Gina Forestieri
Selling my one and only rental
I rented out my original house for 7 years, my tenants have now bailed and I'm done! I am fixing it up to sell asap. I know I will pay capital gains and have to pay on the depreciation. I am trying to find out WHAT ...
James Bynum
Trying to figure out s corp distributions
So, I'm investing with my parents doing flips, and we setup an LLC with me being a 50% member and my parents at 50%. From everything we've heard, if we make over $40,000 in profit that we should file as an S Corp and ...
Dan Miller
Piercing the corporate veil
If I have an LLC in which I conduct my business, how do I actually take profits out of that LLC for personal use (i.e. pay myself) w/o piercing the corporate veil and losing my liability protection?
Are there general...
Adam Spears
Insurance on home sold on contract
I have vacant, uninhabitable home that I'm in the process of screening potential buyers for a contract purchase, never done one of these before so my question is in regards to insurance. I've talked to a couple insur...
Dave Godfrey
VA Loans - Is there a rental scenario when moving on?
My brother-in-law owns a house which he has lived in it for 10 years, using a VA loan. He is now relocating out of state.Question: Can he rent it out without issue (being that it is a VA Loan)? He is NOT worried a...
Ming Huang
How does this deal look near Airforce Base in OKC?
Price : $100,000, 4126 Laverne St, Oklahoma City, OK 73135, seems like good condition throughout. 3Bed/1Bath750sqftSchools are mostly 2/10Average rent for the zipcode is $950What do you guys think about this deal?
Joe T.
Exit strategy for commercial loans
I have a few commercial real estate loans which are fixed rate for 5 years on a 20 year amortization schedule.
My lenders assure me that at the end of each 5 years, I can get another similar loan with the prevailing ...
Emily Chen
Recommended inspectors for old properties, sloping floors
Hi all! I'm a fairly new investor in the Twin Cities. I just had an offer accepted on a duplex built in the 1900s. (My first house hack, hopefully!)I've never owned or managed a property built before 2000, so I feel ...
Jessica Ponder
[Calc Review] Help me analyze this deal
This is potentially my first investment property and it was my first time to use the calculator. I think I have input everything correctly. Any advice is appreciated.View report
*This link comes directly from our cal...
Steve Camp
Property management and accounting
HelloI recently invested in a multifamily property in Florida and I recently got an overview of the property manager's work and the Resman software they use.I'm not a PM expert and I'm not an accountant either, but I'...