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14 February 2025 | 5 replies
The IRS could apply this doctrine if it appears that the series of transactions are structured primarily to achieve a specific tax outcome, such as avoiding taxes.Regarding the 1031 exchange, while in-laws are not considered related parties, the transaction could still be scrutinized due to the complexity and nature of the other transactions involved.
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24 February 2025 | 30 replies
If they find out, then legally, contractually, they have grounds to retroactively void the policy and deny claims for *anything* it covers -- including losses totally unrelated to STR, like wildfire or a windstorm.
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14 February 2025 | 37 replies
How can we tell if the increase in house size done legally as there is HOA governing for this location?
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15 February 2025 | 6 replies
If they want an MLS offer, they are free to make the repairs and list the property.So, the SubTo part, I am very, very experienced.
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9 February 2025 | 3 replies
I don’t want to keep up on local, state and federal law changes so they keep me legal.
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7 February 2025 | 3 replies
There’s usually not more than one investor with interest in any parcel so there’s is absolutely no incentive for the investor to pay a “wholesaler’s fee” in this scenario.In the scenario where the land is ready for development, and the economic conditions make development a profitable activity, the land owner has already been approached by the developer or multiple parties with offers to purchase.
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6 February 2025 | 2 replies
We now are looking to create an LLC and setup the necessary legal documents to protect both parties and layout the terms of the agreement.
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25 February 2025 | 14 replies
This means that if a third party researches the owner of a specific property, they will only find the parent LLC, which is held by the WY LLC.
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5 February 2025 | 21 replies
This may result in late fees and eventual eviction if not cured within the legally provided time.
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24 February 2025 | 36 replies
An LLC is useful for two things: anonymity and legal protection.