Gerard Mangenot
Tax strategy question
I have an single member LLC newly formed in late 2017. I purchased a property in the LLC name to be flipped in 2017 that will sell in 2018. I have not elected to be treated as an S Corp at this time. Nearly all ren...
Wai Chan
Tax write off for rental property in Turbo tax
I have read about two possible legal ways to write off some of the rental income: Take a partial dispositions of asset for a rental property and use that loss to write off the income in 1040 https://w...
Richard Howell
Solo 401k - High Yield Savings Account
Is anyone aware of any Savings Accounts that pay high yield savings (1.6% or more) that allows you to open the account in your Solo 401k Trust EIN? I would like to be able to put my money to work in such an account w...
Tony Lin
Starting a company/LLC for passive investment, overkill?
I'm planning to get involved in a few apartment syndications as a passive investor, potentially doing a small apartment myself few years down the road if I learn enough. Is it necessary to form a company or do an LLC ...
Stuart Udis
Investing in Multi-Family Syndications With An Out Of State Sponsors
Like many of you, I am frequently contacted by syndicators raising capital for apartment building acquisitions in distant markets. In many instances I am notified an offer was made in a multiple offer situation with a...
Charles Worth
Advice On Ohio 12 unit
I am a new RE investor in Ohio looking putting an offer in on a 12 unit building in Clevland Heights and wanted to see if I missed anything. The property is that is 92% leased up on 12 month leases (expiring in 6 mont...
Don Bradley
Deal Analysis
HI All,I just had an offer accepted on my first property. I plan on living there and renting out the other extra 2 bedrooms. However, my analysis is based on if I didn't live there. Main objective is to cash flow as i...
Mark S.
Bank Account System for Turnkey Properties
If you're buying turnkey rental property in your own name (which will be managed by the TK property management arm), how do you structure your bank accounts?
In other words, since I'm assuming the TK property managem...
Anthony G
Mowing costs.
I have a small multi-family property on a large lot and with the heavy rains we got this year in Indiana mowing has turned out to be quite expensive. My rough numbers indicate that it may be 7-8% of my gross income t...
Account Closed
Taxes on unique house hack rehab
I am doing a house hack on a SFH where I have claimed legal domicile for many years. There are already renters in place -- family. My mortgage is for a primary residence and not commercial or rental. The house needs s...