Here is the standard answer to all legal and tax questions: it depends. In this case, it really does. We have to start by answering 3 critical questions:
What kind of real estate business?Did it actually start in 202...
New investor here who recently closed on my first 4 units. The 4 units are owned under a LLC that is set up as a partnership between me and my wife. I recently met with a CPA to discuss my tax filings for next year an...
I have few residential rental properties, for which me and my wife are on mortgage but did deed transfer to LLC. But as for filing taxes we elected as S-Corp, it's been few years we have this set up, but learned that ...
Hello! My mother-in-law passed away 8 years ago and left us (wife and her brother) a house at the beach. She did not leave a will and my brother-in-law was named executor of her estate. He has left the property in h...
I am looking for water submetering options for my fourplex in IB. Many of the companies seem to only service larger properties. Additionally, the option to monitor myself is appealing as opposed to paying the vendor. ...
Hello,
I'm a newbie to real estate investing, I've been doing research but this stuff can definitely be intimidating. I live in California and buying here is not an option for me right now which leads me to out of st...
Good evening,
Has anyone had success in transferring investment properties to their LLC or a trust account? If so how did you go about it and what if any was the push back form the mortgage company?
Kevin
Should I care about buying homes in awful condition and in poor locations as long as there is an end buyer that buys junk homes in poor areas? My thing is this. If someone buys and rehab a junker house in great condit...
Hello everyone,Has anyone ever used promissory notes with investor capital on a property? I'm looking at a property where I would be using two different passive investors. The numbers won't work if I have to pay a s...
Can you please help me validate the LLC structure that I have created for our properties? Right now, I have 3 doors but over time, say 5 years, I expect this to grow to 15-20 properties.Some questions that come to min...