John Underwood
BOI requirements back on hold
6 January 2025 | 4 replies
The original trial court decision granting an injunction against the enforcement of the CTA and having to file the beneficial ownership information (BOI) reports has been reinstated.
Natasha Rooney
Fideicomisos VS. Mexican Corporation for STR in Mexico
16 January 2025 | 2 replies
Hi Natasha,Here are some key points to consider about setting up a Mexican corporation:Setup Costs: $1,500–$3,000 USDOngoing Costs: $1,000–$2,000 USD/year (accounting and tax filings)Benefits: Tax deductions for expenses like maintenance, repairs, and managementBest for: Multiple properties or income-generating investmentsWhile a corporation is ideal for managing multiple properties, it’s NOT required to obtain an RFC.
Evan Price
Possible Small Claims Court Action Considered - Need Previous Tenant's New Address
14 January 2025 | 1 reply
Security deposit will take care of the last month of unpaid rent, but I'm considering filing a small claims court lawsuit to get a judgement for recoverable damages.
Waruna Yapa
Who has the best rates and how to shop for them?
8 January 2025 | 14 replies
When you build a relationship and use a Banker time and time again they know your file, credit, and can determine what program would be best for the next step or cash out refinance.
Melanie P.
WARNING - Justin Goodin is Operating as Goodin Development
23 January 2025 | 30 replies
Goodin Development has no filings with the SEC authorizing it to raise money, has not pulled any permits and is not mentioned in any of the numerous news articles discussing the development and the companies involved.If you are thinking of sending Justin Goodin or Goodin Development any money - THINK TWICE!!
Lacey A.
Rent to Myself
20 January 2025 | 5 replies
However, once you file your taxes, the IRS will figure it out and you're screwed!
Monty Alston
Need creative advice to pull equity out of my home ?
18 January 2025 | 15 replies
Without going into too much detail, my current situation stems from selling a previous company via partial owner financing, only for the new owner to default on the purchase, leaving me in this position.For traditional financing, I understand I’ll need at least one, if not two, years of solid credit history, tax filings, and other financial documentation.
Ashish Wa
Buying a rental into a Revocable Living Trust?
16 January 2025 | 3 replies
For us, we have insurance on it and found it easier to keep in the trust vs. llc and have to deal with state filings etc.
Account Closed
L.A. Wildfires and Their Tax Implications for Affected Residents
9 January 2025 | 0 replies
For Los Angeles County residents affected by the wildfires, this could mean an extension of deadlines for filing returns and paying taxes.
David To
California call for class action lawsuit on Eviction Moratorium
14 January 2025 | 329 replies
I hope more lawsuits will be filed.