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Transfering a property into an LLC
How do you go about transfering a property you still owe on into an LLC ?
And..is it even necesary for tax / legal purposes ? Meaning - I'm going to form the LLC for liability protection but wonder if I need to then...
Brendan Griffin
Need help structuring this deal
Hello BP Community. I have enjoyed this site for months and this is my first post. I have a house in my LLC that was paid cash. I have owned it for 8 months and the listing just expired with no sale. I was contact...
Steven Scott
Investing or Paying off Existing Mortgage in Todays Market!
My info: Primary residence is a Triplex bought at $320000 in 2011, current est $465000. Rent collected for 2 units $2300. Mortgage, insurance, taxes, & water = $2000 a month.My initial plan: Buy a triplex or quad ...
Jerome Kaidor
Newbie in Foggy California
Hello!
Welcome to the meeting of Landlords Anonymous....
"My name is Jerry Kaidor, and I'm a landlord"
( "Hi Jerry!" )
It started in 1996. I had a good job in Silicon Valley, and my ...
Paul B.
Why is depreciation 1/27.5?
Can anyone who has owned a property for a long period of time confirm that the money they spend over 27.5 years is approximately the original cost of the structure? Is this supposed to be maintenance, or are capital e...
Shari Posey
Is this an O.K. deal? 5-plex
The property I'm looking at is a "rehabbed" 5-plex. The owner bought it earlier this year for $290k but really didn't do much to it other than some minor maintenance and paint the exterior (ugly). There's room for ...
Michael Raposo
6 families or 3-4 families pros and cons
Im beginning to look at properties and every time i go over the numbers. Six families just make more sense then owning multiple threes. Am i wrong?
Tapiwa Wakatama
Tenant moved in so-called sister and left
While setting up a preventive maintenance appointment in early March, the tenant calls me and says 'my sister has been living there and paying rent. I moved out.' She asked if her so called sister can take over when t...
Candice Bernard
Question about purchasing short term rental in Orlando by Disney.
Good evening, I have an opportunity to purchase a 2 bedroom/2.5 bath townhouse. Prime location 10 minutes away from Disney in Orlando, in a resort that offers pool/clubhouse/gym/restaurant. The property was built in 2...
Cody Snow
Where would you start?
Hello BP Community!
I want to get serious about real estate investing. For me, it's just theory, ideas and learning at this point.
A bit of background, I am married, with two kids and a dog. The house we are in no...