Richard Heine
Adding person to LLC
I have some of my properties under an LLC. I would like to add a (grown) family member to the LLC using an amendment. I can add in other amendments about ownership percentage and survivorship but my question is do I n...
Account Closed
Texas agents I need some input
My agent has put a contract together for me to sign so that we can submit to the listing agent who is also the owner of the subject property in which I plan on purchasing. He sent me the contract to sign but he also s...
Elizabeth Lagattolla
Triple Net Lease Renewal - Questions
Hi - I have a commercial building that I'm leasing (triple net lease) that is due to come up for renewal after (5) years. Since this is my first commercial investment five years ago, the original lease/negotiation of...
Nadav Ben Horin
Changing LLC name in the IRS
Hi,I opened an LLC several months ago, but misspelled the name when i opened it.When i wanted to start doing business with this LLC, i realized that the LLC was registered with the wrong name in the city, state and IR...
Nic S.
Delayed Cost Seg study
For the record, I am consulting with my CPA currently who is doing the due diligence on this topic. I purchased and placed a long term duplex in service in 2020. Does anybody know the rules on completing a cost segre...
Andy Cross
Getting Around "No Assignability" C.A.R. Purchase Agreement
Hello everyone,No offense to Realtors on BP, but I've got to ask this question of my investors in California.In CA, the California Association of Realtors Purchase Agreement has a "no assignability" clause in the cont...
Stanley Crawford
I didn't know I HAD to take depreciation
I would like to blame Turbotax for this mess but I know it my fault. First let me explain how I got in this mess and hopefully someone has some good advice on getting out of it. I started buying buy and hold rentals ...
J Scott
If you live in Texas...
...beware that the government may be watching you from above pretty soon:
http://www.youtube.com/watch?v=kS5vm149vGc
While perhaps there are some good uses for this technology, it seems like it could also be an oppo...
Steven Norris
Colorado Senate Bill 173
Just received this update from the Colorado Association of Realtors and hopefully it is useful information. And if anyone else has any additional information regarding the bill or its impact I would love to learn more...
David Green
Chicago Condo Association (HOA) - rental regulations
Does anyone know if a condo association (6 unit building) can pass rental restrictions that prevent you from renting? I think my association is trying to pass a rule so I can no longer rent out my unit (I am currently...