All Forum Posts by: Kevin D.

@Brandon Hall For some reason, I thought that all of the expenses that I incur prior to placing the house up for rent were capitalized and added on to the purchase price to come up with the depreciation factor? Or is it only the expenses that are directly connected to the rehab?

If my single-member LLC bought a property in 2014, but was not placed up for rental until 2015; so there is no income or expenses (other than capitalized expenses). Do I need to add the property on my Schedule E? It seems that since Schedule E does not have a balance sheet, that I would not be required to list it..

I'm not a pro, but I do have some deals in NEPA under my belt. If you ever want to chat, message me or email me. Welcome to the forums and to REI.

Nice.  Thanks @Kris Fox

I own a townhouse near Boston, and there is a leak in the roof caused by an ice dam.  Since the roof is the Association's responsibility, is the water damage inside that it has caused their responsibility as well, or is it mine?

Welcome to BP and investing in the W-B area. Let me know if you come by any great deals. Inbox me on her to discuss privately. 

I like the info graphic.  Solid work, @Bryan O.. After listening, that was the impression that I got as well, but wanted to hit the forums to confirm. Right now, I have an LLC that I buy my buy/hold properties in. In order to ensure that the LLC is not a disregarded entity, my lawyer created a trust where I am the trustee and my kids are the beneficiaries. The trust owns 5% of the LLC and I own 95%.

It seems like the idea is flipping my structure upside down... Does anyone else have a structure like mine?

Welcome to RE investing in NEPA. I wish you the best of luck.  Feel free to message me if you have a great deal. 

Once again, wish I could make it.  I'm traveling on business.  Hope to make it to a Meet Up soon. 

Congrats, Dan!