Rabih El-Khoury
Adding Members to an LLC: Tax & Legal Impact
Hi. If you'd to care to contribute, I'd much appreciate it. The following is an actual scenario: Partners A, B, and C create an LLC. Each partner has, say 2,000 shares. Total LLC shares = 6,000. The LLC buys a propert...
Todd Magin
Out of State Series LLC, Legal And Tax Implications
Apparently the formation of Series LLC's are only "allowed" in a few states. I live (and will invest in) Maryland, which does not allow the formation of Series LLCs. Is using a Series LLC as simple as forming it in a...
Henry P.
Not sure which type of legal professional to see...
I am visiting the US, specifically Pennsylvania, in April and would like to start meeting people to move forward on being in a position to invest in rental properties.I need advice on which type of lawyer/attorney to ...
Anthony J Cappetto
Legal question about using a POF "template bank statement"
Hello,My fiancée and I have been researching and learning the business of house flipping/rehabbing since Sep 2021. We heard of a program which uses other people's money OPM (I will keep nameless and call Program A) an...
Bruce Michaud
legal description change from single family to 4-plex
Hello all,
Please move this post if I created in the wrong forum.
So I just closed on a 4 plex ( my first rental ) and the legal documents state it is a single family home.
Anyone have any idea what I would be steppin...
Dominic Watler
Legal action? Underrated Septic System not disclosed by seller.
Due diligence is ringing in my ears right now.
I purchased a 2300 sqft, 6 bed room,, 4 unit multi family on the MLS in June of last year and have just completed a beautiful full rehab.
Only now to find out ...
Rhandell Mitchell
Are the legalities is Wholesaling more strict in Ohio?
I’m a new investor from Columbus, Ohio and I’ve seen several places where people have brought in question the legalities of Wholesaling here in Ohio.From my understanding it pertains mainly to assignment of contract. ...
Claire D.
How to verify ADU in Saint Petersburg is legal
Hi BP community. I’m currently seeking a property to house hack in St Pete and one thing that is unclear to me is how to verify if a property that has an existing mother in law / ADU is legal and up to code. I ran int...
David Van Singel
Looking to build network of tax and legal professionals
Unfortunately, I feel like I am vastly lacking in my connections in these areas. I would love to connect to not only expand my knowledge but also help present and future clients if any questions may arise.
Tom Martin
Old Duplex, can I legally exclude people (kids, etc)
I have an old house converted to duplex. 1 unit up, 1 down.The house has no insulation, so if you fart in bed, the other tenant will hear it.I currently have a situation where a new downstairs tenant has a young autis...