Samantha M.
HUD Listing Period Question
Investors can only bid on properties once a property has moved to the extended period listing. Below is an example from HUD homestore to make sure I have a good understanding of how this works.
1. Example property...
Roshan Taheri
How does the new tax bill affect LLC owned real estate?
I saw the new tax bill passed in December, and there is a change that pass-through entities (LLCs for example) will get a 20% tax deduction. Did I read into this correctly? Are any CPAs out there who could shed some l...
Vlad Denisov
Is it even possible to predict a crisis?
There are so many oracles out there but is it really possible for one to know for sure such a thing? What is the best probability with which investor can predict crisis in given month? quarter? year?What are the indic...
Brian H.
Question about filing for me EIN.
Hey folks!So I have my LLC formed. Most Hard Money lenders wouldn't even consider me without it. Ok, so that is done. Now I need to get my EIN, correct? In the form SS-4 I select that I am a one member LLC. On the...
Paige Harrison
STR structure and insurance
I am looking for some advice on how to best structure this STR agreement. My friend and I would like to purchase a vacation home, and it is already a successful STR so we would like to keep that up to offset the expen...
Nur Al Sharif
Leasing to an Owned C-Corp which then leases to third party?
Hi all, I came across an article detailing why a C-Corp should never own property, but should opt to lease it instead. (https://www.thetaxadviser.com/issues/2018/sep/leas...) This led me to think of a scenario. Not s...
Brandon Paul
Selling: escrow withhold taxing? required?
To my knowledge escrow does not need or required to with hold taxes on the gains of a flip.
Does escrow with hold the taxes on the gains?
Sean Peters
Changing name on Retail Lease with Personal Guarantor
Good morning All,I recently rented out a retail unit of mine in Calfironia and the original lease had the personal name of the tenant, as they were initially going to do business as a sole proprietorship. However, no...
Rajeev Agnihotri
LLC or Umbrella Policy?
I have 3 Properties in NV held in an LLC. In addition, I have 3 Properties in CA - & I am planning to move them to an LLC as well.
I have been advised to get an Umbrella Policy in order to protect my asse...
Thomas Breedlove
Should I elect my LLC to be taxed as a corporation?
HI Bigger pockets I'm a newbie here and just starting out. I'm currently try to form an LLC and am going through process now and should I elect to be taxed as an LLC or Corporation? All we will really be doing is the ...