Bao Do
Bakersfield, CA rental market
Hi Everyone,
Does anyone have any recent experience with the real estate market in Bakersfield, CA.I was reading a Bakersfield BP discussion thread from 3 years ago. Someone warned about overinflated prices and hig...
Hannah Shields
How to file my business
I have been looking through the topics within business filings and I haven't found a specific answer to my situation. Here's what I want to do but I'm not sure how to set up for maximum benefit to me and those who ...
Richard Nguyen
LLC and multiple states
I have finally gotten around to setting up an LLC. I have properties in several states now and am looking to move them into a single LLC. I was told that in FL, I would need to register with the state to do business b...
Shawn Knight
Gift Tax Help Needed
Hi, I am working on purchasing my first multi-family investment property (4-units or less) in which I will be owner-occupied. I am needing to receive $200,000 in gift funds from my parents to add the down payment to m...
Account Closed
Millennial Investor in West Atlanta
My name is Bryant. I'm 25 years old, currently living in Atlanta, GA and I want to buy a multi-family property in West Atlanta to live in within the next year. Focusing on the area north of I-20 and west of I-75 (Area...
Brandi T.
K-1 loss offset gain from sale of rental?
I'm figuring a year end tax payment - we sold a rental property for a gain (held more than one year) and will have K-1 losses from two syndications that we are LP. Turbotax is allowing the losses from the K-1 to offs...
David Chou
Question about security deposit related repairs
Hi all, I have a question regarding repairs to my rental unit and the security deposit. So the set up is this:1. Unit was having issues with the freezer.2. Sent over a repair man, who fixed the issue.3. Unit started e...
Brennan Lytle
cash flow
Hello! I have a pretty vague question to ask. What is the minimum cash flow you would project in a rental and still procede with the deal? Is it a fixed rate or proprtionate to the cash you have in the deal? just loo...
James P.
CT - Notice to Vacate
Good evening everyone,I am considering not renewing my tenants lease. How many days notice do you give in CT? (I was thinking 60 days) I just want to make sure I am following any laws set forth. Also an example of a N...
Jeff Fairchild
Tax deductions rentals
This article:
http://www.googobits.com/articles/1349-taking-a-tax-deduction-for-home-mortgage-interest.html
says near the bottom of page 1 that you have to live in a vacation home 14 days of the year in order to deduc...