Michael Medeiros
Any recommendations to challenge IRS Proposed prior year change
I received a notice from IRS regarding tax year 2016, they are asking for over $30K adjustment. Anyone have a CPA or professional they have used to challenge this type of action? Thanks.
Ramases Gousheh
SFR next door to mortuary
What do you all think about an SFR with good numbers for my situation but is next door to a mortuary? I personally wouldn't care as a renter, but that's me. However, in this case, I'm not the renter but the potential ...
Anders Jax
What & of equity are you comfortable with your GP earning?
So let's say the LP puts in 100% of the equity, for simplicity sake. And let's say the asset performs really well, and LP IRR is around 18%, a great return. However, it's at an 8% preferred, 70/30 split to an LP 15%...
Eddie Bridgett Jr
Pre-qualified for a property, will cash flow
Able to get the home, which will have $200 after PITI. However, if I do this, all of my reserves will be depleted, meaning no funds for "what if costs". Do I step out for the experience and to get started, get a line ...
Jeff Galbraith
Making a non-traditional deal
Hello: So, I have a chance to make a deal for a few rentals, but I am not sure the best way to structure it to satisfy both sides. Here is the situation, I have a colleague who owns a handful of rentals and is lookin...
Dominick Marschall
Inherited Rental (HELP!) Duplex
Hi There, I recently inherited a duplex in Minnesota. This was a property my family member lived in. I did some work and recently signed both leases. The property is valued at 195k. I owe 89k. The total gross income f...
Bruce Bell
Should I start an LLC or S-Corp?
I am looking to start my business officially but want to do things the right way. I’ve heard suggestions of a couple different options but Not really sure which way I should go.
Benjamin Spaulding
Buying my first property
Hello friends! I will get right down to it. I plan on purchasing my first rental property by the end of Q1 2019. I am looking in the Rochester/Buffalo NY area, and have found some properties with some promise. I have ...
Paul Teske
Using a Lockbox with a Key Instead of Personally Showing Property
Hey BP,So my rental is about a 1 hour drive from where I live and work. I work full time during the day and can't keep asking for 2 hour blocks of time to go show the unit to prospective tenants. I've tried scheduling...
Alex Heckaman
Entity Setup?
I am just beginning my REI company and am looking for advice on what entity to set up. I have read about individuals opening 2 LLC's and an S Corp, however with me being brand new to this and not at a rental stage, I ...