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How do I account for expenses that are related to my LLC and not to any particular property? Most of the software I've seen organizes everything by property. So far I like Simplify-em, but I can't figure out how to ...
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Hello BP, I'm renting out this single family home to (currently) five individual tenants. One of them vouch for the additional tenant. I modified the lease to add the last tenant move-in date to Nov 1st but I haven't ...
Tenants broke lease earlier, left without leaving forwarding address. We cleaned up the property, found some fleas and dead bedbugs on the belongings left behind ( sorry if I made you itchy ). I know I probably need t...
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I am about to put in an offer on a tri-plex for short term rentals. I have a contractor who might be interested in investing or partnering in some capacity... contributing 20k toward the down payment and about 25k in ...
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Quick question: I purchased property and started to renovate it and my plan was to make it a rental investment until I over spent on the budget. 🤦♀️ Now, I want to 'flip' it but I keep hearing about tax penalties. Ple...
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I'm a US citizen and Canadian permanent resident who recently emigrated to Canada, and I am planning to buy rental real estate in Ottawa. I am hoping for duplex or large single family house where I would live in one r...
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I have a few trusts and LLc's. My attorney is wanting to chat about doing a master LLC with series llcs out of it. For example: Blue sky LLc. Then as you buy additional properties it works like this. Blue sky llc, vic...
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Just closed on my first deal! Whoop whoop! It is a duplex, I’m gonna live on one side and rent to inherited tenants. They’ve been there for about 5 years now and wondering if for any reason I should still have them fi...
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I have a house that used to be my primary residence that has $109k mortgage and $73k home equity loan that I used for stupid stuff as a kid. It would cash flow pretty well if only had the 1st but I have been renting ...
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I have two partners who both have their properties on the market. One of them, Partner A, needs to do a 1031 exchange into the new property (which we haven't identified yet). What's the best way to qualify for a loan ...