Sean Connolly
Subdividing two properties on one lot and selling them separately
I own a 3 Family property. On 1.4acres, there is one Duplex ( 2 1BR, 1BA) and a single family ( 3BR, 1BA) I bought the property for 315K. I have 305K left. I have seriously been considering subdividing the two houses....
Jeff L.
Should you combine properties in a single LLC or separate?
I currently have a single member LLC with a commercial property under long term lease. I am on the verge of purchasing my first vacation rental that I had planned on putting in the same LLC. However, my accountant sug...
Jian G.
Anyone have experience w/ process of legally separating a duplex
Hi I am aware the process of doing such varies from city to city. I am in the city of san diego and have spoken to the city, they told me to talk to my realtor the sold us the duplexes and but my realtor is not sure. ...
Jason Thomas
Determining whether to separate water/electric meters for 5 unit
Hi all,I have a small 5 unit apt complex in NJ and want to know whether it makes financial sense to separate the water and electric meters. Is there a formula or easy way to determine whether the upfront Capex costs a...
Brian Langstrom
How to overcome recent separation of partner(wife) in ownership
I have three small multi's in Naples. All three acquired while married. We have now separated and moving to divorce. Any advice or thoughts on how to separate the assets, how to divide and how I should title in the fu...
Ryan Driscoll
Pricing a rental - separate or combine utilities & estimate cost
Hi all,Just purchased a house - it is an owner occupied 2-family. The house is a converted single family --> two family. I could use help identifying my options for what to do with utilities. This is the current si...
Collin Wilson
Joint Tenants - Husband and Wife are Separating - What to do?
I received a call this afternoon from one of our tenants. She advised she wants her ex-husband (joint tenant on lease) out of the house. She stated he does not pay for anything (lease or utilities) and supposedly th...
Scott A.
Should I put my businesses primary building in separate LLC?
I am purchasing a building to operate my primary business from. I have no other properties and this is not an "investment" property. Like mentioned, I will be occupying it for my business. It will be purchased and dee...
Sara Faile
Both partners want to occupy separate units in a fourplex?
I'm interested in purchasing a fourplex to start out a buy and hold career. My husband is soon separating from the airforce so we would love to take advantage of a VA loan and occupy one of the units ourselves. We hav...
Jon S.
Separate LLC for each rental, if refinancing thru comm bank?
I have a couple concerns about single vs multiple LLCs: Is it normally better to put each rental in a separate LLC? This would cause extra bank accounts, filing costs and accounting fees each year; is it worth doing t...