I recently purchased a property in my personal name and my plan is to transfer it to an LLC. My existing insurance company told me if I transfer the property to an LLC, then I will need to get a commercial insurance p...
Am I better off purchasing properties under my own name? Or go ahead and do them under an LLC? At what point is it worth the investment both for security purposes and tax purposes
Yesterday was the closing day on my first property (in Huntsville, AL). I wired the cash to close from my bank (USAA) to the account that the closing attorneys provided. The attorney's assistant said she was a littl...
Hey there !! I am looking to transfer my 401K to a self directed checkbook IRA to use for real estate investment. But, I am not sure if it should be a Roth IRA or a traditional IRA as both are offered to me. I am ...
This issue gets mentioned a lot on this site.Here is the "standard" DOS clause :------18. Transfer of the Property or a Beneficial Interest in Borrower. As used in this Section 18, “Interest in the Property” means a...
I transferred property from one of my companies to another --how do I report on my taxes?
When a tenant wires you funds through paypal or etc, can they get their money back and scam you?
I had a quick question regarding security deposits. I live in CA but my properties are in TX and I heard that you can't co-migle your tenants deposits. With that expressed can I simply have a separate acount within my...
Hi friends, I’m having a lot of difficulty finding a solid answer on this....I purchased a property with month to month tenants who have been living in the property for about 5 years. Over those five years they’ve had...
I've tried researching this a bit but haven't quite been satisfied with what I have found, so I apologize in advance if this has been answered and I just missed it or didn't understand it correctly.
Few questions -...