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I am looking to purhase a 2 family home half of which is currently rented out. I am told the renters enjoy their spot and would like to stay. The second no rented spot is out dated and will ne renovations. This pro...
Relatively new here, thanks in advance for answering my question.For context, I own a property with several relatives on the deed as basically caretakers, but the property is understood to be mine; we'd like to take t...
I started a side business this year with my mom as a mainly silent partner. We have tools, truck, trailer, insurance etc for the equipment for the business and are currently finishing up a house flip that we purcha...
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What can I do if I did not claim depreciation on some years of my rental property ownership?Is there ever any benefit to not claiming depreciation?If I plan to own a property very long term, would it be more beneficia...
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We are preparing to set up an LLC for our investments. We currently only have one property but plan to grow that in the next few years. Would you guys recommend using a website, such as LegalZoom or should we pay to...
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My mom owns a $200k house free and clear. She has a tenant in the house for the last 4 years. She is willing to allow my sister and me to use the equity in the house to seed our real-estate portfolio. We are trying to...
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Good afternoon!I am trying to find the options to set up an entity to participate within another entity (LLC) in a construction deal.An associate of mine is putting together a construction project for single-family ho...
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You are new to Real Estate investing and you've heard from your fellow school mom that the way to make money in this business is to flix & flip homes that are going on a 'foreclosure' because you can buy them real...
Hello everyone! I'm Eric and my wife (April) and I are partners in this new real estate investing venture. I just wanted to introduce myself quickly and then ask a few important questions. I (Eric) have been reading a...
I purchased a piece of property from a bank that got title through a foreclosure via the first mortgage lien. There was a medical lien put on the property (vacant land now) 2 years prior to the bank foreclosure. My un...