My business partner and I recently purchased a property in our names. We would like to assign the property to an LLC where we are the only two members. In the bank note, it says if we assign the property without the...
I formed 2 llcs in 2019. One is for me a partner with a multi family and the other is for me and another partner for a single family. My question is, for tax purposes do we need to do anything else other than just dec...
Looking to speak with an attorney who is seasoned with NYC rental laws. I have a 3-unit property, one of the apartments (3BR) is being rented out to individual tenants/rooms (SRO). It was structured like this when I p...
In 2021, I refinanced some properties with some PE-backed lenders. The loan officers convinced me to put them on a multi-property loan. There were provisions to sell individual properties out, and when I got an offe...
Any help is appreciated. I met a tax person on this site. And we had a terrible experience. I dont know if I’m allowed to name the individual? I just didn’t want anyone else to get played. I’m also filing a complaint ...
We received a message from a tenant who lives in a shared apartment letting us know that their roommate used a racial slur and that it made them uncomfortable. The slur was not directed at them, I believe it was simpl...
Lets say you find a 4 bedroom house. Would it be better to find 4 different renters and treat it like a 4plex thus never leaving you with a month of $0 rent or is it better to have less hassles and just buy 3 bedroom...
I'm looking for more information on how to invest in real estate with a small group of individuals holding long term rentals preserving the ability to like exchange when investors want to cash out. 1) Is there a way I...
Hey everyone,I'm pursuing a whole deal for this portfolio of two properties (9 unit apartment / quadplex) and having trouble finding financing options and was hoping for some advice.I am new to real estate investing ...
Hello, Last year my dad gave me a 100k full recourse loan, at fair market interest rate, for a primary residence.Looking at IRS pub 1098 https://www.irs.gov/pub/irs-pdf/i1098.pdf It looks like we need to fill out a 1...