Nur Al Sharif
Recommended Entity Formation Attorney?
Hi all, I've been looking for about a week now in Los Angeles for an attorney who specializes in entity formation, with experience geared towards real estate.We are establishing a multi-member LLC as a parent company,...
Greggory Kowalkowski
Screening Prospective Student Renters
Hi all,We recently bought and fixed up a house within a few blocks of a university. The economy of the area makes it a no-brainer to target students. I'm just wondering how successful landlords screen student tenant...
Evguenia W.
How to file taxes on a property given a gift
I received a property from my parent as a gift. The quick claim deed was for $10 or $100 and my parent bought this property for $130,000 a few years prior. I use this property as a primary residence and to rent out on...
Srinivas Prasad
Young, Income = Expense, Red flag?
Hi, Young boy and girl friends tenants planning to move-in together. Both know each other for many years, in stable job for more than 1.5 years, together make 3x rental. They have no savings and last 6 months bank...
Turgut Oz
What is the best set up for Series LLC? Checking account and overall structure
I have talked with two different attorneys. I got opposing opinions on below and wanted to get what others know (or do) on the subject. Please note that this is for a Texas Series LLC.
1. Imagine you have a Texas Ser...
Henry Uili
Quick question about taking over a mortgage from a family member
Quick question So here’s the scenario. A family member has her daughter and son in law living with her. They want to take over the full mortgage payments to help free the parents from debt and also keep the parents as...
Joe Wall
HELOC vs Cash Out Refinance and Tax Ramifications
I currently do not owe a house, but my parents have thought about doing a HELOC (home equity line of credit) to help me buy a side-by-side duplex. I am wondering about all the details for a HELOC. I was told it can on...
Marlon Brown
My parent is my first tenant, and has a section 8 voucher
As a first time home buyer and investor, using an FHA loan, can I legally rent one of the apartment units to a parent who is on Section 8, having them as my tenants?
Account Closed
Grad School student looking to buy a house in St. Louis Missouri
Hi everyone,I am starting graduate school at Washington University in St. Louis, Missouri in the fall. I am currently in Seattle and I want to buy a house in St. Louis instead of renting. However, I don't have full ti...
Steve G.
Collect rent under an LLC if I own the property personally?
Hey All,I am in the process of aquiring my next rental property and decided to finally put this one under an LLC. We have a dedicated bank account, insurance policy and the property will be held by the company.Now my ...