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Hey everyone, About 18 months ago I attempted to do my first flip but ended up having to keep it as a rental. I was still new and didn’t know anything about bigger pockets so I totally relied upon my real estate agent...
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Does anyone have experience or knowledge about using land trusts instead of an LLC, for both privacy and legal protection? I am not speaking of living trusts but land trusts. Of course the more private the entity the ...
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Hello,I have a rental in Indiana, and some of the large property management companies there are requiring tenants to pay an extra $30 per month, in addition to the rent, for a "tenant benefits package." The propert...
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Hi,
This might be a very basic question. I live in Los Angeles, California and have an investment property in Texas. If I were to start an LLC, do I have to have an address in Texas? Or can I use an address in Calif...
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Hey folks,
Would really appreciate some ideas from the forum CPA's, tax lawyers. My wife and myself are having full time jobs and work 50-70 hrs a week each that puts us in 35% pus federal tax brackets. I really like...
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Hello All,
Has anyone here from Illinois ever run group homes? Within the next 6-12 months, I want to find properties, flip them and make them group homes. I've heard that people can fix and flip homes and donate the...
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So from what I understand in New Jersey it could take months to get rid of a tenant. In the process of doing so they don’t have to pay rent. Is there a way to avoid this in the lease or other options around that?
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Hello BP,Question about cost segregation. I understand in general the Benefit of doing a study. My questions are the following..Is there a down side to waiting? I was told you should do a cost seg in first year of ow...