Tim Matthews
Should Single-member LLC be Manager or Member Managed?
For a single member LLC that has real estate and that is owned by a Nevada Holding Company LLC, should the real estate LLC be member or manager managed? What are the advantages and drawbacks of each managing type with...
Amy Konopka
CA Entity Change C-Corp to LLC--Entity number not compatible with CPA software!
**WARNING** Do not try to read this Post unless you're truly a Tax Nerd In April 2022 the SOS/FTB --someone in CA Taxland changed HOW Entity numbers are assigned during a conversion. The FTB is not recognizing Secreta...
Ryan York
Tax Delinquency and Assesor's Records Question
Hello all,To start, I live in Michigan where your property is forfeited to the county after 2 years of delinquency. I've been analyzing some tax delinquency lists and I've found several properties that have delinquenc...
Connor Heim
Do I need to register my Texas LLC in FL for new investment prop?
The title says it all. I have a new Texas LLC that I've started that will be the owner of my real estate portfolio.I'm under contract to buy a condo in Sarasota, and will assign the contract to the LLC at closing. T...
Stephen Shelton
Questions I'm going to ask my CPA about my rental business
I own 3 SFR rentals and would like to continue growing. Currently they are not setup under a business entity, but I think it's time to get this done before buying Property #4. After completing Property #2, my CPA sai...
KATE HARDY
⁹Rental properties Tax Nightmare
So I had to switch tax pros this year, my last one passed away a couple of years ago and I mistakenly let things sit on the back burner too long. I've never had any issues with my taxes before. (Now I have a couple of...
Andy A.
1031 exchange, new LLC, am I a disregarded entity, community prop
Looking for some advice from Tax experts, like @Steven Hamilton II.Sold an investment property in California. Opened a 1031 exchange. In escrow to purchase a replacement property (8-unit) in Nevada. Recently opened a ...
Matthew B.
Bank keeps trying to change my locks and cut my grass!
I'm sure some of you have experienced this issue before. It's very irritating and I thought I'd post about it.I'm working on a flip, which you can see HERE. The property was purchased at a foreclosure auction at the c...
Jonathan Taylor Smith
Insurance - To file a claim or NOT to file a claim?
One of my rental properties suffered water damage and I'm wondering if I should file an insurance claim or just eat it...? I've never filed an insurance claim on a rental property, so I do not know what impact filing ...
Daniel Miller
Questions about trust conversion (on death of trustor)
I am beneficiary on my father's living trust. We are in California.He just passed away today, so I'm beginning the process of transferring assets from his trust to my accounts (which is what the trust says I should d...