Ari Bachrach
What sort of paperwork do I need to generate for a flip
I'm signing the papers to sell my first flip in a few hours. Despite everything going wrong that could have gone wrong, we're actually going to make money on the deal. (Wooo!) The flip was done in a multi member llc t...
Jon Jacobs
How to file taxes for investment property owned through an LLC with multiple investors
Hi All -
I am purchasing an a duplex through an LLC that will have 3-4 members in it (I will be managing the property and LLC). I know the basics in terms of how this impacts taxes (flows through to personal ...
Tricia O'Brien
Transferring Old IRA funds to New Solo 401K ?
If I set up a Solo 401K now, can I transfer IRA assets from an old IRA I established 2 years ago into the new 401K? I'm referring to an old IRA that holds stock mutual fund (say a Janus Fund). Or is the Solo 401K o...
Reece Teramoto
Third party account to disperse payments to contractor?
For a particular lender that I'm working with, they are requiring me to pay rehab funds at closing so that there's a better paper trail of the funds. However, my current issue is figuring out how to disperse the funds...
Chad W.
Florida LLC owned by single member Wyoming LLC - Is this safe?
If I have a Florida LLC owned by a single member Wyoming LLC, am I protected with charging order protecting through the Wyoming LLC. In other words will I be treated as an LLC and not a sole proprietorship?Unfortunate...
Dawn Hall
Inherting a Property with a Mortgage
In the scenario where a home is unequally left to several decedents and there is a mortgage. Is the
mortgage satisfied FIRST from the net proceeds before the proceeds are distribute...
Andrew Cooper
Tax basis with quit claim from one llc to another
I wanted to transfer ownership of one property from (multi member llc) to another llc(sole llc -me owner). via quitcLaim
Would that ruin the tax basis or make me pay more in taxes? Or other consequences im not awa...
Jorge Abreu
What characteristics to look for in selecting a Syndication Team
What are some of the characteristics you look for in a syndication team before investing with them and why?
Jason Carter
1099 and K1 question
My wife and I formed an LLC with a few investors to buy a strip center. We closed in August. In the process of setting up management we have encountered a question involving our LLC and 1099s. Shouldn't management sen...
Tajanae Boone
Getting started vending machine investments
Investing in vending machines, is this a good source of income?How do I get started? Do I need a business license?And do I need contracts from big companies like Pepsi to sell their drinks? Any stories are welcome