Gillian C.
How do I take a property out of an LLC?
Hi everyone:
We have a property that we put in an LLC when we purchased in 2018. In 2020 we refinanced the property as a non-LLC, "taking it out of the LLC" because we didn't want to try and get a commercial loan. I'...
Cash Tomlin
Inheriting tenants…. Must do before due diligence period ends…..
Hey guys. I am currently purchasing a duplex. Both tenants just signed a lease last month so I will inherit both of them. How do you find out what the current owner did to vet these tenants… ex: references, background...
Account Closed
Commercial R/E Lawyer Rec in Bay Area. Help with Bad Situation
Hi BPers,If anyone has an recommendations for a lawyer who specializes in Commercial Real Estate in SF Bay Area, I would greatly appreciate it. Here is the sticky situation...My best friend got herself into a bit of a...
Daniel Darnall
Are we responsible for a wheelchair ramp
We have a renter asking for a wheelchair ramp. Are we responsible for getting or building one?
Hai Loc
1 Entity 2 properties 2 separate loans
I have 1 entity that owns 2 mobile home parks in Ohio. There is an existing loan for both parks. I am in the process of refinancing one of the parks which will pay off the debt of that one park and I will have access ...
Kyle Grimm
When to stop charging a late fee
So my question is, when do I stop charging my tenant a daily late fee charge if he has already paid most of rent but maybe still owes $100 for that month? I have a renter who usually is about a week or two late with ...
Carl David
Tenant move out and security deposit
Hi all , I have had great help here in the past. My tenants moved out after 4 1/2 years and left a fair bit of damage and mess. I do all my own maintenance on the property.I gave them a statement laying out the damag...
Toby Fellows
Interesting one - Should i invest as a co owner to help buy my friends primary home
My good friend went through a messy divorce which hit him hard financially. He wants to get back on the property ladder and we have talked about me putting in 50% of the deposit needed to purchase a house. He has a go...
Account Closed
Re-Zoning/ Variance: Denver
I am trying to rifle through the messy process of requesting a variance to or re-zoning a current Residential duplex to a triplex in the city of denver. Lawyer Fees seem outrageous to even get someone on a phone to ta...
Ryan Garza
Girlfriend Tax Strategy
Hello Community. I currently am living with my girlfriend in a home I just bought. She currently makes half of the payments. I am just wondering if there would be any tax advantages to claiming to the IRS that she ...