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31 May 2024 | 3 replies
But what you're trying to do is get your new property under contract and then give yourself as much time as possible to get your SFs sold before you have to take title to the MF.Lastly, if you absolutely have to take title to the MF before all of your Sfs have sold you could pursue a reverse exchange where we form an entity that takes title to the MF and holds it until all of the Sfs have sold.
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31 May 2024 | 3 replies
(e) Unaccepted, recorded, irrevocable offers of dedication of the property to the public or a public entity for a public purpose, and recorded options of any taxing agency to purchase the property or any interest therein for a public purpose.
31 May 2024 | 8 replies
Will the LLc need to be converted to a partnership and corporation as a separate entity?
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31 May 2024 | 37 replies
What is strange is I found a review of another entity of theirs where someone said they just kept ghosting and then eventually places some sort of strange lien on the property.
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29 May 2024 | 5 replies
The problem is that LLC might be woethless if you don't learn the law reagrding entities and what it takes to run them properly.
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29 May 2024 | 2 replies
If the trust is what is called a "disregarded entity" (meaning it does not have it's own TIN and does not file a tax return) then the activity of that property is reported on your personal tax return.
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29 May 2024 | 2 replies
@Logan Kannes, if that LLC is also taxed as a sole proprietor then it is what is called a "disregarded entity".
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29 May 2024 | 4 replies
In other words, rentals generally don't go into entities that are or might be taxed as an S Corp.
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29 May 2024 | 2 replies
No the fact that the title to the property will be in an entity instead of a personal name does not erase the debt from your credit, and a lender will still factor in the mortgage payment towards your DTI.
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29 May 2024 | 5 replies
So are you saying that a contract cant be assigned form another entity that I owned to the IRA LLC?