Troy B.
Tenant as maintenance man?
Is anyone aware of law or even fed. tax laws on having a tenant perform small maintenance jobs such as cleaning public areas, mowing and shoving snow in exchange for lower rent? Anyone have experience with this?I have...
Joel Brown
Consequences of moving into your rental after months/years
So, If I purchase a single family house (that I really like) and I rent it out for a few months (or years) then I move into it. How is that treated tax wise (IRS) and investment wise (I may put in an LLC). I obviously...
Jimmy S.
adding someone to lease
What is the best way to add someone to a current lease? Hand write their name under the current tenant and have them sign the original lease or just do an addendum and have them sign that or should I do both?Thanks
Mark Andrews
How to calculate Capital Contributions to an LLC?
Hi all,How would you record the "Capital Contributions" to an LLC in the ledger section for the following scenarios: Scenario 1: Let's say the equity in the property is $60K and mortgage is $140K before the transfer. ...
David Gore
Tenant Installed Vending Machine After I Signed Purchase Contract
I’ve been working a deal to acquire an office building with 3 tenants for the past month. I signed a purchase agreement today. I drove by the property tonight and noticed a brand new vending machine installed on the s...
Freda Manji
Basics of Real Estate Investing
hello! My name is Freda and Im 17 very young! looking to learn about the basics of real estate investing. I have a lot to learn and Im open to any recommendations. Are there any books in particular? How did you start?...
Mitchlyn D.
Contractors Question (License or Non License Contractor)
I am in the process of turning my primary home(built in 1955) into a rental. The house has some updates but the bathrooms unfortunately are not. With that being said, another house in my neighborhood was being remod...
Jacob Kelley
New Member from SW Florida
Hey everyone! I just got interested in real estate about a week ago but its peaked my interest more than anything has in the past. I can't wait to get my first property (hopefully multifamily). It'll be a while before...
Zachary N.
Buying an HOA home in San Diego, CA (north county)
Good morning BP community, I am trying to weigh the pros and cons of buying an HOA home in California, which may be converted to a rental in a few years. There were recent changes to the CA law which allow for 31-day ...
Corey Dutton
Dodd Frank Regulations Threaten the Existence of Community Banks
With an increasing number of mergers in the banking industry it’s no doubt that increased regulation under Dodd Frank has a role in it. Donald J. Mullineaux explores this topic more in a recent article from American B...