Jeff Pavalone
New Landlord In Connecticut
Hi Team,My Cousin has recently acquired a home and is looking to have roommates. I am not familiar with Connecticut laws. Can anyone give insight into steps she needs to take to be having roommates legally.Any suggest...
Stephen Hoang
Help identify wood eating bugs
Hello,I bought a house and while doing renovation I started seeing along the bottom edge of a couple walls appear a muddle of coarse powdery subtance like sands. I think it's a residue of wood eating bugs. Just won...
Rob Bianco
Making a Property Offer
I've been reading some books from Bigger Pockets and a recurring theme seems to be to get a deal on the sale price of the property you're interested in. To me this sounds like you should offer below asking price. My q...
Neil Gulden
Should we use an LLC or an S-Corp?
Hi,
My friend and I are forming a company to begin flipping houses. We're going to generate leads via direct mail and cold calling. My question is, should we do business under an LLC or S-Corp? What do most flippers ...
Freeman Schultz
Does an owner pay rent in an owner occupied building?
For an owner occupied building, do owners pay rent to themselves or do they waive it? Are there any tax benefits or liabilities of doing either? Is it easier for an owner to pay rent to themselves in terms of account...
Brenda Kinney
accepting down payment
If you are in escrow, and have accepted a down payment, is it too late to arrange a 1031 exchange in California?
Jay Helms
Vacancy Expense
If you own a property free & clear or when calculating for a cash purchase, do you still calculate a vacancy expense when determining cash flow? Why or why not?Cheers.
Budhadipta Dan
ADU rental on primary residence — depreciation question
I m debating whether it would make sense to build an ADU on the backyard of our current SFH property in South Bay Area (San Jose). Had a few questions: - I understand that mortgage interest, prop taxes, insurance, and...
Christopher Drane
Raising Rents as New Owner
Hi All! I just purchased a 4-plex. 3 of the units are leased month to month and have long term tenants (13 years, 4 years, and just over 2 years) The 4th is going to be owner-occupied. The rents are currently well b...
Jason Lucas
Two homes on a single lot - what gotchas should I be aware of?
Hello,
I'm a first time landlord. I'm looking at a property that has 2 homes located on it. The description states: "it is a Invest type of property with 2 houses on one parcel that CANNOT be separated per the city"...