Hey guys, what are the proper way to do distributions?Lets say I have 5 rentals, the money comes to my property management company, then property management company does a distribution to me... 1) Should I do it via c...
Hi All,My CPA is advising that I have my LLC be taxed as an SCorp because I'm an active participant in my fix and flips. To clarify, I have a multiple member LLC (me and my husband). In that LLC, I make some private...
I'm working with my mortgage broker on financing for my first rental property. I'm looking to get a 2-4 unit, and I will be an owner occupant in one of the units.We got into the discussion about what I'd be able to af...
I am a novice investor who inherited the business from former husband 6 years ago and looking into doing my very first 1031 exchange. I am considering moving into up-leg property so I can rent out my residence to crea...
Just closed on a quadplex and I've identified several problem with tenants, that I want to address. Can I tell my tenants:Smoking is not allowed in the house or within a certain distance from entrances(Just like stand...
Hey guys,I just looked at a property and all the numbers look great!The property is in OK shape. A little fix here or there with decent room.The only thing is its a modular home and I have never dealt with this before...
Tenant... signed lease in December paid deposit. Lease began in January. She has not taken possession of the home. We were supposed to have her walk thru today and she was a nocall/no show. Instead she sent us a text ...
I just got finished reading Thomas J Lucier's Pre-Foreclosure Investors Kit. Any of you who are just getting into or plan on getting into the pre-foreclosure investing business should seriously consider reading this b...
Hello,First time flipper here. I am interested in buying property and rehabbing it/changing it drastically from what it is now. In Scottsdale most houses can't really be flipped profitably say by just adding some l...
Hello,
I am in the process of buying a rental property(1) for $400k with all cash (needed to get the best deal). I’m funding this from HELOC on my primary. I will most likely get $450k in heloc. For the first 6 month...