So my 2015 (the year we started rehabbing properties full time) was audited. I made the mistake of not using a CPA and she messed up my tax return huge. Long story short I got a $14k refund. During the first quarter o...
Hello everyone.
First time poster.
General Background
Newbie investor
No credit available (poor credit and repo due to major health issue).
Multiple tax years of returns due (nominal to no income)
Unplanned ow...
Any thoughts and/or advice on self directed IRA's?
I have 5 rentals. All paid-off. They total upto $1.5 million of rental assets.How do I do asset protection against any lawsuits, especially in a tenant-friendly state like California.Actions Taken:- I have broken them...
Is an LLC a practical requirement to investing in buy-and-hold with a partner? If so, is there any way to get around the financing issue with buying under an LLC without having to risk the due-on-sale clause?In my re...
I received a call from someone interested in renting one of my properties. My gut reaction is that I am not interested in renting to this person, but this is only my second property so my experience is limited. ...
Do you bundle your rental properties homeowner's insurance with your personal policies? Why or why not? I was thinking it would be better to have each house be on its own, to make it easier for my CPA. Thanks for y...
So I am placing an offer on a Short Sale and I feel like its just too lengthy. Below is the letter of intent, I have tried to make it personal and cover all of the details. Should I split this up into multiple documen...
I came across a seller (widow) that presented a pretty complicated situation and I am trying to determine if there is something I am not aware of that could make this deal work. Husband passed away beginning of 2014Th...