Larry Bowers
Does a foreclosure wipe out a lease for inherited tenants?
I've recently foreclosed on a property in MO as the lender. The inherited tenant and I are butting heads about me enforcing the existing lease and for now we're not communicating. The lease is poorly written, and with...
La T.
Business liability coverage for an LLC
Hello,Can someone share information on Business liability coverage for an LLC created to hold investment properties?Does the insurance need a 'person' on the policy or can the policy be in the name of the LLC?Is there...
Account Closed
Eligibility/ Clarification 199A and Self Directed 401k
Me and my partner set up an LLC in CA (taxed as a partnership) in 2019. We are the only individuals in the company and performed over 1000hrs each this year and will continually maintain those hours developing our lar...
Philip Pape
Start a Homeowners Association (HOA) for subdivision in CT
We're under contract for a multi-lot approved subdivision here in Connecticut (CT) that we will build out as new construction (spec).The land has been carved out for a road, but there is no road in place yet.The first...
Gabe N.
Tenant Compliance and enforcement during tenancy.
HiI am sorry for asking this topic if it has been covered already.I have an asset that is a single family home in an upper scale neighborhood.The current tenants are a family of 4.
In my lease agreement I have ...
Jason Malabute
CALCULATE INCOME GROWTH OF MARKET
How do you correctly calculate the income growth of a market over 10 years? a) add the percentage change of the personal income for last 10 years divided by 10b) (2016 personal income- 2006 personal income)/ 2006 per...
Andreas W.
HVAC maintenance question
I have a SFR with a packaged heat pump unit. The HVAC company I called for an annual maintenance visit said there is nothing to maintain. Package units are pretty much "sealed" units. So my question for HVAC experienc...
Lisa Caro
LLC for purchasing bank notes - what state?
Hi everyone! I am currently forming a NM LLC, but live in NY. Let's say I purchase (performing or non performing) bank notes from a lender in Illinois. Do I then register my LLC in Illinois? I've looked for this i...
Ben Parks
Which entity and why?
I am trying to set up my investor company. My plan is to buy off market deals, either rehab and rent, or flip. I was set on an LLC. But after more reading, some have suggested an S-Corp for flipping and then individua...
Dustan Marshall
Best entity for a single memeber
Question for those of you that specialize in real estate law. I have been looking into legal protection. I have a few rental properties and a large umbrella. But I want to do more. So I have been looking into an LL...