Janelle Niles
Question(s) re. "Subject-to" purchasing of homes
Hello: I've read that one risk of buying properties "subject-to" is that the seller/mortgage holder may file for bankruptcy, and the home can then be foreclosed upon. However, if the buyer is paying the mortgag...
Account Closed
Should I file for bankruptcy?
A couple disclaimers before I start:If you look through my profile and previous posts, you'll see that I am young (just turned 22), and also may believe I don't have the right mindset or maturity yet to start REI. Thi...
Arlen Chou
How do you, tax efficently, move money between your REI entities?
Hello All,I am still a relatively new buy/hold investor, but over the past 2 years I have put together a small portfolio of 13 doors. Although I am fairly comfortable with the mechanics of buy/hold, I am still trying...
Andrew Postell
Yay! Tax Season! What you need to know on claiming deductions!
It’s tax season! Yay! Can we detect sarcasm when it’s typed out? Since April is fast approaching that means many of us will need to file our Federal Tax Returns. Even if you are filing an extension I have tried to...
Eric Struben
Should I Start and LLC Before Buying and Investment Property
I am new to real estate investing and would like to buy and hold rentals. I am wondering if it is best to set up and LLC, get a business accounts and business credit cards before actually buying a property? I want to ...
Amy E.
LLC Taxes - Education
When doing my own personal taxes, I filed the first few years on my own without any software (this was before my life got busy). It was a great way to learn how to do my taxes and most of my issues were adequately ex...
Jackie P.
Quickbooks Pro Setup
OK gurus. I have searched the forums, but haven't found answers I feel comfortable with.
On the recommendation of my CPA, I have decided to go from Quicken to Quickbooks for my real estate activity. She is willing ...
Abraham Kaplan
Small claims court in Dallas TX
I am looking to sue a contractor in small claims court in Dallas TX. I paid him 50% of the rehab budget up front. That was $25,000. All he did was the demo and bought some of the supplies. I've never sued anyone befor...
Brendan August
W-9 for General Partnership or Owners in Common?
My partners and I were just given a W-9 by the organization that pays our tenants rent. We have a DBA and an EIN however we have not officially formed the Partnership and filed paperwork with the state (Maryland). We ...
Bob Chapin
Do banks lose track of mortgages?
I came across a property that has been foreclosed on twice by the HOA. The bank filed a LP years ago, but no further action regarding a foreclosure has ever followed. The intermediate owner held the deed for about 4...