I'm getting to the point where i should start to look into what an LLC can do for me. My wife really wants to set one up but I can't think of a scenario where i'd be sued for more than I'm already covered. I honestl...
I have lived in the Inland Empire my whole life. It has gone through 3 Major booms and busts. Every time there is an insane amount of inventory compared to every where else in SoCal. Currently we are in the best buyer...
I recently inherited some multifamily property and the longtime property manager has leases set up with many different due dates. About half are due on the 1st, some on the 15th, some in the 20s, etc. The main reasoni...
Hey everybody! Quick question for you guys -So I know this isn't a new idea, and it's been floating around in my head for a while, is there a need for a good virtual assistant for vacation rentals? I'm talking about a...
Hi there, I am new to real estate investing. We currently own a property where we rent out the basement suite and live upstairs. This is the first step we took towards achieving our real estate investment dreams! Look...
So say you've been depreciating a property for 10 years. Year 11 rolls around and you completely replace the roof. Does that just increase the remaining depreciable balance (basis) for 17.5 years? Or do you deprec...
Can I pay a contractor with cash, but still write it off as a business expenses. If so, what is the best method for doing this? Should I be creating invoices and receipts to document and show proof of money's going out?
Hi all - finally hit the ground running and closed on my second (first real investment property) property on Friday, and have been trying to get a tenant into one of the units (other unit is occupied) ASAP.Here is my ...
I'm going to start doing buy/rehab/sell deals with a money partner. We'll be 50/50 profits and losses. The purchase and rehab will be funded 100% from his money. I will be doing all of the finding and project manag...
Earlier I asked about how to become a property manager, and got some great responses and have been talking to people all about having a property management company.Now I want to know the pros and cons and all the opin...