Hi Everyone! I’m looking for suggestions or investor friendly CPA versed in Massachusetts high tax environment. My wife and I now own 4 doors split across 2 states and we’re getting a little overwhelmed with figuring ...
I've been using the Property Analysis sheet provided by this forum to analyze properties. When you say a property cash flows, and you want $100 per month per unit (in general) are you looking at the line "Cash Flow Be...
How do you calculate cost basis when the property is a condo? From what I've been reading about depreciation, cost basis does not include the land. Is it just most of the time close to the purchase price? I paid $255,...
A fellow landlord failed to keep property insurance on his LLC and one of his units sprung a leak and destroyed my unit underneath his... the damage is extensive and he mentioned possibly just signing the title of his...
Howdy all! First post here, which I tried to avoid by searching through the forums, but failed to find another post that answered my inquiry (though I will continue searching!).I've uploaded a County file of tax deli...
I've read that its better to form an LLC and then 2 S-Corps underneath it that own the LLC for a partnership rather than forming a normal partnership for operations. Is this better for taxes?Could partners just elect ...
Hi all,I tried a search however I could not find what I was looking for. Hopefully someone could help me out and point me in the right direction. I am looking to invest in single family houses for monthly cash flow. I...
Hey Team, I'm looking at acquiring a manufactured home up in Washington state and the seller is interested in letting me take over his mortgage. I keep hearing different rules and laws about the differences between no...
I have formed a Series LLC for my rental properties. What are your thoughts on utilizing Protected Series 1 as the management protected series, responsible for managing the operations of the business? Protected Series...
Hi guys! Looking to get some more insight on legally structuring and starting a real estate investment group business. A few partners and I are looking to put our money together and buy properties underneath a joint L...