Deal H.
Out of state Holding Companies
Is it legal to have a holding company in one state owning subsidiary companies in other states? Both entities ( holding and subsidiary) are LLCs.
Donald Brinkley
DBA vs new LLC Question
I currently have an LLC which I used to rent a property for a couple of years that I sold last year. I have additional properties that I want to place in an LLC this year, however, the LLC name was extremely specific...
Helen Kirk
No HOA, need advice on parking lot
I bought a townhome that has no HOA. There was one in the past, but it was dissolved. All the townhomes in this neighborhood have staggered roof lines, so I had no problem replacing the roof. My problem is that the...
Orion McCabe-Gould
Selling duplex in LLC to a 1031 exchange
Hello I have a question that someone might be able to answer or send me to someone who could. My question is if 2 people equally own a duplex in an LLC and are looking to sell it can one person cash out and pay taxes ...
Carl Millsap
Need A Legal Work Around To Close A Deal
We have a contract on a property. The owner has the property in an LLC that has been dissolved by the State because they haven't filed annual reports or taxes since they set-up the LLC.The owner filed to have the LLC ...
Joe Spence
What is this stuff
I just purchased my first deal!! The wood floors at the top of the steps have this black "protector" on top. Has anyone seen this? And how did you get it off?
Justin Elliott
Cincinnati and Dayton Multifamily
Hello BP. I’m an investor in Minneapolis but I’ve uncovered a few 30+ unit multi families in Cincinnati and I have interest in Dayton. I’d love to chat with BP members locally about the market. I used to live there b...
Charlie Lee
Can I 1099c a tenant from years ago?
Hello all, long time reader and first time poster. Back in early 2018 I bought my first rental property and the seller wanted to stay on as a tenant. The rent was about $3K per month. He signed a one year lease and pa...
Brendon DeSimone
LLC bank account for proceeds
I buy each house I buy/renovate/sell in a different LLC, solely for the purpose of the investment. When I close, I have to open up a new business bank account, just to deposit the money, only to close the account week...
Rashad S.
Does Anyone Have A Sample Operating Agreement I Can Copy From?
I'm in the process of trying to flip a house and my lender is requiring me to purchase the house using an LLC and I need to provide an Operating Agreement ASAP. There's only 2 people in the LLC. Does anyone have an...