing sell 6 months later and roll profits into a 1031 exchange in order to reduce tax thresholds? or would you recommend a better strategy? Prim...
Bryan Feik
Using 1031 Exchange funds to purchase primary residence
Im considering purchasing a new primary residence. To fund it, I would sell my current primary residence and potentially one rental property (havnt decided which one, unfortunately I do not have one I have lived in f...
Amanda Hensley
Is it possible to get owner-occupied financing for a 5 unit building?
We are considering our next investment, and one of the things we've been thinking about is moving into multi-family / apartment buildings. There is a 5 unit building near us and I think the numbers are OK on it (not ...