I am looking at purchasing my first multi family ~40 units. Would it be wise to structure a out of state LLC (Nevada) for anonymity and asset protection? I currently have an instate LLC which has 4 Properties in it...
I found a great vacant home and I found the owner. The problem is that the owner doesn't believe she has control of the property anymore, since she went through bankruptcy. The house is slated for tax sale for $4...
Now that we are switching to tax lien auctions how do you guys feel about the changes ?
How do you think it will effect your business?
What are some new strategies you're trying out?
Answer as many or little as you...
Is it just me?
I look at most multi-family deals I come across - and most are in California - but all the same ...
Why do "investors" pay 2x or more for buildings?
Examples ...
Small town - 14k pop - 7 unit; s...
Hello All,About two years ago I opened a Roth IRA after taking a college class for Personal Money Management since my teacher encouraged diversification and the tax benefits and all that jazz. Well since then, I have ...
Hello, I would like some advice on a property that my family owns.It is two SFR's on one lot (detached) in LA County that was bought in the early 80's and is now owned free and clear. It has an NOI of ~30,000 and I th...
My team and I just met with a CPA firm and were quoted $280/ month for year 2019. This is to handle our salary, distribution, and monthly books. We have elected to be taxed as an S-Corp.Just curious if this is reasona...
I am a newbie to Short Term Rental Investing and I had a typical newbie question because I have recently moved to Phoenix AZ within the last 12 months and am in the process of acquiring multiple short term rentals in ...
Don’t pay them for their services! Read Tom’s book and then hire your own local CPA for any additional support. The $15,000 service that I paid for is not worth the value that was provided. I had already read Tom's bo...
I own a home in Little Rock AR and moved to Texas for work in June. The past three years I rented out my spare bedrooms to three other girls. I never considered it to be "income" as 90% of it went to the mortgage or r...