Mike Nelson
IRS Penalty for late file on S corp, didt file extension
So I recieved a notice today for a $1560 fine for an LLC taxed as S corp that I started beginning of this year. I didnt file the extension, as the SCORP didnt make a dime ( im an idiot). I realized after it was too ...
Andri Artayudianto
Zoning and Unrelated tenants limit per unit
Hi BP, I see a lot of duplexes and triplexes that are actually RSA-5 districts as apposed to RM districts. And many units housing unrelated persons above the legal limit of number set by the city (5-6 unrelated people...
Matthieu Oliveira
What do landlords actually do with security deposits?
Hey all, I'm wondering what you all do when given a security deposit. Do you immediately put it in an escrow account or do you just keep it in your personal account? I've heard about landlords that pocket the deposit ...
Andrew M.
TX Series LLC and Structure/Taxation
Howdy everyone, I've got a question for you tax and legal gurus. I'm getting highly differing feedback from my lawyer and CPA on the proper structure and taxation of Texas Series LLCs.
The CPA is advising that each ...
Charles Hammon
Investor Fund Structure
Hello... I'm a Professional Civil Engineer and Real Estate Broker in Southern Utah and am ready to move from consulting to managing investor funds. I'm thinking of the best way to structure a real estate investment c...
Stacy Weng
Need Advice on Philadelphia Rental Property
Hi BP,I have an interesting situation going on at a Philadelphia rental property. Long story short, my father in law purchased several rental properties in Philly years ago under my husband's name. But apparently he n...
Kalib Williams
Self Directed 401k Heloc
Is it allowed to obtain a heloc on a property owned by the LLC and the LLC is owned by a self directed 401k?
Account Closed
City suing landlord for $1.2 million for 'illegal' airBNB rentals
City apparently feeling unheard when landlord and airBNB appear to be dismissive about rental ordinances.http://nypost.com/2017/05/14/city-smacks-landlord-...Here you have landlord suing tenant for $300,000 for illega...
Joshua Dorkin
Financing Investment Deals - Important Read
On the BiggerPockets Blog, our contributor, Clint Coons - an attorney focused on asset protection - wrote an important post that anyone raising capital for their real estate investments needs to read.
Please make sur...
Erwin U.
Landlord Responsibilities on Repair
Hello, Frequent visitor to this forum to learn about landlord for the last few years and have a few rental properties in DFW area. However, this time I need some feedback from other landlord. I understand that landlor...