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My Grandmother owns a home near Issaquah, Washington. She has owned it 50+ years and is now going to move into a care facility because of her health issues. She has rented out the home to family members for 1 year and...
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I'm extremely new to the idea of using my current home as a rental...but thought it might be a great idea. I've had it listed to sell because I am planning on moving 3 hours away. I've had numerous looks...but no bite...
Purchased property in 2018 Q2, $50k downpayment; $200k loan; price was $249k
Right now I have 30 years fixed, 4.375% ARP ; $1533 / month as payment (p&i + tax incl) ; 225 HOA / m
Option 1: 30 years, 2.8% ARP; ...
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The subject property is a 3/1, 1287 sqft, built in 1950, and needs 15k in repairs. Also, the owner owes 12k in back taxes. My initial offer was 18k, but they countered with 25k. I have a CMA attached, and all of t...
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Wonder if anybody has experience with tax delinquent properties. The owner owes 37k and wants 45k for the property. Comps for recently sold homes are 45-60k . ARV is between 80-90k possibly more, home is estimated to ...
I have a couple of rental properties now that my son manages and I pay him for that, but not sure what the correct legal way to do that- do I send him a 1099 for work performed? We are also looking to expand with him ...
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We are a real estate development company. We like buying off market properties because there is much less pressure of competing offers and timelines. We are a legitimate buyer (not like those people that want to pay y...
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I'm considering selling a property to a family member below current market value. For the purpose of determining potential capital gains/losses, I need to establish a fair market value that will hold up to IRS standa...
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Hello everyone,I have a foreign entity that owns a SFR and I also have a local entity. I have intentions of selling the property in the foreign entity and I want to do a 1031 exchange but ideally, I will like to trans...
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Greetings:
Question for you all.
Do any of you have more than one LLC company where one company hires and pays your other company for management/admin/reporting?
Is that OK to do?
I own two rental LLCs (with part...