Lisa Caro
LLC for purchasing bank notes - what state?
Hi everyone! I am currently forming a NM LLC, but live in NY. Let's say I purchase (performing or non performing) bank notes from a lender in Illinois. Do I then register my LLC in Illinois? I've looked for this i...
Candace Price
If you have more than 10 rentals, put them under one LLC?
Would like to know how others are structuring their rentals?If you have more than 10+ residential properties, how do you structure it? Put them all in one llc? Wouldn’t that be a liability though? Would love to hear f...
Calvin Schmeling
How would I structure my llc?
I have a good understanding of having each llc under a holding llc. But I plan on doing a few deals with my cousin to start off but I don't know if I would partner with him on every deal the rest of my life. Would we ...
Jane George
Question about a Deed of Transfer
If a person (not an investor) paid off someone else's mortgage (cash) to buy a property outright, is a transfer of deed for the property all that is needed? I'm in Texas. It looks on the surface to be that easy. ...
Pete Ganze
Refinance Paperwork Nightmare
I talked to my bank about refinancing a property I have owned outright for 10 years and they want the following. I think this is a paper storm that won't do anything other than burn my time. They have all my info as t...
Josh Smith
Schedule E (Passive losses) -> 1040 (personal income)?
Hi
I recently had my 2022 taxes prepared (not yet filed) from a firm and I noticed that they took line 26 of Schedule E “Total rental real estate and royalty income or (loss)”, which is say -$5,000 (notice the minus/...
Gene Jordan
Newbie from Southern, Illinois near St. Louis, Missouri
Hi folks,My name is Gene Jordan. I do not have a background in real estate. I'm from the Greater St. Louis Metro Area and I live in Southern Illinois. I'm an Information Technology professional. I've signed up her...
Ray S.
Renting to tenant with history of bankruptcy?
I used SmartMove for a credit/background check of a tenant. They filed for bankruptcy 10 years ago, but it is still showing up on their credit report. They have a very high salary for how much they are renting for tho...
Hassan O.
Combination of an equity, a credit partner and project sponsor
I have a great deal in southern California with $300k purchase price, 60k in rehab with an arv of about $650k. Single family detached, private seller not willing to owner finance.
I want to create deal bringing tog...
Allen L.
LLC owning other LLCs bank account best practice
Hi all, I was reading a book by Rich Dad Advisor Garrett Sutton and he mentioned opening a Wyoming LLC to hold LLCs operating in other states with weaker LLC protection. I wonder if anyone have done this?
My main qu...