Leslie Hsia
Questions on Foreign LLC's
Hey all! New investor here. I have some questions regarding LLC's.
My basic understanding is that LLC's are good because they can separate your businesses expenses, and they keep your personal assets safe in the even...
Mary Joe
FLORIDA out of state investor need to file Florida return?
Hello, Florida is NOT my home state, I have a rental property in FL, do I need to file FL state return? Turbox Tax prompts me to start a FLORIDA return but I am not sure if this is really necessary for out of state...
Shane Baganz
Probate
Hi all, long time reader, first time post. I could use help on probate. I have not found a list service that will pull probate in Wisconsin. I have contacted all mentioned in the forums. Probate in the legal proce...
Mark Sedarous
FIRPTA Confusion as a Buyer
Hello community experts, I am looking at purchasing a condo in which the sellers title is under an LLP registered in Arizona with both the partners being Canadian residents. I am not using a buyers agent and everyth...
Randy Gross
Advise with title issues
i found a great deal and i don't want to lose it. upon having a title search done here are the issues:
2008 bank files for foreclose
2011 owner later files for bk (has 2 homes only included 1 home and n...
Nicole R.
Defendants Filing Bankruptcy to Stall Sheriff Sale Confirmation
Hello BP Members,I recently bid on and "won" a property at an auction that occurred this past early March. Prior to bidding, I did my due diligence and felt comfortable bidding (i.e. ensuring it was a 1st mortgage, t...
Lauren Kail
Started LLC out of state, reconsidering that decision, now what?
I started a single member LLC in Utah upon recommendation very early in my real estate journey, probably sooner than I should have. I'm finally going to be "doing business" and purchasing a property to hold this year ...
Juan Pablo Murillo
Benefits of Not Forming an LLC
Hello BPers,This past 2018 I purchased two rental properties under my name. The earnings are under an LLC after filing a quitclaim deed. I'm curious if there are any tax benefits of not renting your properties under a...
Jessica Seppo
Schedule E: Married file jointly
Hi All!Question about LLC’s taxes. My husband and I have a Single member LLC in MI which is not a community property state. We file jointly and are both listed on the Schedule E for our properties. Is this the best wa...
Adam Mathews
Average cost for REI CPA/Tax Accountant?
We have 27 properties all under their own LLC's (each LLC has between 2 and 4 members) plus a couple other misc. entities (totaling ~33) and recently our accountant of 40 years retired. We have been searching for some...