Matthew Menning
Property Manager - Principle Agent Problem
Hi All,
So here is the situation. I employ a 3rd party management company to manage my units. They make a percentage of collected rent, and also do most maintenance and repairs using their own crew, which I...
Tarik Hodzic
Who should pay structural engineer in this case?
Hello,I am in the process of buying my first investment property, a triplex. The triplex was a complete renovation by the seller. After inspection, the inspector noted concerns about the foundation and the caving fl...
Marko Scretchen
Looking for CPA advice
Hello BP Community, I'm looking for CPA advice on what's the best company to form with multiple partners, and how to defer taxes to the company instead of individually. The focus of the company will be Fix and Flip an...
Upgrade Costello
Floor caved in while moving a couch, landlord wants me to pay
The living room floor caved in while moving a heavy couch in my apartment. In the basement it seems a support beam gave way and cracked. The landlord said for me to provide my renter's insurance information to cover d...
Andrew Jolly
Structuring a unique partnership deal
I'm looking to structure a partnership deal with my mom, and haven't been able to find a similar situation yet, so I'm hoping I can get some help here on the forums!My mom owns a house that has been rented before, but...
Hoang Nguen
Question about depreciation for remodeling of rental house
Dear All,I added two more rooms to current rental house. The remodeling was finished on November 2017 and Tenant moved in these two rooms on December 2017. Below is the list of items in the contract with constructor.C...
JDee Moore
Asset protection, LLC, Trust & Umbrella insurance policies in Ca.
Asset protection,Reside in CA, and read about RE investors having the option to start a LLC in NV that's within a trust and also purchase an umbrella personal liability insurance policy (upwards of a $1m - 2m+), to gi...
Michele Rok
how do i know when to use a cash offer vs. options or wrap?
once I've established a rapport with seller and ask questions regarding the sellers situation and I have inspected the distressed property, How do I know which techniques to use to close the seal and make a profit? Fo...
Jacob R.
Starting a Self Directed IRA for Person in Jail
Hi there. My dad is in jail. He will soon go to prison for the rest of his natural life since he is already old. I am his general durable POA. I am also his vanguard POA/full agent. He has a traditional IRA. I would l...
Tara Lawrence
Al Tax Sale Purchase
I recently purchased a property from the State of Al. I was issued a deed. This is a very odd situation and hope someone can help! When I pulled the information for the property there are no structures assessed, howev...