Todd Michael
Reporting 1090-INT income on 1040 for single member LLC
In 2014 I created a single member LLC for the sole purpose of using to invest in crowdfunding opportunities. Since its a single member LLC and for tax purposes is classified as a sole proprietorship LLC, all revenue...
Jeremy Cortese
what info can i expect from listing agent
I am a newbie REI and starting to analyze more and more deals. I finally found a 4 Plex with promise through a local wholesaler. Without getting into a debate about whether to use a wholesaler or not, what informati...
Tyler Willson
What are my options in my scenario?
Hello everyone,I am in the process of closing on my first deal. It is an all cash offer within my own family. The problem I am having is that I want to buy the house directly through my LLC, and I do not have capital ...
Mohammad Khan
Market shift what to do with my BRRR deal?
Hi BP,
I went into escrow on a fixer in palm spring recently. My initially planned was to fix it and put it on short-term rental. But given the recent shift in the market I am back on due diligence table. The Palm sp...
Andrew P.
Laundry coin operated
Hello everyone,
What is the general feeling about installing coin operated laundry in multi unit houses? Is it worth it? Should we just leave the houses without laundry?
Thanks!
Tyler Roberts
Refinance, sell, stay the course?
Hello, I’m seeking advice, methods, reality check, whatever it may be.
We currently own two rental properties (details below) and are ourselves renting a place to live in ($2350/month). We have $100k cash right now ...
Diem Tran
I got another stupid question about the 50% rule.
Hi Everyone,I understand that the 50% rule is basically, in MF, is the general rule for expenses which includes vacancy, management, trash, etc. But is it taken from the actually income or potential income or potenti...
Carl N.
10% Down on Jumbo Loan Needed?
Looking at an STR property in Santa Barbara. Estimated purchase price $4.5M. Estimated Revenue 300+ Are there any products available that would allow me to put 10% down?
Jeremy Porto
Rent by the room-friendly PM in Northern VA?
My sister does rent by the room in northern VA and currently she is managing them herself. I am trying to help her grow and part of that would be passing the property management duties to someone else. Are there any...
Kelli Ward
Public Records Request and Commercial Purpose Declaration
We are trying to complete a public records request on tax delinquent properties and properties with code violations. They want us to complete a commercial purpose declaration basically stating we don't intend to gener...