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29 August 2022 | 12 replies
For example, more LLCs are formed in Delaware than any other state, and for good reason: business friendly, does not tax out of state income, low filing fees and separate court called Chancery Court.Take some time to research the costs/benefits of different states and make the best decision that works best for you.
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4 October 2021 | 8 replies
LLCs have expenses associated with them (which depending on the state can include annual filing expenses, and filing fees for holding properties in other states, etc), but for just getting started or owning a small number of properties , you likely do just as well to just have some extra umbrella liability insurance.
3 October 2021 | 6 replies
@Marco TrimbornHi Marco, I have a LLC (disregarded) in each state that I have property which is owned by the “parent” LLC which is a WYoming LLC (files as a partnership) I guess it’s overkill but it works for me.
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22 October 2021 | 10 replies
You will be waiting forever for that next month to post a 3-day notice with them telling you that they will pay everything if you don't file an eviction.
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3 October 2021 | 1 reply
We filed for eviction, but the marshall has still not (it's been almost 3 weeks) notified the tenant.
30 September 2021 | 2 replies
@Jacob EddyI am in NY state, here where I am, people file suit against you personally anyway even if you have an LLC.
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5 October 2021 | 9 replies
She did not file a complaint so they dropped it.
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26 October 2021 | 34 replies
GPs and LPs own an actual % of the property(ies) they invest in as proven by the K-1 tax statement they file with their tax returns every year.
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3 October 2021 | 12 replies
Look for civil cases and see if there are any evictions filed under small claims court (that's at least how they are filed here in IN).
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30 September 2021 | 0 replies
I've filed taxes every year (for both Aus and the USA) and my income can be verified.