Hi everyone!I'm wondering if a Non-Activity Report is necessary for an Iowa real estate LLC that was formed but that never conducted any business for that year because the deal for which the entity was formed fell thr...
I am considering a 1031 exchange of two duplexes - owned in a partnership LLC by my husband and myself (in Kentucky) - into a single small multi-family investment property in Georgia. The Partnership files its own tax...
Hi Everyone,I've been battling a 2 year divorce and finally wrapping up. I'm originally from California but I'm looking to move to Houston. I am thinking of either getting a single family home or a duplex and paying i...
Hi All,As a preface, I do not own the company or property described below. I am simply interested in the business name and the current owners are cooperative to give it to me but I have to do all the work.The situatio...
I just received an offering memorandum for a 24 unit. It is a condo complex. They list the annual assessment as a monthly expense. Will buying a condo complex work just like buying a regular multi unit complex? Ho...
I am transferring title of a property from my LLC to my personal name for a cash out refi. The title company says that this is considered taxable in Maryland (as if it were a sale) and suggested I instead dissolve my ...
Hello there! I'm new to the community. I was told this was a great place for this kind of question.
Context:
I have been a very successful handyman for 2 years, with a prior business degree & past history of run...
I created a company a few months back but I haven’t made any deposits in it (doesn’t even have a bank account). I realize now I want it in my wife’s name. Is it cheaper to dissolve the company and re-create another on...
Hi BP! As I’m going through the process of purchasing a multi +5 units under an LLC and obtaining a mortgage, according to lender building qualifies for mortgage not myself and a personal guarantee would be needed. Wo...
Dad died in 2014. He owned 52 acres of agricultural land, about an acre of commercial land, and a few other lots. 6 different deeds. All in the names of an LLC with him as owner. The LLC was dissolved before he died. ...