Account Closed
LLC Income tax free to another LLC?
Does anyone have income from one LLC flow directly to another LLC that they own?I own 25% of an LLC for flipping houses and similar. I own 50% of another LLC for building homes here and there. I am thinking to open a ...
Joshua Bennett
rental property Personal ownership to LLC
I have two rental properties, mortgages on both of them, and want to transfer them to their own LLC's. Is there a way to do that and not have the banks call the loans? Does this happen often if at all? How do I avoid ...
Account Closed
Avoiding Property Gains Tax
Hello everyone. We are in the process of developing a few commercial acres. We have two buildings going up that will be offered for sale or lease. This is not our main business. If we were to find a buyer for the prop...
Joe San
Landlord Insurance in New Jersey
Hello All, I am in the process of buying a property in New Jersey and am shocked at the insurance rates I am receiving for landlord insurance. A duplex is quoting me around $2000 a year and that is with only $500k in...
Phillip Syrios
Keeping track of garage door openers
Anyone have a good system for keeping track of lots of garage door opener remotes? We manager about 400 units and with keys we have a pretty simple system with a locked cabinet in our office where we have all the spar...
John Leake
Dealership Fixed Operations Manager AMA
For a little background I am the Fixed Operations Director at a Chevrolet dealership in Illinois. I have been with the dealership since 2007 when I started in the detail department. I then started working in our sales...
Kelsi Kleinow
Rolling over old company’s 401k to a Solo 401k
Any tips are things to watch out for in rolling over a 401k from a previous W2 into a Solo 401k account? Looking to use the money to invest in real estate.
Daniel Hart
How to offset capital gains from a flip
I don't normally seem to make money, so I don't have this unusual problem :)
I am expecting a gain of about $50k this year from a flip deal. I have 15 rentals and I will probably depreciate them all, and take any ...
Kay March
Electric car fire risk in rental housing
After reading reports of serious, damaging fires caused by electric car batteries, I'm considering disqualifying potential tenants who have electric cars and putting a clause in my lease prohibiting electric cars and ...
Aaron Lang
Big plans/small credit
Hi Guys,
I have less than desirable credit ~600 (had a business loan that I defaulted on a few years back). So I'm looking to find a deal with seller or "creative" financing. And I am looking for a commercial space (...