Scenario:Sell a rental I've held for many years in an LLC. Net $250K1031 the $250K into my former primary residence which has been a rental for the past year, but lived in 2 of the past 5 as my primary res. I hold t...
Wanting to brainstorm or at least get feedback on an appropriate pet policy.My rentals are mostly in rougher neighborhoods, but far from the inner city warzones that some landlords are used to, as all my properties ar...
Hello everyone,Is it possible to move/re-position an occupied mobile home on the current land. I'm looking into purchasing 7 mobile homes plus 13 acres of land. The land has a pond in the middle and a septic tank behi...
I invested 50K in a syndicate. They used cost seggregation and put 50K as losses in year 1. This showed up in box2 of K1. My CPA put that as loss in my tax return and carried it over.Next year they sold the property ...
I have an investment property in an LLC acquired through a 1031 exchange. Should I decide to demo the property in 4 years and rebuild, can I do a cost segregation analysis and use it as a primary residence or will the...
This might be a dumb question - but here goes: In my search for my first investment property, every realtor I speak to has the same question - how much am I going to put down? My question is this - assuming you clos...
Land trust holds property, LLC is the beneficiary. Are rents paid to the trust? Is this paas through, on tax return, like an LLC? Property insurance in the name of trust or LLC?
thanks
Any tips on getting tenants to read their lease? Sure we can make them comply but it would be nice if they knew what was in their lease so we aren't the 'bad guy' enforcing aspects of the lease they were willfully una...
I live in California, and have recently closed my first few real estate deals in Wisconson. I want to create entities to protect my personal assets from consequences of the real estate business.
As I understand it, ...
Hi BP!I've been a member of the site a little while now, and I've been networking, reading forums, listening to podcasts, reading books and sitting on webinars in an effort to learn as much as I can before I pull the ...