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26 October 2024 | 1 reply
The property owners IN MASS burnt down their properties, which, since they did not file insurance claims was actually the only LEGAL way to free themselves of the continuing negative cash flow of these buildings.
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25 October 2024 | 6 replies
You are going to be thousands in the whole before you ever start and any cashflow you get from a rental will be eaten up in tax and corporate filings.
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24 October 2024 | 29 replies
Every state has a dept of corporations where their info should be filed.
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25 October 2024 | 22 replies
Fair Return:An owner can also file a petition for a rent increase based onfair return.
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24 October 2024 | 3 replies
In CHS, the county assessor has a two page form that you complete and file with the assessor's office, similar to applying for the legal residence exemption.
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25 October 2024 | 4 replies
I definitely would want the mail to go to the correct place.If someone wanted to sue you, the fact that you ignored changing your address would be a good argument that you are not maintaining corporate formalities, potentially having the protections of your LLC ignored.Most states have annual filing requirements for the LLCs so that would be a good time to update it.
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25 October 2024 | 4 replies
Consider if it will truly benefit your tax position, liability protection, or asset management, or if it will just add unnecessary paperwork.If you’re in a state like California, keep in mind that you’ll have to pay $800 annually to the Franchise Tax Board, file a periodic Statement of Information (SOI), and submit a Beneficial Ownership Information (BOI) report.It’s a good idea to consult a real estate attorney to ensure you’re making the best decision for your specific needs.
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25 October 2024 | 66 replies
I filed a consumer complaint with the FTC about 4 months ago and haven't heard a response.
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24 October 2024 | 19 replies
When a foreign LLC wants to do business in Arkansas, it must register with the Arkansas Secretary of State and pay the $300 state filing fee ($270 online).
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23 October 2024 | 6 replies
Joint Filing Considerations.If you are married and file a joint tax return, either spouse can qualify as a real estate professional.