Frances L.
tenant screening
I have one prospective tenant. I feel very good about him. But in his credit report. there is eviction and judgement again him. The location of the judgement is the homeless agency. I checked his reference which is go...
Dan N.
Attention Out of State Investors in Alabama: Where/How do you open an LLC online?
While I´m sure a Google search can find me this answer, I just want to make sure I don´t land on some scammy website that doesn´t actually create the LLC for me.I am assuming there is a way to do this online, right?
Alexander Timberlake
Conducting a Title Search
Hello,I have a couple questions about performing a title search on homes entering a Sheriff Sale, Trustee Auction, or other Foreclosure Auction:1. How do you perform your title search to check for liens against the pr...
Alyssa Magyar
Tax rules when selling a primary residence turned into rental
I bought a home in 2021 and lived in it for 2 years. After the 2 years i moved and turned it into a long term rental. If I were to sell the home within 5 years, is the gain on the home still tax free? Or does it not a...
Jill Herges
background check software
What company or website do you use for background checks that doesn't require the renter to do anything themselves? I already have all the information, but the websites I am finding want me to send emails to the tena...
Demetri T.
How to categorize cash receive in refinance- bookkeeping
I've got a commercial property we just refinanced, held in an LLC. Part of the result of the refinance was extra cash. My questions seems simple but it is just evading me. As I am entering the transaction in my bo...
Seidy Lasker
Flipping Property in S-corp
If someone is a "real estate dealer" and can't report profit as short term gains from developing or flipping property, then wouldn't the best option be to buy and sell through an S-corp since they're a business?
Nate Lockett
Real Estate Asset Management Software
HI All,I am currently looking into some sort of software that can show me the performance amongst all of my real estate investments. Ideally this tool will show me high level data like Monthly Revenue, Expenses, etc. ...
Ronda Doxey
Owner Finance wraps and capital gains
If you are selling a rehab as an owner finance, do you have to take all the capital gains in the year you sell it? I have heard both yes and no. My CPA is hesitant and says I need to take the gains all upfront but tha...
Jarrod Murrell
Tenant screening process
What service does everybody use for background and credit checks during the tenant screening process?
Personally, i listed my rental with an agent, and he took care of that for me. Im trying to gain a little more in...