Jonathan Twombly
Do you need an LLC? Absolutely. There is No Debate About It.
5 June 2017 | 113 replies
In reconciling competing views from the Ohio Appellate Courts, the Dombroski Court found it “necessary to modify the second prong of the Belvedere test to allow for piercing in the event that egregious wrongs are committed by shareholders” and held that in order to “fulfill the second prong of the Belvedere test for piercing the corporate veil a plaintiff must demonstrate that the defendant shareholder exercised control over the corporation in such a manner as to commit fraud, an illegal act, or a similarly unlawful act.”Whether an Ohio court will pierce an LLCs corporate veil is a fact specific inquiry that will vary from case to case.
Jonathan C.
Flipping as Active Income - Tax issue/Question
15 June 2015 | 13 replies
If that is the case, then that makes my question irrelevant because I always thought a "business entity" is taxed based on its profit/loss for the year, I didn't know that for RE, "sales tax/capital gain tax" has to be fulfilled before the profit/loss.
Michael G.
Has anyone had success marketing to probate or divorce attorneys for leads?
12 June 2017 | 27 replies
Again, its my opinion that those signs are unneeded, do they work (Yes), but would I personally stick to societal norms to reach out to individuals who half the time do not even look up from their cellphones while driving, no.
Danielle Hammond
license required?
22 June 2015 | 8 replies
If you want to wholesale, I interpret those Rules to mean that it would be up to YOU to fulfill the Sub2 requirements, not your next Buyer!
Joshua Dorkin
BiggerPockets Profiled in Entrepreneur
30 June 2015 | 41 replies
Selfishly, because I love BP, and it has to be very fulfilling for you as well.
Drew Clements
Market Like a Wholesaler, Balance Rehabs/Flips like a _________?
21 September 2015 | 7 replies
I like real estate because I find fulfillment in creating tangible value and like the wealth-building potential to provide for my family's needs.So why not build a business focused on wholesaling, yet keep the best deals for flips/holds?
Billy Davidson
New Agent - How To Split Up Commission Check?
12 October 2021 | 4 replies
I recently took the jump from being a CPA, which was boring and not fulfilling to becoming a real estate agent.
Nick Parenti
Aspiring investor with unique situation - how to get involved
20 October 2021 | 16 replies
You can maintain it as your Primary residence and fulfill the owner-occupied requirements.
William Walker
Buying a house that’s rented out to businesses
15 October 2021 | 10 replies
Through the years, economic and societal changes resulted in change in types of tenants.
Erich Henson
Built a 6-figure profit with rentals. What's next?
14 September 2022 | 19 replies
You see I manage my properties myself and my wife and I want to fulfil a dream of moving out of state to live somewhere warm and close to a beach but I'm realizing that if I hire property managers to take my place, my profit will be slashed in half or worse.