Grace Esteban
Do You Give Gifts to Your Tenants
In the spirit of holiday gift-giving. How many of you here give gifts to your tenants and why? TIA
Heather Johnston
LLC versus S Corp?
Hey everyone,I'm a newbie living in upstate New York; I visited an accountant today to talk tax strategy. When I mentioned forming an LLC for asset segregation and protection, he said that an S Corp would be the way ...
Aaron Linden
Tenants Parents Checking in
Hey everyone,I just had a tenants mother call me (1:00AM) concerned about her sons health as they live 9 hours away. Let's shorten the storyline to say he has had several open heart surgeries (although none recently) ...
Nik S.
ConstructionProposal....Fair Price?!
Hi everyone!At one of my APT buildings, I have a 2nd story catwalk that needs replaced. The previous owner used NON-Pressure treated plywood and laid some regular carpet down on top of it. Problem is the carpet above ...
GERT S.
Sole member LLC, add spouse as LLC member
I went to cheap way, and formed an LLC (Florida) online without speaking to an attorney first. I know, fools rush in where angels fear to tread.My LLC just acquired 2 condos that need a little rehab. After rehab, the ...
Amber Barger
Mission Statement Critique
Hello,I wanted to get some input on our idea for a mission statement:We are committed to buying, rehabilitating, and selling single family homes in the Huntsville, AL area with integrity and professionalism. Our clien...
Alex Silang
Affordable housing / "slum lording"
Interesting perspective I have here. I'm a "numbers guy" and the numbers fooled me into buying a poor property. Had 4 evictions in 3 years. Sold for a huge profit though.The way I see it, operations matter a lot (tena...
Ryan Moore
Calculate Reserves into Cash-on-Cash Return?
In reference to cash-on-cash return, when calculating how much money was invested into the property, should I include any money that came directly from me that I put toward the reserves? Even if after the first 12 mo...
Jo Amick
Depreciation and IRS taxes on Sub-to/Lease Purchase?
Here's the deal: I am buying no money down, taking over payments on a sfr from an out of state seller and transferring deed to my LLC. I have a lease option buyer, so I am making about $200/mo spread between mortgage ...
Ben W.
Second Lien Position
Hi, do commercial lenders generally allow the seller to carry back in second position the 25% not financed by the lender (to effectively create a purchase with no money down for buyer)?