Anastasia Jordan
IRAs purchasing garbage investment properties.
Who is in charge of IRA investment property purchases?I am constantly finding properties in the ghetto that have been purchased by someone's IRA for a ridiculous amount of money ($60k-$70k when the house would only se...
Ronald Perich
Creative Scenario - Buy one and MLO the other?
My situation is a seller wants to sell her five-unit and fourplex, but her asking price for both would leave my reserves too low.The five-unit has a lot of back taxes owed (no mortgage) and the fourplex has overdue mo...
Eli Benali
Quit Claim Deed from LLC to Individual
We have a LLC In Which both my wife and I are the members. Our home is I. The LLC. We wish to close the LLC and do a quitclaim deed. Can I as a member sign for the grantor granting the home to myself as an indivi...
Enrique Caceres Jr
To LLC or not to LLC... that is the question.
I'm an investor that's recently been asked to advise my in-laws on how to manage their commercial property on Staten Island, NY. My father in-law had a medical practice which he retired from and currently owns the pro...
Jasmine C.
Atlanta rental investment cost
I'm an out of state investor trying to find out all of the unknown cost in the state of Georgia that I might need to know about. How do I find out? Do I pay for utilities? State taxes? Anything else I should know
Pat Lione
Depreciation Question?
I am an investor. In June 08 I came across a great deal on a great cashflowing property. Because of the credit crunch banks did not want to loan to me on another investment property. My girlfriend agreed to buy it ...
Michael King
Self management income reporting, how to?
It might seem obvious, but you don't know what you don't know.I started self managing my first rental in October last year, how should I report the income to the IRS? Just tell my CPA and he'll take care of it? Or is ...
William S.
Convert Home into Rental or sell next spring?
I am soon moving out of my primary home and need some input on what to do with it. It's in a A-class neighborhood that is up and coming, however only a 2 bed 1 bath. Numbers below.Rent $1,200 - $1,275 ($1,250 is what ...
Andri Artayudianto
Indianapolis, Indiana: Rental or business license?
Hi, BP. What licenses do I need to have to operate a rental property in Indianapolis, IN? Do I have to apply for a tax ID? Register the property? In short, Is there something I have to apply with the city after I purc...
Matthew Kern
C.R.P.s in Minnesota
Hey guys, I was just curious for other rental property owners in Minnesota, does everyone send out Certificate of Payed Rents to their tenants, or do you only send them out if they are requested by Tenants?Thanks