All Forum Posts by: Sumit Sehgal

@Ashish Acharya

I am using these disregarded entities to hold a single family home for long term rental.

Just monthly rental income and usual expenses.

No other business activity.

I have a Texas disregarded LLC, Oklahoma disregarded LLC, and Wyoming partnership LLC.

I recently learned that disregarded entities are required to file some paperwork in Texas such as Annual Franchise Tax Form (even if its zero).

I was wondering if you can tell me what annual forms from TAX STANDPOINT will need to be filled out for these 3 states involving my structure?

Texas

Oklahoma

Wyoming

Thank you so much for all your help in advance.

I have a Texas disregarded LLC, Oklahoma disregarded LLC, and Wyoming partnership LLC.

My question is from tax standpoint (not legal standpoint).

I recently learned that disregarded entities are required to file some paperwork in Texas such as Annual Franchise Tax Form (even if its zero).

I was wondering if you can tell me what annual forms from TAX STANDPOINT will need to be filled out for these 3 states involving my structure?

Texas

Oklahoma

Wyoming

Thank you so much for all your help in advance.

@John Mocker

This was an amazing breakdown. Exactly what I was looking for.

Thank you so much!

@Tony Wilcox

When buying a close to new property or fully rehab property, is one policy type better than the other?

Good morning,

shopping for insurance for a rental property (in this case, long term buy and hold strategy on 3 bed 2 bath), what sort of things I should be expecting from a good insurance company?

What are some pitfalls or fine print language to avoid?

@Axel Meierhoefer

Which TKs were they? If you don't mind me asking.

Can you share your experience with them?

Has anyone here purchased any real properties from a turnkey investment company?

Which company did you use and how was your experience?

Would you do it differently if you had to start over?

Any tips for a long distance investor?

@Salomón Mora

1) Find good deals.

2) Give a critical opinion on every property (even if it means talking an investor out of one). The investor will appreciate that and still go with you on the next deal.

3) Have an honest/dependable team in place for out of state investors who might need more hand holding than in-state investors.

@Dave Meyer

This is amazing! It must have taken you months to compile this information.

It would to be nice if you could create "Dallas for dummies" version of this very sophisticated report with investors in mind.