All Forum Posts by: Alicia Marks

@Costin I. I found this to be incredibly true as well. I agree it very important to reasonably evaluate the likelihood of the event vs the cost to set up protection against it.

 We set up our own LLCs through online services. We didn't feel the additional protections offered were necessary at this point in time.

Thank you. We did not get an EIN since the plan was to form a joint LLC at the end of project completion. I appreciate the quick response!

I have several properties I did a JV agreement on with someone while we were feeling each other out. We have since formed a joint LLC, and properties we held were moved to it at refinance. The issue is at initial purchase. I used a HML for some and he did for others, only in that person's name. We signed a JV agreement afterwards showing 50/50, but names were not added to title until we changed to the LLC ownership. The issue now is that my accountant says I can't use any of those expenses he has the loan on because I wasn't legally named on mortgage or title. If that is the case I will be missing out on significant tax savings. This doesn't seem correct, as I know there are lots of JVs that seem to have no issues. What are my options and potential workarounds? I don't think I can go back and claim those when we moved the property into the LLC and actually put the unit into service. Appreciate any assistance here because our respective accountants disagree and the partner's taxes were already filed.

April's meetup will be April 9th. We are discussing rental arbitrage! Here's the event link to find out more. Hope to see you there!

https://www.biggerpockets.com/forums/521/topics/1178341-lets...

Our group is open to new and experienced investors alike. Flippers, multifamily, commercial, short term, wholesale, etc. We are excited to get back in the swing of things this fall with new topics to help you grow. Our LOCATION: Infused Dance Academy, 2155 Marsh Ln Ste 120, Carrolton, TX

We will network 6:30-7:30, with a presentation 7:30-8:30

April Topic: What is rental arbitrage and what do I need to know about this strategy?

Looking for ideas to get started or grow your portfolio faster? Wanting to create big cashflow with small funds? Wondering how rental arbitrage affects your cashflow, your risk, or your taxes? We will be discussing this innovative strategy at our April meeting.

Buy your ticket here

Hi @Hector Espinosa I'm actually running the meetup now. Our next meeting is this Tuesday at 6:30pm. We would love to have you!

https://www.biggerpockets.com/forums/521/topics/1170881-lets...

Our group is open to new and experienced investors alike. Flippers, multifamily, commercial, short term, wholesale, etc. We are excited to get back in the swing of things this fall with new topics to help you grow and a NEW LOCATION: Infused Dance Academy, 2155 Marsh Ln Ste 120, Carrolton, TX

We will network 6:30-7:30, with a presentation 7:30-8:30

February Topic: What's going to happen in the real estate market for 2024?

We may not know for sure, but we are ready to arm you with data, facts, and figures to help guide your real estate decisions this year. Come with your questions and enjoy time to network.

https://www.eventbrite.com/e/793832784227?aff=oddtdtcreator

@Kay Nemen where is the quad? A large number of my current units are in Cleburne.

 That's right. I forgot the old one was in Irving.