George Habator
Filing tax for rentals transferred from trust
Hi, all. Here's a question for the tax pros. My grandparents left rental property in a trust, of which i had a share. (The property is in CA, if it matters.) In March of '21, the trustee transferred title of the prope...
Brandon Montgomery
CPA vs Lawyer regarding whether or not to set up an LLC
I am under contract for my first rental. My only question is do I need an LLC and if so (or not), would I need to speak with a CPA, lawyer, or both, regarding this? Thanks In advance!
RJ Emmett
Renter buys his own property, then fails to pay last month advice
Hey all,I have long time renters who except for a few months during the initial covid shut down here in Oregon; paid on time. They purchased their first home back in August and moved out in September. Their lease wa...
Christina Z.
Is this propery a dog?
Hi. I am trying to determine if I should sell this property and purchase a multi unit- so what would you do?I purchased this property in late 2005 and weathered the recession living in it. I was one of those people th...
Thierry Van Roy
How to approach this deal? (Weird red flags)
So this 'apartment building' in my market has been for sale for about 6 months now and it's very peculiar. Quick roundup, get ready for this:
18 units (going from studios to huge luxury lofts) spread over th...
Dhru Das
Possible encroachment by building next door
HelloI am purchasing a 2 unit frame building in Chicago Lincoln Sq area to live in one unit and rent out the other. The property needs extensive rehab. That is not the issue, nothing that a GC can't fix. I do have dou...
Chase Keller
Looking for ideas on an old Health Club / Fitness Center
Hello Braintrust!I have a Health Club / Fitness Center that's been closed for a few years. It was the best and nicest property when it was built and was very popular for a long time, but it didn't get the reinvestmen...
Mike Baker
Odd Property
We are looking at a property near the campus in our town. It is different in the fact it operates more like a long term hostel, so because its so different then anythinig around it, it has been on the market almost 2 ...
Rudy Hernandez
Houston Real Estate Group
Hi BP members
I have seen a lot of investor groups pop up now a days. I know we normally advise to go to a few to pick off the bad apples but are there any groups that are notorious for being bad or known for being g...
Account Closed
Corporate-guaranteed franchisee vs. corporate tenant
So what's the difference between a corporate-guaranteed franchisee tenant and a corporate tenant? From reading a lease recently, the corporation is liable for any defaults in a corporate-guaranteed franchisee tenant. ...