Joe Bol
How to get on the title of a 1031 exchange
I own and manage short term rental properties in Maui. Recently the short term rental market drove off a cliff, not the first time. In the meanwhile, a friend was in the process of 1031 exchanging into another short t...
Rick H.
Hire an employee for maintenance and rehabs?
Hi everyone,
I have found a very good handyman with experience in apartment rehabs. He does fantastic work for $15 per hr, but, alas, has neither health nor liability insurance. Thus, I am considering hirin...
Molly L.
Tax questions and SSI payments
Hello all you smart people......I have been a stay at home mom (my husband works a 7-5 government job) and commercial real estate investor for the last 20 years. Every year I discuss our return with our tax preparer ...
Viktor Singh
Self Managing property Tax implications
Hi all,I want to manage my investment property myself and wanted to know how to handle taxes. In the past, I have the used a property manager, and gotten a W9, but how should i do it myself ? Do i need to use some sof...
William Stinson
Employee approached me about doing a secured promissory note
I recently had one of my 1099 employees approach me about helping him deal with some back taxes that have come to a head and he is running out of options. He owes $60,000 to the IRS from 2004 taxes and he has asked me...
Yvonne Sheehan
BP Thoughts On Rhode Island
Evening all,Happy Saturday. I have a question from my BP advisors. Although primarily focused on the Houston market for Buy and Hold investing (I am an out of state investor), a potential partner has inquried about R...
Kai Van Leuven
How to Add Value, 12 Unit Complex. Any Ideas?
I own an apartment complex that has been a huge value add project so far. I have finished off the front five 3-bedroom apartments (started with studs) and completed a cosmetic remodel of the back 5 Apartments. I have ...
Sam Huze
How does starting an LLC affect....
Good Afternoon everyone, This question is from my mom, she is 58 and owns several homes in Colorado, Arizona, and New Hampshire. She was considering applying for an LLC so that her and I could manage these properties ...
Louis Van Der Westhuizen
Using an LLC to acquire RE when the LLC has no credit history?
Hello fellow investors, my question today relates to the use of an LLC for beginner investors. I understand the value of using an LLC to protect myself from personal liability, but here is what I am struggling to get ...
Kenny Tan
Balloon payment due - surprise
We were just notified by the 2nd mortgage bank that our SFR rental has a balloon payment of $29K due at the end of the year. This throws a money wrench into our finances for the next few months as we have a short sale...