Mark Updegraff
Management Company, your input requested on accounting practices
Hi All, I recently formed my Management company to separate the liability from the properties themselves. I just want to throw this by you to make sure I'm doing it right. After all, I don't want to end up having t...
Kevin M.
Evictions Halting in Philadelphia
As a heads up, this is straight from the Municipal Courts;The Philadelphia Municipal Court's landlord-tenant officer will not perform any evictions for a two-week period beginning on Monday, March 16. The landlord-ten...
Jordan Alexander
LLCs - One or Multiple?
Good morning,I'm looking to get advice on LLCs. Is it better to have all rental properties in one LLC or have an LLC for each property? I understand having multiple LLCs can be challenging but I think it would be help...
Justin Foley
Proof of funds required?
In my hometown of Las vegas, I constantly see ads on craigslist for wholesale deals. I would love to ask the agent that's been helping me out to see if they are really deals, but they don't provide the address. They r...
Jeshua Patrick
Keep or Sell... What would you do?
My wife and I have a Town Home that was a primary residence that we decided to rent out last year. We purchased the property in September 2017 for $123k with 20% down and Realtor estimates its current value at $146.5k...
Lucy Can
How to do taxes on Property Development
We bought a single family home near downtown Denver, gave it to a builder for constructing a duplex after doing a quit claim to an LLC in 2018. The Duplex finished building in Summer 2019 and we sold it in fall 2019. ...
Vincent Plant
Awarded a judgement on a contractor. Now what?
I paid a roofer who was recommended to me half ($3,500) up front to replace a roof on a property im brrrring. Next day, he cashed the check and never did the job. Ive gone down every road trying to get the money back ...
Michael Newman
No Credit No Money, How Do I Start
Hello everybody, the title is self-explanatory. I would like to hear from investors who have started their investing journey with an apartment in the same situation as I’m in. What did you do and what do you recommend?
Emzie Blankenship
Starting an LLC with a Friend to Invest Into Rentals?
Come tax returns I should have around $5-7k, I have a friend who has been saving as well. We've talked on multiple occasions about rental properties. The idea of the LLC would be so we have equal ownership of the LLCs...
Dennis M.
After giving1099do i have to file return even no income for 2017?
My LLC was form and office in the US who own all the properties. The LLC already have an EIN. Properties acquired last year 2017 and are still under repair and no income for last year. Do i still need to file a return...