Jonathan B.
S-Corp for rentals and flipping
For the tax savvyI currently hold rentals in an LLCThe same LLC is the owner of another entity which engages in flipping.basically all flipping income flows through K1 to my main entity (which owns rentals) and the to...
Quentin McNew
Selling/activating depreciation of LLC to new investors
***Selling depreciation of LLC to new investors buying “equity/shares”***Feedback or insights from syndicators with experience or tax professionals on depreciation preferred :)I own 100% of some LLCs and have a couple...
Sarah Jukes
Taking unpaid rent from Security Deposit.....?
Hi,
Section 8 tenant lease started Friday, following day they decided to move out! The lease is between us and the tenant. Section 8 were to pay the rent (but the first payment takes a few weeks to be deposited and i...
Jorge Aguilar
Cap Rate for class C multifamily in 77022 in Houston
I'm starting the analysis of a multifamily in Houston that is being offered to me. I'm meeting the owner tomorrow to tour the property, get the story behind it and ask her for the proper information to help me calcula...
Megan Chancellor
Lake Arrowhead Raw Land (Cheap and Why?)
Hello! I have been actively looking for land to buy so I can build a unique short term rental on it. I was looking at Lake Arrowhead and there is some land for sale around $3,000-$15,000. That seems very cheap conside...
Jin Zhang
Fine associated with renting out illegal ADU in San Jose
What are the consequences of renting out illegal ADU? Are there any daily fine associated with it? How much is it? Thank you!
Jake Andronico
Turnkey 8 cap was sitting on the market...
In Northern Nevada, this is not super common to have sitting on the market. Good deals typically go quickly, and the investors ready to pounce scoop them up. This property was walking distance to the University of Ne...
Michael Carter
foundation issues
I looked at a house that had major foundation issues. House sloped about 6 inches from front to back 1660sf one story on a not so level lot. The house was sitting on a raised foundation of cinder blocks. Was wonderin...
Kenan Heppe
Harvard or a House? My quest for a castle.
Investment Info:
Single-family residence buy & hold investment.
Purchase price: $375,000
Cash invested: $75,000
Sale price: $635,000
1100 sq.ft. condo in Hollywood, on Melrose and Vine. It...
Glenn McCrorey
1031 Exchange question
Does anyone know if I do a 1031 exchange selling a rental property and buying another one, then move into the other property after renting it out for a period of time and make it my primary residence what happens when...