Hi all, I'd appreciate your opinion on what to do in this situation - Just purchased a duplex today ( 7/6/18 ) with long term tenant paying same rate of $1100 since 2011 for a 4 bedroom 1600+ sq ft, 4 BR 2 car unit in...

Hello! We are about to close on a flip, and it's the first one that we set up as an LLC with S-corp tax.  It is my husband, myself, and a partner as members of the LLC.  How much can we "pay ourselves" from the profit...

I am close to going into contract for the sale of my property. Is it required or desirable to include a 1031 cooperation clause or any other language regarding my intent to sell this property as part of a 1031 exchang...

Hi Everyone,I'm in Augusta Ga and I'm just getting ready to start flipping and wholesaling in Houston Texas.I'm looking for any advice about closing , any laws I should know about ....and do i need a Texas LLC to do b...

Hey Gang,I just had a renter who's lease was set to end on June 30th, send me an email on May 20 of their intent not to renew.  I had my property manager start finding new tenants and he was scheduling showing the pla...

I recently closed on a property that I purchased through an assignment from a wholesaler. I am under contract with a buyers agent and used them to run comps as well as other services on the property. At closing, the w...

Hey everyone!  I have purchased my first note, and it is about to be boarded.  Once I start getting payments, I am wondering about everyone's strategy for how to track the note within my LLC's quickbooks company file....

Can I deduct the cost of buying air conditioners and fans from rent if my landlord doesn't want to fix our central AC/heat unit?

The 12-month lease started May 2018. The AC/central air does not work. It turns out the...

Hello, what started out as initially looking into self storage facilities moved faster than anticipated and I now have a 100 unit facility with some flex space under contract.  Inspection is next week but outside of a...

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