Hello BP forum, I've been doing a bit of research and keep running into obstacles. Here's my scenario:My retired parents (who live in another state) would like me to take over their mortgage. Ideally the want to give ...
Here's an article I wrote: Series Limited Liability Company (LLC)
Angela Walter, Texas Attorney - If free to message me if you have any legal questions!What is a series LLC?
Historically, members had to file, manage...
What is a series LLC?
Historically, members had to file, manage, record, and report each LLC separately which meant more paperwork, more cataloging, more expense, and more reporting. That process created more unnec...
Hey all!
I've just started getting back into real estate (attempted wholesaling years ago and had no success and then life got in the way).
With that said, my uncle very sadly passed away about a month ago. He was a...
I have a couple money partners and I have set up the following structure. Hoping for some feedback and suggestions on improving this or what other people have done for structuring the deals.(1) Set up a parent LLC whi...
FYI: I'm still out hunting for a good CPA, but I wanted to know something. A portion of my down payment for my MF rental came from private money. Can I deduct the cost of interest that I am paying towards that priva...
I was talking to my mother earlier of plans to eventually be a full time real estate investor, with a focus on rental properties. She said she'd rent one and I immediately thought, "don't mix family and business." T...
We just moved to take care of my elderly parents. We now have our old home for a rental. Currently my nephew is living in it, and it's not ready for "real" renters yet. But, I am finding I have such an emotional attac...
Any advice? Yay? Nay? Thoughts?
Hello! Thanks for taking the time to read this. Here it goes.About 3 years ago, my husband and I (along with our kids and dog) moved into my parents home. My parents rent and the landlord was well aware that my family...