Yael Fuerst
Where to open bank account
Hi,I am US citizen who live out of the States and I recently bought a property in PA. I want to open a US bank account for my rental income and am wondering if I can do so in FL, where I plan to visit this week, or is...
Brad T.
Please Help Analyze This 12 Unit Apartment Purchase
Hello Everyone, I have just placed an offer on a 12 unit (3 fourplexes). Can you please give me your thoughts on the deal. The numbers seem to be good to me. Any advice would be appreciated.Offer price $800KOwner ...
Tom Hick
Tenant left with a PGW bill in excess of $5k
Tenant left with a PGW bill of $5000 plus. I am in Landlord Cooperation Program but still unsure if a lien will go against my property since the amount might of accrued before entering in their program. Tenant is dem...
Drew Halvin
Taxes Multi Member LLC - Capital gain or ordinary income
Yippy made some money in my first year flipping...now time to figure out my taxes. I'll preface by saying I'm a CPA but don't let that fool you as I was just a former auditor with probably no more expertise in taxati...
Paul True
Vacant Rental Sold Not held out for rent during sale period
So I decide to sell a rental property within a LLC. for which I am manager. It was listed for sale while occupied but then the renter moved out. Shortly after the property sells. Now I discover seemingly bizarre IRS r...
Dennis Orwat
Security deposit return due date missed; recourse?
Hello, lived in SC now out of the area. Landlord did not indicate she was sending back security deposit until 34 days after end of lease. SC statute says: -----------------------(a) Upon termination of the tenancy, pr...
Scott Krone
Self Storage Passive Income Syndication
We are converting our fourth commercial warehouse into self storage. We are interested in learning what investment strategy would investors find more attractive for passive income syndication investors. Here is th...
Adam Stone-dare
should I use personal credit cards for rehab?
Hello.
My plan is to start rehabbing in Texas and then acquire some SFR rentals and hopefully some multifamily.
I've decided against forming an LLC at this point because I have yet to do a deal and the only assets I...
Matyas Sustik
When a syndication is managed really badly...
I am invested in a syndication as a limited partner. The property is an apartment complex in the South. It has been struggling for several years now. Distributions were halted before COVID hit and then COVID brought m...
David Duval
How would you structure this deal?
Wanted to say thanks because I've learned a lot from reading this site the past few weeks and look forward to giving back in the future.
I just got a lead off a direct mailing campaign and the owner owns the property...