Hector Bermudez
Would you Lease or Not to Lease?
Hello BP,I am looking for some opinions on whether I should lease to an applicant or not. Here is the scenario:The unit is a 3/2 duplex unit for $1550 per month with a $3100 Refundable Deposit. The unit has brand new...
Allen Ayres
Seller wants multiple offers
I have an appointment with a seller coming up. He has several investors coming to look at the property at the same time and they will be making offers I am sure. What is the best way to handle this situation and impro...
Aaron Cater
Currently Own a Home in an OZ and want to tear it down...
Thanks in advance.
The skinny....
-Bought a house for $150,000 a year ago in an OZ tract. Paid $30,000 down, out of cash. (Not capital gain)-Bought it in my LLC's name, or maybe personal then moved it over, I cant ...
Mel Cosio
Convert from multi member LLC to single member LLC
I need to convert my multi-member LLC to a single-member LLC, is IRS form 8832 all I need?Appreciate responses, thank you.
Ender Aslangeciner
Where should I create my LLC if I live in FL and the real estate is in GA?
Hello, I have a question, which I can't seam to find the right answers in my google search. I live in FL and like to inquire a real estate in GA under a LLC...should I create a domestic GA LLC or should I create a out...
John Vietmeyer
Patio door - Verticle blinds or curtain rod
I need to replace broken vertical blinds in a rental. Any recommendations of style/vendor? I was going to replace with new verticals blinds but am now thinking a curtain rod would be cheaper or panel blinds would be...
Robert Hastings
write off consultant fees?
i have a CPA but before i run this by him i wanted to ask the forum first...my rental business has several properties but all my rental income rolls up into 1 LLC. i know some people have different llcs for different...
Cameron Chesney
LLC filings for a real estate company??
Hello all! I set up an LLC for my real estate investment company a year ago. Last year I filed personal losses (most just the cost of the marketing and LLC set up fees). It seemed pretty simple. However, this year I u...
Keith Kaufman
Choosing the Right Business Entity for Buy & Hold
I have found several posts that address the pros and cons of an LLC versus a Land Trust regarding the type of protection they provide. That is not my concern because I believe that if a tenant is injured on my proper...
Jason Sung
Rental property loss toward W2 income
Hi BP community. Last year, I bought two properties and they had losses. My CPA used the loss against my W2 income Is this a normal practice? Based on a BP episode I listened to recently, this is only OK when I (or my...