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30 August 2024 | 15 replies
An example of this would be mixing your personal money and LLC money in the same bank account.3.
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28 August 2024 | 16 replies
Over the past 6 months, I have responded to probably 6 solicitations from area wholesalers (mostly yellow letters), and I have not received one single follow-up call!
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29 August 2024 | 14 replies
If that's the case, it may be simpler to just talk with the syndication sponsors to see if they'd make an exception for you.In general, mixing money across your natural financial boundaries has some risk, so creating partnerships like the one you describe should not be done without due consideration.
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30 August 2024 | 7 replies
Followup with a letter and a new revised lease stating the terms.
29 August 2024 | 2 replies
It's costly, takes time, requires a specific process to be followed to the letter, and it's not for the faint of heart.
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26 August 2024 | 3 replies
Hello,
I have a property that I am giving a face lift to (siding, new windows, partial roof, and new flooring. I am debating on taking a 2nd mortgage out or paying in cash to fix it. After the fix I want to put it on...
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28 August 2024 | 9 replies
Make sure all transactions for the LLC go through this account, and keep detailed records to avoid mixing funds with your personal accounts.
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28 August 2024 | 17 replies
Hire an attorney for one specific act only - to send a letter on his letterhead threatening legal action.
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29 August 2024 | 6 replies
@Alex P.Here's a few references to start that may help you to find the answer to your question: Treasury regulation §301.7701-(3)(b)(1)IRS Private Letter Rulings 9807013, 200732012 and 201216007If you need help finding these or interpreting them, as well as knowing how reliable they are for you to use for your own taxes, consult a tax professional.
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24 August 2024 | 1 reply
It’s a market rate 2 bedroom 2.5 bath townhome in a community that’s a mix of market rate and work force homes.