William R. Matthews IV
How to move personal property to LLC
What process should I do in order to transfer a paid personal piece of property into an LLC? I have a house paid for and rented out but I need to move it into an LLC. Advice and comments appreciated!
John Hill
SDIRA with family member
Wondering if anyone has experience with this. Here's the scenario:My mom has an IRA and we have talked about her becoming involved in investing in my ventures. We have recently spoken about moving a portion of her IRA...
Hung Dang
Will I qualify for another mortgage?
Hey, I'm a new investor and I purchased a home about a year ago with the help of my dad. He cosigned on the house with me because the mortgage was more than I qualified for by myself. I've been saving up for a down pa...
James W.
Is 5% property management fee too high? How much responsibility?
I am in escrow to buy a 10,000 sq foot commercial building in Southern California with 13 tenants. I plan on using the existing property manager who says he will charge a 5% management fee. Do you think this is too h...
Art Maydan
Being Paid Through LLC vs. Personal
In addition to property management, I do hourly work for a rehabber. Would it be better for them to send a 1099 to my property management LLC or to my personal name? Both are justifiable since I end up managing the ho...
Luke Ostergaard
Checking/Savings Account for Rental Property
I have seen several different opinions on this matter but I wanted to get some up to date recommendations. I am working on acquiring and moving into my first househack (2-4 unit property) sometime within the next 3 mo...
Mike Beall
2020 tax strategy for scorp with 5 rental properties
I have read several articles here about the benefits of scorp vs llc and I'm going to work towards a series llc to hold the properties in 2021. In early 2020, I started a multi-member LLC (2 members) and elected scorp...
Angie Taggart
1st Property- Family Venture - Andersonville
Investment Info:
Small multi-family (2-4 units) buy & hold investment in Chicago.
Purchase price: $525,000
Cash invested: $300,000
Sale price: $945,000
This was a family venture where each fa...
Art Maydan
Being Paid Through LLC vs. Personal
In addition to property management, I do hourly work for a rehabber. Would it be better for them to send a 1099 to my property management LLC or to my personal name? Both are justifiable since I end up managing the ho...
Cat R.
Serving 3-day notice after new property manager notification.
I recently sent a tenant a letter notifying a tenant that I will be handling the management of the property they are in and my father is no longer the one they pay rent to. However, that tenant hasn’t paid for Decembe...