Justin Silverio
LLC w/ S Corp Election vs. C Corp w/ S Corp Election
There have been a couple of posts about this in the past but no definitive answers came out of them. My question is why would someone set up an LLC and elect to be taxed as an S Corp instead of just taking the S Corp...
William Hutchinson
Is one rental worth it?
It seems that rentals are only worth it when you can do the domino effect to get a bunch of houses and be on the line for a bunch of debt. I have a full time job, and can get a house for 50k and get about 9000 in rent...
Palmira Angelova
Old house - how much to budget for major repairs + maintenance?
Hi everyone,
I'm considering investing in an older multi-family (~100 years old) around the Boston area. I only have experience with significantly newer properties and want to make sure I run the numbers correctly. D...
Jason Malabute
myths or facts by real estate agent
I was talking to my agent today. He. told me 3 things. In your experience how accurate are they?1. Anything that appears to be a health or safety hazard on a potential property needs to be repaired BEFORE it qualifie...
Michael Baffuto
Union city, New Jersey buy and hold
Hi All,
I’m looking to purchase my first 3 family property in Union City, NJ. The home borders Weehawken which is one of the best areas for buy and hold in NJ. I’m a little concerned on a counter offer the listing ag...
John T.
tenant smoking issues
ive had some issues with a tenant smoking in one of my rental houses. Ive been soft on them because this happens to be my gfs house and ive basically hidden the issue from her so she doesnt flip a gasket, (i told he...
Arthur Mayer
How would you make money in this scenario for a non-performing 2nd
So here is the scenario:First Lien is $150,0002nd Lien is $40,000FMV: $80,000Borrower is 120+ days late on both mortgages and is in Chapter 7 Bankruptcy.Assuming the Property Taxes + Late mortgages there is about $20,...
Emily Debes
With an LLC do you use commercial lending?
I'm considering getting an LLC to start real estate investing, and I feel like I read somewhere that under an LLC you would need to qualify for commercial lending. How easy is that to qualify for commercial lending w...
James H.
Contractors Run After W-9 Requested
We used to do all of the unskilled labor, plus a few skilled things, ourselves. But, we have come to a point where we have to start hiring things out.A few weeks ago, we had a painter paint a property. He did a wond...
Lamont Marable
Renters won't need cash for Security Deposit
In Cincinnati Ohio, renters won’t necessarily need a cash security deposit anymore under a new law passed by Cincinnati City Council. This will help alleviate barriers to renting an apartment, the law says landlords m...