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Hey everyone! I'm currently looking at a deal that has a septic system attached. I'm looking over the financial aspects of the deal and just doing my due diligence. I'm asking if anybody knows the opportune costs for ...
I would like to get opinions on a plan my fiancé and I are working towards. We would like to start investing in multi-family properties for multiple reasons some of them being to produce passive income, retire or sem...
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If an LLC elects to be taxed as an S-Corporation, what are the specific tax provisions that would need to be included in the Operating Agreement in order for that tax status to hold in court down the road? Thanks
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Backstory: I'm in the process of selling a property that has had a significant amount of appreciation. It was purchased as a primary residence and I "house hacked" it for several years before relocating with work an...
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Hello Friends,I encountered with the first tenant problem.I own a 3bed room unit in Windsor, Ontario, Canada. Rented, tenant moved in on 1st of this month, signed the 1 year lease(have all the papers signed), paid 1st...
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Earlier this summer I made an offer on a property in Surprise Az and have been waiting on lender's approval. My agent emailed me this weekend telling me the house is scheduled for trustee sale on Friday and he has a f...
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I am considering forming an LLC just to hold residential real estate for liability protection. I would quit claim a deed from my personal name to the LLC.-When I sell the property, would I be paying a tax on the prof...
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Hello everyone,So my business partners and I are thinking of starting an S Corp vs an LLC that can be taxed as an S corp. I just wanted to ask what are some of the benfits tax wise and if someone can send me a contac...
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I'm guessing this topic has been discussed many times, but this is my first time with this problem, so I appreciate your forbearance.I have a rental with wall-to-wall carpeting. I had a tenant with a dog. Apparently t...
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Hey guys, I have a Detroit rental property that has tree roots in the storm and sanitary and both are trapped. Besides tearing the backyard up what other options do I have to remove these root so my tenant will not ha...