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My husband and I have rental properties titled in a single member LLC owned by my husband. These properties were exchange properties from a 1031 transaction several years ago. For estate planning purposes, we want to ...
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Many follow the Entrepreneurial Operating System from the book Traction.
One of our core values as a company is to be "enthusiastic about doing the right thing."There are many opportunities throughout each day to mak...
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In this scenario, lets assume the mortgagee and mortgagor are both in agreement and would like to terminate the existing mortgage agreement (rather than pursue foreclosure). Is this even a feasible solution? I could n...
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I have two properties in an LLC with a partner. I am looking for options to get out of this situation. We have mortgages on both properties.
I would be ok with splitting the properties, is there a way to split an LLC...
Question about 1065 alert asking to report dispose of property since 2017 1065 reporting will be the final. We are a dissolving residential rental LLC.Background:I have 2-partner (50% - 50%) LLC for a rental property...
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I have been hired as a GC to take over the day to day construction, marketing, and sales for a subdivision of new construction duplex's. In short I am 99% in charge of everything. Unfortunately the subdivision is a...
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Hi there experts. Hoping to get guidance and info on a new partnership. I am going to be the financing arm of a new build and sell business. My partner will be general contracting at no cost, although he will be payin...
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Hey BP crowd, I've always been a reader but this is my first post. I'm always in awe of the cumulative experience and intelligence found on this site, so thanks in advance for thoughts and input!Quick background: I'm...
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I am going on a joint venture 50/50. We want to start an S corp and LLC . We will eventually branch of. Please explain to me exactly how that works. If we create an S corp would we then individually create our own LL...
Hello. I am looking to make my first offer and it is a complex situation on the seller's end (POA is selling the house) and their agent is fairly new to the business. I do have an agent helping me with the purchase a...