All Forum Posts by: Marysue Connelly
Marysue Connelly has started 17 posts and replied 54 times.
Post: how to avoid a lawsuit
- Posts 55
- Votes 11
HI, I am looking to move my rentals into a LLC. I would like to hear for anyone who has been sued. What worked and what would you do differently if you could?
Post: Inspection on Multifamily property
- Posts 55
- Votes 11
We are in the process of purchasing our first Multifamily, 4 buildings, a 24 plex, a 6 plex, 5 plex, and 8 plex. Wondering what detail of inspections is common. Cost adds up quickly. Is checking the gas line advised? uncommon problem but expensive fix if there is a problem. Same with sewer line. Should we have an inspector walk through every unit? 43 total units.
Post: 1031- Defining proceeds from relinquished property
- Posts 55
- Votes 11
that is my understanding. Any cash you do not carry forward is taxable.
Post: recommended cash on cash return on a rental purchase
- Posts 55
- Votes 11
I recently listened to a webinar and heard Brandon say he would not buy a rental unless it made 12% cash on cash. I'm hoping Brandon or someone else can clarify if that is before or after tax. Does that include principle pay down? Thanks for any feedback !