Account Closed
Civil Case on Tenant & She Files Bankruptcy
Hi - I have a civil case going against a tenant and the tenant recently announced she was claiming bankruptcy. I was days away from a default judgment because she never responded. Now there is a stay noted on the case...
John Buchanan
Creating a LP for multiple investors. Filings required?
I've been asked if I'd be interested in setting up a small LP/LLC so other real estate investors could pool money together and invest together in a couple rental properties. I've looked into what would be required and...
Paul Ballew
New meaning for ARV from The X-Files
For X-Files fans, in the new series, Fox gives new meaning to ARV: Alien Replica Vehicle.Thought some of you would enjoy the humor. :)Paul
Morgan Shell
Probate filed over 12years after owner passed away
I found a property lead that I thought could be a great deal. Home is paid off with no mortgage.I did some research and saw the owner passed away in 2002 and has back taxes since 2008 owes about $20,000The property wa...
Erick Sembrano
Flood Insurance - Anyone successful filing for Map Amendment?
We have a multifamily property that is in a designated A14 for flood zone and as such in a higher risk of flooding needing a flood insurance. We did not get a certificate of elevation via land survey before we bought ...
Erick Sembrano
Flood Insurance - Anyone successful filing for Map Amendment?
FYI: Will repost this in the Property Insurance Category since I did not get any comments when this was posted in my local area. We have a multifamily property that is in a designated A14 for flood zone and as such in...
Shane Brooks
Quit Claim Deed - Filing Now vs During Refinance
I have a few properties that, for various reasons, have family members on the title of the property but not on the loan. They do not have ownership, loan obligations, or day to day responsibilities and I am currently ...
Marion Rountree
LLC: Which city to file for business license
I used Incfile.com to file my LLC. They used an address in a different city when they filed my LLC. All mail and correspondence will be going to this address and forwarded via email and if necessary, physical pieces ...
Mary Jay
Each LLC (entity) files its own tax return
Hi guys,Can anybody explain to me please this...Ive heard from one RE investor, who owns about 300 properties, that his accountant files a separate tax return for each LLC/trust, etc (if I understood him correctly)......
Sandeep Reddy
File taxes with Rental losses - How to deduct
Tax Question -
My Rental Expenses ( Repairs and maintenance + Depreciation) is greater than the annual rental Income. And I understood since its passive income, the remaining losses will not apply to my W2 wages. Wi...