Brian Dickerson
Proper way to structure business for rental properties
Hi all,I know the *real* answer to this question is ask an accountant. But I dont have an awesome real estate savvy accountant yet and sometimes the best advice is from people who are experienced in doing it.We are i...
Javier Gaillard
Federal and State Income Tax for Foreigners
As a foreigner what is the tax rate for renting property? Is there a State and Federal income tax? I know some states don't charge income tax on rentals, but you still have to pay the Federal income tax.Can you get a ...
Gillian C.
Lead paint in Chicago property
Hi Chicago investors (and anyone with lead paint experience / knowledge)We are in negotiations to purchase an older property that has a laundry list of lead paint disclosures (and also a list of remediations that the ...
Charles Simon
New triplex with 9 year water bill due
Just closed on a triplex in East Chicago and in changing over the accounts the water department discovered the water meter has been disconnected for 9 years. The service rep said that there is no way around me having ...
Jesse Rhee
New to Charlotte, NC
Hello! I'm Jesse and my wife and I are relatively new to the Charlotte area. I am a technology and management consultant and my wife is an interior designer. We began our adventure into real estate back in 2010 whe...
Kevin Guyden
Unable to move primary residence to LLC
Hey everyone!I am about to move out of my primary residence and turn it into a rental property. My plan was to move the property to an LLC. I just reached out to the mortgage company, and they informed me that I could...
Michael Madill
FL Statute 501.1377?
I was looking at the FLREIA website and saw this article about the new florida law which pretty much points to all of us REI. The article was linked to another site which is selling some sort of package that has all t...
Jeremy Roberts
Breaking Lease before even moving in???
I had a "Future" tenant walk through one of my apartments with me. She looked everything over and decided she wanted the apartment. She paid $475.00 deposit and $475.00 rent for the month of July. I just got notice fr...
Joe P.
Real Estate Lawyer Referral
I'm just looking for a referral for a good real estate attorney in the Harrisburg, PA area. I am fairly new to real estate investing and I would like to have some contracts reviewed and some questions answered. I wo...
Tonja Raphael
Good strategy or not??
Hello guys:
Can I get your take on whether it would be a good strategy or not, to have your buy and hold properties as a separate business from your flipped properties.
I was told doing so would protect the asse...