I have a tenant that filed a lawsuit against me. This all started because he owed me 8 months in rent due to not having a job. I let it go for 4 months before I gave him a Notice to Pay or Quit. Didn't pay so th...
For all of the successful Buy and Hold investors:What percentages do you use for the following when evaluating a potential buy and hold income property:1) Cap Ex2) Management3) Vacancy4) RepairsThanks in advance!
So I came across this article today. Starting May 16th, unaccredited investors can now take part in equity crowdfunding. Here's the full article from Entrepreneur.com: https://www.entrepreneur.com/article/275215Of cou...
Hi Everyone - I'm interested in finding Cash Flow Positive Properties in Ski Resort Towns. I've found Colorado to be one of the most expensive in the US, maybe followed by Park City/Deer Valley, Utah. Are there any ot...
I currently have an LLC for my consulting business (not real estate) and want to loan my real estate LLc money for purchase and renovations. Is this allowed? Or do I need to make a disbursement to myself to fund the...
Hi experts. I recently found out how contributions work for a solo 401k and that rental income is passive. So basically I'll never be able to contribute my solo 401k in this entity. Not the end of the world, but certa...
We are about to close on a duplex that has separate electric but only one furnace, AC and hot water heater. Anyone have ideas on how to best split the utilities or bill back to the renters?
Currently there is only on...
Hi BP!This is part of a series where I detail the conversion of four units from long-term rentals to short-term Vacation Rentals (VR.)Synopsis of this part: Setting up wifi for your guests and for smart devices in you...
I called my tax advisor to ask how to use my business credit card. She is my wife's aunt and is not a CPA, but has being preparing taxes for the whole family for years and for other people, including some LLCs. I was...
Hey BP community! I need some advice as I'm sure most everyone here is. Here's my situation, I'm 21 years old, single, still with my parents (to save up my money to invest<-- Dad's advice [You rock]), and I have ab...