I am closing on a duplex rental property on May 31st. The rent is due on the 5th and on the 15th for each unit. How will the transfer of rent work since I will own the home in the middle of a tenant's pay period? Also...
In your state, who customarily purchases (pays for) the title insurance policy, seller or buyer?And in the scope of investment property bargains, ie distressed sales, cloudy titles, etc, does anyone these days still b...
I'm cheap (ahem, frugal) and I've been doing my own annual taxes. At what point do you need to start paying quarterly? I have a W-2 job, and happily the rental portfolio is growing.
I am a young investor - I own two rental properties in states other than the one I live. I am trying to figure out the best way to set up liability and asset protection plus minimize taxes. Since I don't have a lot of...
Hi everyone - had a quick question regarding partnership structuring.Including myself, I have 3 partners and we are looking to invest ~$100K. Finally taking the leap!If we are equally contributing capital, is their a...
After paid consultations with high profile CPA's who specializes in real estate I have contradicting answers to my question, I wonder what bigger pockets folks think about it.Question is will irs assign dealer status ...
After years of flipping homes under $850k in San Diego, I finally took the gamble on some more expensive homes.Here's a link to before and after pics. https://calhomeco.com/5202-pendleton/This home was in the worst c...
I just bought a duplex in Memphis. 38109 area code. Currently rents for $200 per side. $400/mo total. After all my expenses. I'm left with about $150 a month in profit. The rent is insanely low. Section 8 is payi...
We decided to put our Chicago condo up for rent last year after moving out of state. We have awesome tenants, who pay 5 days prior to rent being due and seem to be very vigilant over the unit and building. The unit ...
Hi- here's my scenario and I need answers/suggestions around any loopholes or tax implications I should be aware of. This is all new to me but I think I have a plan. I want to do a $150,000 cash out refi on my investm...