Hi, I have a general tax/llc related question.Does a holding/parent company (LLC) need an EIN and have to file taxes if the subsidiary/operating company will file for it's own taxes?I am inheriting/buying a family bus...
Hi everyone, I was reading online about professional renters. Some of them would claim the rental is uninhabitable. When a tenant makes a claim that the property is unfit to live in, landlords must refile with proof o...
Do your tenants respond better to an open CALL/TEXT relationship? Or a FORMAL LETTER relationship!?! Answer!!!
Hi everyone,I'm a US citizen living in Germany (with local residency). I'm looking at buying an investment property and need to decide whether to do it as a US or German company. Does anyone have insight into the pros...
I bought a building personally that is being used in our partnership. The building is used for softball batting practice, lessons, camps, etc. I understand the basis rules for depreciation (lower of cost or market)....
Do private money lenders and hard money lenders fund owner occupied properties ?
Hi there,We put an occupant clause in our rental lease for a 2 bedroom unit in New Mexico and our tenant has asked why this information is needed? I have not responded yet but I wanted to tell her that we have the rig...
I’m new to the investment game and I would like to start out with a residential FHA loan to put little down on a plex, but I would like to establish an llc within the following year for tax benefits and liability purp...
Hello BP Nation, I have a situation. I was trying to create a LLC and was told by a Legal Shield Lawyer that I am not able to create a LLC in Real Estate Investing if I don't have a license. Is the true? I live in...
1) Can anyone please help me determine what is normally a landlord's responsibility in terms of maintenance of a rental property?
2) And what are the items that should be repaired by the tenant through regular wear-a...