Joe Jackson
How to protect my liability on rental properties in Illinois
I have about 5 rental units in Chicago, that I own outright, along with a lot of personal equity. I'm planning on getting more rental properties but want to make sure my liabilities are in check and that I protect my...
Richard Haiber
Operating Exenses
Hello All,Looking into the viability of purchasing a park (minimum of 100 spaces) as an investment, looking to see if anyone would be willing to provide some good info about their operating expenses on a yearly basis....
Sandra Feurtado
Investing in Buffalo,New York
I am a beginner real estate investor looking to do long term rentals in Buffalo, NY. I would like to know which physical areas I should focus on.
Alfred Bell
Does anyone use a Checkbook IRA LLC?
I currently utilize a self-directed IRA. My IRA monies have been invested in a real estate project. I'm coming out of that investment soon and I now want to use those IRA monies for buying at trustee sales. This "Chec...
Caron Bracy
Partnering with a Contractor
Looking for thoughts…I was approached by a contractor to partner up on deals. He is looking to source deals for me. However, he wants me to still pay him the rehab cost for the project and then split the profit with h...
Scott Marsh
Is the cost associated with mobile homes worth it?
My 2nd rental is a double wide mobile home with 8 1/2 acres of land. I thought about buying more homes for this property but wonder if the cost of moving more mobile homes and septic is really worth the investment. In...
David Bray
Flipping - Quickbooks - Opening entry and getting it on the books
Hello,Just starting with my first flip.....FINALLY! I have set up J Scott's chart of accounts and will use asset class to track each property's income/expenses. I am not quite sure how to book the initial asset. I wan...
Edward Romero
What’s the typical expense ratio for MHP were all units are TOH
I am analyzing some deals that have 50% or higher TOH (Tenant owned homes) on MHP (Mobile home park). I am running into some unknowns. Does anyone know what is the usual expense ratio of MHP deals that have this type ...
Monte Blunk
Asset protection question
I have been trying to learn about asset protection and have been talking to Anderson Advisors in NV and another lawyer in ID about setting up a structure for our multifamily complexes here in Utah. Both of them are sa...
Ryan Marker
Separating rental income and expenses
My wife and I have owned 1 rental property for the past 5 years. So far I've managed to keep good records and receipts for all transactions relating to the rental. I'm looking into the best method for me to keep the r...