I have a 3rd LLC (non retirement) created in NV, working on buying RE in Detroit, MI. once the purchase has consummated, I file the foreign LLC filing with MI state, do i need to file for FINCEN too??

@Matthew Spiers Point being.....If you do not have the paperwork trail that I keep asking about, you may not be obligated to pay him for the extra work at all......

I was fortunate to buy it when prices were much much lower and got a great deal on it so we don’t have a mortgage on this building but if we did the cash flow would help with that as opposed to taking a distribution at the end of the year.

I will assume his loan and he pays me his mortgage, plus a little extra.

I primarily focus on buy and holds in the short term rental space across CO and I have my first motel under contract right now. 

Hi everyone,When I buy, let's say, a land of 1000 dollars, how much plus do I have to pay?  

LOL) that week just flew by, too busy trying to buy gifts for this Christmas party at my friends house, and too many last min change of plans...

Must have a smoke detector in bedroom.If you're not on town sewer is the septic design capable of handling the "extra" bedroom? 

Hello,Anyone who invests in Jacksonville Florida have experience with buying SFH's in the area that were built in the 1940's and 1950's? 

Hi there, I don't know that you really need to do that, just apply the extra as principle when your monthly payment is due.