So in searching the forums before posting I found a LOT of people asking what to do when their tenants say the check is in the mail. Typically the story goes a bit like this: Rent due on the 1st, late on the 3rd-5t...
I sold a property Sub 2 in 2013 on a 5-year balloon. No escrow. Buyer sold the contract to someone else. Balloon was due in 2018. He has not performed, has not paid taxes or insurance so my balance went way up with ...
Hi BP,I have done readings on LLC setup for rental properties. I am now confused as I kept seeing different ways people do things. I have consulted with 2 different CPAs before and they told me 2 different ways.We cur...
I am a first time home buyer. I do not want to buy a house for myself. I want to buy a house to start building a rental portfolio. This would be a side endeavor for me, and I am simply considering this for a small sid...
We have a friend that has moved from Iowa to Texas but has a home that needs about $50k worth of work on it.She has very limited funds if any. I have agreed, if we can get a contract for this, to take over her mortgag...
Hello all,I have a question regarding a subject to.If one were to acquire the title of a house on a sub2 and the property had substantial equity, of course it would make sense to flip; however, i am looking to hold th...
Anyone in Canada have experience putting money with a syndication? This would be my first time and I am wondering what to look for and what kind of questions I can ask to prob their legitimacy. Also, this is for a dev...
Hi I'm a total newbie. All I know right now is that I want to build passive income through rental properties.
So, I'm just going to throw this out there as a starting point to help me set some expectations....
What are the pros and cons of each when compared? Thank you!
I own a property in NC and I have a S Corp set up in Nevada. I'd like to acquire the property in under my S-corp to provide me the protection of the corporate vail. Also take advantages of some more tax write offs...