Matthew Schroeder
Accountants: Sale of Rental Property in LLC - Ordinary Income or Capital Gain?
Dear All,Are there any wise accountants out there?The Situation: The LLC in which I own a 50% interest sold a rental property last year and recorded a large gain on the sale. I had considered this a "capital gain" a...
Kevin Alvarado
What do investors do when they have multiple properties? Multiple LLCs?
What do investors do when they have multiple properties? For example, 15 different properties for rentals. Do they just create 15 different LLCs? For fix and flip, that would be a separate LLC too? Any clarification w...
Zachary Harris
Can you charge tenants or landlords a "finders" fee?
Is it possible to have a business that connects buyers to sellers and sellers to buyers, and in the process charge a "finders" fee?
Jake Berwind
I need to know the good AND THE BAD!!!!
I'm thinking about putting my house up for "lease to own" and then just renting a house to actually live in. I have heard about all the reasons why I SHOULD do it, but I know there are some horror stories out there th...
Neel Patel
How to set up the terms when someone is acting as GC for your own project?
We are planning on constructing a duplex and taking on the role of Project Manager. We have a GC who would sign on as the general contractor on the building permit but then allow us to oversee the day-to-day responsib...
Account Closed
Is there a market for land contract?
I am a wholesaler in Tampa, FL. In my marketing I got a lead that is a land contact. It's a mobile home in about 1/2 acre of land in Marion, Ohio which is apparently about 30 minutes from Columbus, OH. The owner owns ...
Josh Collins
Can I manage my friend's home as a rental w/o realtor's licence
My friend just took a job in the Netherlands and is moving to Europe in a month. He wants me to manage his property for him while he is gone. I have storage facilities and have had other rentals myself. I'm wonderi...
Account Closed
?How do you legally execute a wholesaling transaction?
What are the legalities behind wholesaling? If i am not a licensed Real Estate Agent, is this ok? I am curious to know the laws & rules behind this. Thanks!
Luke Perrin
Does filing one tax return for multiple LLCs negate asset protection?
My wife and I own 2 rental properties in Colorado that we are working on getting into LLCs for asset protection purposes. I also have a single member LLC for work. We have a Wyoming LLC owned 50/50 between the two of ...
Joshua Bailey
Create an individual LLC per investment property?
Heard very mixed things about this topic. Thinking this is the way to go for easy accounting purposes. The idea I've seen and heard is that you create an individual LLC per investment property you own for a couple imp...