Jochy Perez
Mechanic's lien fraudulently filed
Hello, I was working with a contractor to do some painting and didn't like the work and decided to let them go. This involves 2 properties. The 1st floor was painted at both places and 2nd floor remained to be done. T...
Thomas L.
Taxation of Loss on Flip House by an LLC
I'm try to understand the tax treatment of a loss on a flip residence, but haven't mastered how to search BP for this particular issue yet. I'm a newbie at posting a question, so apologies if it is not in the correc...
Jeremy Watson
My Partners and I Own 30 Doors. All LTR / Buy & Hold. AMA.
My Partners and I own 30 Doors. A mix of 2 / 3 / 4 /and 5 Unit Complexes. We buy with the properties currently cash flowing (although not necessary in our area (NEPA) and we can fill vacancies rather quickly (even P...
Gemika Steele
Lien discovery when selling home
My husband and I are trying to sell our home. We bought our home back in 1995 and refinanced in 1998. During the title search, it was discovered that the 2nd mortgage we had did not record and satisfy that the loan wa...
Matt Walden
S-Corp Conversion to LLC Help
When I first started out about 15 years ago my business partner put two properties into an S Corp. The two properties are owned outright no debt. My question is how can I convert this into an LLC? I realize now it ne...
Kristen Reid
How to Disband HOA in PA?
I have my primary home in PA, and our house is apart of a very small (7 houses) HOA. We are looking to sell our primary house but I’m finding issues with the HOA. It is currently ran by 2 resident who (nicely put) don...
Mikel Graham
Illinois Land Trust
I'm looking to do my first wholesale deal and planning on using a Land Trust to seal the deal. I THINK I'm pretty clear on how to create the trust.
My question is though, once the trust is created and the property i...
Bryan Lutz
LLC partnership single flip only
What is best practice? After closing on a flip, do you close the LLC or keep it open for the next opportunity? Even it were a partnership LLC?
Aaron Vergason
Tax Filing LLC/ S Corp in NY
I recently moved from NY to NC. I have a LLC. that files taxes as an S Corp. Will I need to file a personal tax return in NY for the pass through LLC income (or loss). Or can that be placed on my North Carolina Tax D...
Edward Condon
Respectful Inquiry to the Admins
Dear Admins, Forgive me if this has been asked & answered previously. Might you consider bifurcating this forum into distinct forums, one for Tax Liens and the other for Mortgage Notes? It seems to me that thes...