Joanne Potros
Robinhood investing = $217k IRS tax bill?
21 June 2024 | 17 replies
Does he have an obligation to help me sort this out?
Gordon Harris
Pass-Through Legal Entity Tax Considerations
19 June 2024 | 1 reply
I am trying to create a 100% pass through legal entity that will not be subject to any taxes or obligations to pay anyone within the entity a salary.
Amy Perry
Not sure where to buy multifamily
20 June 2024 | 13 replies
Lenders have expanded their guidelines to allow for up to 85% financing assuming healthy credit and income is producing above what the debt obligation would be for the home.
Cindy Girard
Memorandum-Buyer put on property, does he have to sell at original contract price
19 June 2024 | 1 reply
If the buyer did not close or fulfill the obligation then seller could potentially sue for damages - see this more often in wholesale deals.
John Campbell
Steps to Turn Primary into Rental
21 June 2024 | 10 replies
Any lawsuits should be limited to the assets of the LLC and not your personal assets (assuming you run the LLC appropriately and the corporate veil is not pierced, some debate as to SMLLC).
Bethany Fannin
New Looking to House Hack a small Multifamily Property
20 June 2024 | 9 replies
I work in IT but have found the corporate world doesn't fit my independent spirit.
Nicholas Lilly
Series Limited Liability Company (LLC)
19 June 2024 | 3 replies
Liabilities, debts, and obligations are only held against each child LLC and not against the parent LLC or other child(ren) LLCs.
Christopher Stevens
Shift properties from personal to the business
19 June 2024 | 3 replies
It doesn't stand alone like a corp or LLC with a corp election.
Hector Lewis
Lender will not approve purchase due to the price is too low
18 June 2024 | 17 replies
Start talking to other lenders, plain and simple... you preapproval does not hold you obligated to anything.
Evangelina Obana
Heloc application primary residence before moving into next primary residence
18 June 2024 | 4 replies
You're not obligated to spend it.