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I have my first deal under contract, looking for some feedback on how I did;Duplex, 2 long time tenants currently at will Purchase price: $130KCurrent rent total: $950/mo., hasn't been raised in almost a decadeAfter c...
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Hi, New Member here from the Puyallup, WA area. I'm enjoying reading the forums and listening to the podcasts.We own a single rental condo unit inside a self-directed IRA. We set it up almost 5 years ago now. We've ha...
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Hello, looking for some advise. I purchased a Miami condo in my name, then transferred it to a C corp last year (I am the owner). Now looking to transfer back to my personal name. Any tax implications? Is it better to...
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We haven't gone into deep discussion yet, but the property is in pre-forclosure. She's been contacted by people with "the lists", but is a little attached and doesn't want to just throw it away.When we sit down and ta...
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Trying to decide on rental property software , just wondering if anyone has thoughts on Tenant Cloud.It said you can manage up to 75 properties for free??
Hello all! I bought my first rental property this year with a partner. We opened an LLC together. My question is pretty basic, but since this will be the first time I'm filing taxes with a business, I was curious if I...
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Hello, I am a little confused about using a Hard Money Loan. Do you have the property under contract and then present the information to the Hard Money Lender? When does the hard money lender come into play? For examp...
Hello community!I’d appreciate your insights on a complex insurance setup for my recent property purchase.My Setup:• Property purchased in FL under a Trust• Trust is owned by an LLC in FL• Holding company LLC in WY ow...
In my current situation, I'm wondering what I should do. There is a lot of talk about being at the height of the market and a downturn looming. I currently live in Los Angeles, CA with my wife and our 11 month old c...
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Hi BP,I have done readings on LLC setup for rental properties. I am now confused as I kept seeing different ways people do things. I have consulted with 2 different CPAs before and they told me 2 different ways.We cur...