I am about as green as they come, but I’m curious to know how important is the 1% rule? In my market, rent generally doesn’t exceed $1300, so does that mean any house is priced more than $130,000 aren’t viable?
Is it possible for one person to do a 1031 exchange out of a 4 person LLC? LLC was formed by 4 people (25% each) to purchase a commercial property. I am buying out the other three. I can dissolve the former LLC and st...
Hello all,As mentioned in my profile, I have self managed a few properties for over 2 decades, but am looking to expand my portfolio in an accelerated fashion, in the short term future.
That said, In preparation, I ...
Hello, I am seeking expert advice on any (dis)advantages between two scenarios.Context: I am a full-time employee who works from home, I do not report to an office.My employer (HQ in Portland, OR) employs hundreds of ...
Hi guys, I’m looking to invest in my first deal and I have acces to capital from family and friends that live in Europe. I was wondering is there any difference from taking private money from US and what are some thin...
Hello-
I’m Buying a property (single family home) in San Diego. Seller is accepting my offer and has added this in his counter- “Seller will transfer title to his LLC during escrow”
I’m not sure how this will work ...
I purchase and rent properties in Colorado that turn incredibly great profits. I do this by partnering with those who have money and want a hands off investment. They give me $25k, and I make them $6.6k/month tax fr...
There's now a competing bill in Colorado about property taxation of short-term rentals.
The original bill, talked about here, would quadruple the property taxes on any home operated as an STR for 90 days or more in ...
Hello fellow BPers, My husband and I have been dedicated podcast listeners - and savers - for the last couple years. He is originally from Germany and we've been presented with a great opportunity to take over one of ...
Hi. Do I need to issue 1099s to contractors that did standard renovations over $600? Thanks