Chris Anderson
ROI of washer / dryer in multifamily 6 unit?
Looking into the option of installing a pay to use (coin/card) washer / dryer in a 6 unit multifamily. This could potentially add monthly income, but also be a benefit and convenience for tenants.Investigating machin...
Jeremy Kloter
Trust or LLC for rental?
Hey everyone, just curious if you personally are holding rentals in a trust or llc? Also, have you hired a trustee or are you doing it yourself? I'm joint venturing with a partner and we're putting in a land trust and...
Henry Clark
Self Storage- Convention
Had a chance to go to the Self Storage Convention in Las Vegas this past week. Although there were many things that interested me from the vendors and the conferences, the best one was an "Asset Protection" seminar I...
Tyler Derickson
Seller carry second mortgage with variable terms
I'm looking into a commercial retail deal where I would have the seller carry back a portion of the property as a second mortgage. I like the property as it's in a good area, however with the lack of national tenants ...
Eric Braxton
CPA Question: Tax benefits for LLC Location
Hi all CPAs/tax professionals, quick question. I just closed on my first 2 SFHs in Virginia. I live in New York. I was speaking with a lawyer about setting up an LLC in Virginia but he asked me this question“Before we...
Geoff Bishop
Liability Insurance Claims
Has anyone Benefited from carrying liability insurance? What real-world claims have people made, and gotten paid for, or how has your liability insurance (/homeowners insurance /landlord insurance) actually helped yo...
Igor S.
Developing empty shell to lease to physical therapists, advice ne
Need advice,I bought an empty shell space ~ 1.5 yrs ago and it's about 4,450SF. I am meeting a couple of physical therapist guys next week who have 4 locations already and are expanding and are interested in renting t...
Kyle A. Isaacs
Fire Damage - Complete Loss
Good morning BP'ers -This past Thursday, we received a phone call from previous neighbors that our rental in Florida was on fire. To calm fears upfront and most importantly, everyone is okay, but the unofficial story...
Ven Bodavula
Development fees for small residential project
Hello everyone Need advice on what is a reasonable compensation to provide to a developer helping me Project is 2.5 acres of residential land - was developed for commercial office buildings , recently rezoned to resi...
Anthony Charles
Interest deduction
I am going to buy a house and currently plan on paying the downpayment with cash.
What I would like to do is after closing, take a cash advance from one of my credit cards to reimburse myself for the downpayment. Th...