Matt Quock
Series LLC as a Holding Company
Hi all,I am hoping to get some clarification on how you can structure a Series LLC as a holding company that owns traditional LLCs within it. I understand a Series LLC provides the option for multiples "cells" that ea...
Brian OShea
Should I Approve to Reject This Applicant?
I have a tenant with first, last and security deposit on hand and is willing to get her mother to sign a notarized statement that she provides for her daughter and helps with her bills that is the good news the bad ne...
Brian Oberg
Series LLC: Pros / Cons and where to do it?
We currently own 3 investment properties, 2 in TX and 1 in KY. We live in KY, but are TX residents (I'm on Active Duty for the Army) and will be remaining in KY after I retire in a few years, in which we will become ...
Rick Ortiz
Capital Gains on unused previous Primary Residence
My wifes primary residence previous to marriage (7 years ago) has sat vacant. She wants to sell it but was curious of the taxable impact. I am aware of the exclusion for primary residences however since this was wa...
Leon Lee
Questions on prospects for tenants
Dear BPersI have a condo that is on the market. The rent is $2000/month. I received three applications after the open house and now have a question on choosing the best tenant. Any help will be greatly appreciated.Amo...
Ari Archer
Buying a property with a sex offender tenant
Hi–I'm in contract on 4plex in northern California. After checking the Megan's Law website, I found that one of the tenants is a registered sex offender. Their offense was in 1994 and they have been in the property, a...
Mark Schumacher
Passing Real Estate To Your Kids - How to Structure
My parents (aged 81 and 89) have 3 rental properties that now have sizable equity of approximately 1.5 million. While the equity gain is nice these properties have low cash flow. They'd like to move these assets into ...
Timothy Joseph
Big decision ahead, the name....
It's time to start a new LLC for my rental properties. I'm trying to come up with something funny, maybe a big pun. So far I have come up with pretty stupid stuff. My favorite so far is.....Wait for it....El El S...
Eric Robert
Tenant has a job as a BABY SITTER in the Rental Unit
I have a WONDERFUL Tenant who has been with me for years in a Duplex in Los Angeles County. Rent is always on time and I have zero problems with her. I hope she stays for as long as I have the rental unit.Recently, I ...
Account Closed
Parents use 1031 for a new property, but the child pays the new mortgage
Hello, I just wanted to check on the possibility of this. My parents have an investment home in Washington state that they want to sell. They want to use 1031 to buy a property in California where we currently reside....