Meldeine Sipes
LLC filing... California or Nevada?
I plan on setting up an LLC for my real estate business. My initial priories will be in Las Vegas but I love in California.
For tax purposes I thinking I should register my LLC in Nevada.
Can anyone give me some ...
Brandon Tarby
Looking for my FIRST MHP - Things to look for?
I'm looking to purchase my first MHP, what are some things you wish you knew heading into your first purchase? Questions to ask, financing options, things to look for, etc. Was your first MHP close by, or remote? I'm ...
Mark S.
Leaving Funds to be ”Accrued” w Operator/Syndicator SD-Roth IRA
I own a couple of cacao parcels as part of an agricultural opportunity/syndication inside my Self-Directed Roth IRA. The SD Roth IRA owns the physical parcels (not a fund), but turnkey managed, syndication style with...
Account Closed
duplex has no comps
this guy has 4 duplexes that he wants to unload. he was initially asking 450k for two and 500k for two. but if i bought them all he'd drop them to 400k for two and 450 for two....1.7m total. there are no comps that ...
Andrew Cornell
tenant paying above market rent to himself
I was assisting a family member who was looking to purchase a multi tenant office building as an income property. I noticed monthly rent for one tenant was about 10% higher than the others. Turns out that the owner...
Lisa Casey
How to report expenses on a rental when adding an addition?
We decided to add an addition, master bedroom/bath, to our rental house. It did not go as planned and need advice on how to report expenses with no current rental income on my tax return. The rental house was shut do...
Tom Mitchell
Tax planning question
If one has a second home in a high-tax state that rents for more than 14 days a year and is used more than 14 days, would it make sense to convert it to a rental property, given the new tax law?
Simon Yeramian
Help me clarify some numbers ...
Hello, this is my first post on this forum. I'm a college student very interested in real estate investment. I was reading an article lately and then I started this calculation. It is about the acquisition of a renta...
Anthony R.
Can you sell service to yourself?
Recently my landscaper went under due to the loss of business from the virus. This has led me to just buying all the equipment to do all the landscaping myself. Now obviously, I can write off the equipment but not my ...
Joe Wood
Switching to multi member LLC
My accountant told me to switch from a single to multi member llc for beneficial tax purposes.
I was planning on adding my wife. The problem we have now, is we are applying for a mortgage in her name only. The one pro...