Bryan Hart
Landlord from Kentucky
If someone buys a house in poor condition and fixes it up for a rental and does all the work themselves...come take season does one depreciate on taxes the original cost of the house and the cost of materials? Or can ...
Joseph C Schmitt
Using SC Public Records for Solicitation
I currently live in New York, my network currently targets the majority of sellers using Direct Mail campaigns. South Carolina has the following law: PURSUANT TO S.C. CODE §30-2-50, OBTAINING OR USING PUBLIC RECORDS ...
Jayme Carlson
Illinois eviction help
Starting my first eviction today. Boone county, Illinois. My question is, since I live in the other side of this duplex (I’m househacking, do I have any extra leverage versus if I didn’t live here. Is there anything t...
Steve Karp
SDIRA LLC partnership change
I have an LLC which is a partnership between my SDIRA and another entity. The other entity would like to liquidate it's position leaving the SDIRA with 100% ownership. Can this LLC ownership change be made with simp...
Tony Smith
Trying to find the status of a home auction
There is a pre foreclosure that has had its auction date pushed back several times over the course of a year or so. The last updated auction date was supposed to be last week. A call to the Foreclosure Trustee agenc...
Don Chan
RE Lending Crowdfunding - Taxes & LLC
Hi BP,I've successfully invested in real estate debt crowdfunding (i.e. Peer Street, LendingHome, etc) and now would like to incorporate as a LLC (for asset protection) and declare taxes as a C-Corp (for the differenc...
James Qiu
Who pays for property damage caused by theft or vandalism?
I had a tenant told me someone tried to break into his house and broke the window. I inspected it and found no obvious signs of forced entry so I suspected it's either vandalism or one of the boys did it. So I told hi...
Isai Turcios
Estimated Cost to Convert a 2-Family into a 3-Family home in NYC
Hello Everyone, I am looking at a property in Queens, NY that has the potential to be converted from a 2-Family Home into a 3-Family home by converting the basement into a legal dwelling. Basement has 2 entrances (Fro...
Richard Solano
Reg agent for an out-of-state LLC in FL
Hello everybody.I have one rental property in Tampa, FL and looking to buy another one. i want to form an LLC in FL, however, I live in VA. I need a registered agent in FL but want to avoid paying a company to act as...
K Johnson
LLC Do I need one? Why or why not.
Hello everyone. I'm very excited about starting my real estate journey.
I've been told to apply for an LLC to protect my rental home. I live in Florida, so I won't pay any sales tax. What is the importance of filing...