Chris Mackinlay
Creative Financing help
16 August 2020 | 2 replies
Confirm that the IRA LLC provider will prepare all of the documents needed to not only form the LLC (articles of organization, SS-4 to obtain an EIN) but also the documents needed by the trust company to process the investment of IRA funds in the LLC.3.
Anass M.
Turning Primary residence into an LLC
25 August 2020 | 11 replies
Do they require a business to be formally organized as an LLC?
Sunny Rajvansh
Notice to Quit in Connecituct
13 August 2020 | 1 reply
There are landlords on there who have organized and brought a lawsuit against the Governor.
Ayne C.
Looking for an ap to automate 3 notices to tenants
14 August 2020 | 2 replies
I find myself in need of an ap that helps me automate and organize notices to tenants.
Ben Scott
Duplex remodel in Historic Gatewood in Oklahoma City/OKC
18 August 2020 | 1 reply
I'm a licensed agent in Oklahoma and was able to organize the contracts myself.
Ben Scott
Duplex remodel in Historic Gatewood in Oklahoma City/OKC
14 August 2020 | 0 replies
I'm a licensed agent in Oklahoma and was able to organize the contracts myself.
Chad Grossman
Rookie with a lot of $$$ looking to get in the game
17 August 2020 | 20 replies
You have to figure it out organically and those are the 3 easiest ways to do it.
Ian Sinclair
Tax Time... Is it harder with SLLC vs. an LLC ?
16 August 2020 | 13 replies
I routinely work with numerous organizations that have a 1000 or more corporate vehicles including LLCs where sequestration of liability makes perfect sense given the relative active business risks which are enormous and the relative costs of establishing and maintaining the structure are negligible.So again I say show me a small real estate operator that has been saved by an expensive and cumbersome legal entity structure that couldn't have been done it at least as effectively and much more efficiently through fundamental risk mitigation practices which disciplines one to act responsibly from the outset.In other words, running what are essentially passive real estate activities by retaining competent and professional management and a modest amount of insurance coverage (which should effectively limit risk sourced to the RE activity), and if you need additional coverage (for risk sourced outside the RE) get some ultra affordable umbrella coverage.Now I realize you won't be able to able to strut down the street pretending you are a player because you have an LLC, but it seems to be a very very small price to pay for not being played for a fool wearing the LLC trappings of a clown.
Michael Bell
Hottest states to invest in
28 December 2020 | 136 replies
Has the median income grown at least 30%, and the same goes for home value which should be growing at similar or higher rate.
David Y M.
Tax Schedule E Questions for Active Participation Loss
17 August 2020 | 16 replies
You need to stop reading whatever you're reading that has created these ideas or smoking whatever has brought these pipe dreams and actually consult with a qualified tax professional.You're off the rails in so many different ways that just trying to organize my thoughts to address anything would require a complete re-education of pretty much everything you're thinking.Quickly though...Active participation in a home you're house hacking and currently living in does not create a deductible loss.