Mary Jay
Each LLC (entity) files its own tax return
Hi guys,Can anybody explain to me please this...Ive heard from one RE investor, who owns about 300 properties, that his accountant files a separate tax return for each LLC/trust, etc (if I understood him correctly)......
Jens Nielsen
Lawyer to create land trust in Albuquerque, NM
We have recently purchased our first 4-plex in Albuquerque, NM.Currently its in our names, but I'm looking to move it to a land trust. Does anyone know of a lawyer in Albuquerque that has experience in creating trusts...
Jason Walkowicz
Is there a difference?
What if any difference is there between a revocable living trust and a land trust?
Connor Holly
A Way to Protect Your Why
First and foremost, I am not an attorney but highly recommend that if you do own real estate (which if you are reading this you likely do) that you also speak to an estate planning attorney. Allow me to put emphasis o...
Ali Samana
Capital Gains Tax - Charitable Remainder Trust!
As investors, I am sure most of us try to minimize our tax liability and increase our profits. I do a few quick rehab flips and thus pay a big chunk of it to taxes. I wen to a seminar (I go to many and have never bo...
Daniel Miller
Dad had Living Trust, I am trustee, he died, I'm confused...
So I've already gotten one surprise in this adventure... I discovered that dad's Living Trust becomes an irrevocable trust upon his death. I've already gotten an EIN for the trust, but I'm really unclear on how I do ...
Gabriel E. Martinez
Trusts on Mortgaged Properties
Regarding Florida Real Estate:
Can a property go in a trust if it is mortgaged?
If so, who needs to be on the loan document/property title/trust? Can the trustees be people who are not on the loan or title (e.g. m...
Jerel Ehlert
Deferred Sales Trust documentation
Looking for actual documentation involved in a "deferred sales trust" transaction. I get the basic mechanics. Looks like the IRS considers it an "intentionally defective grantor trust." But I have yet to see a copy...
Paul Krause
Need EIN for new LLC owned by a Trust
After following instructions I was unsuccessful setting up an EIN for a new LLC. An Irrevocable Trust owns the LLC. I received this error message twice. Any assistance is appreciated. Thx!
Masooma K.
Buying property from irrevocable trust that might get sued later
What are the risks in buying a property from a person facing legal action who recently transfered said property to an irrevocable trust? Specifically, the person was charged this March 2023 for embezzlement of ~2MM US...