Randall E Collins
Who is the beneficiary and/or owner of an escrow account?
I have an odd question, hopefully some one knows the answer. Purchase and Sale agreement, buyer is to pay all closing cost. No title company, no attorney, no realtor. The buyer placed the earnest deposit into an overs...
Daniel E.
What happens to mistakenly unreleased liens in foreclosure?
Scenario:First position lien from 1998 is unreleased per county records.Property has been sold 4 times (and those owners received and released mortgages) since this time.Most recent mortgage has a title policy showing...
Daniel M.
Seeking Advice on Handling Mortgage Payments for LLC-Owned Property
Hi BiggerPockets Community,
I'm having trouble managing mortgage payments for my rental duplex property and could use some advice from those who have dealt with similar situations.
Background:
The mortgage for our ...
Brody Nelson
Property not in LLC name
I recently bought my first rental property with a business partner. We did a conventional 30yr fixed rate loan. The loan was placed into our personal names and not our LLC. We are looking to to transfer it into the...
Ari Siesser
Best Commercial Online Rent Payment Platforms
Looking for recommendations for an online rent payment/collection platform. Right now all of my tenants are paying by check. We have less than 20 tenants (all NNN) so I don't really think I need to switch from Quickbo...
James A.
Setting up Solo 401K
My question is two parts. 1. Anyone who has a solo 401K can you recommend some good companies? 2. Has anyone successfully set up a solo 401K while still have your employers 401K, Thank you for any responses!
Mike Carroll
Cash-out refi/Home Equity Loan
I recently built a vacation home for short term rental purposes in Bethany Beach, Delaware. I also built an in-law suite for my wife and I so we could house hack the property. After 2 extremely successful seasons, we ...
Kevin Kendall
Scedule E, Scedule C or 1065 partnership
My wife a I are buying our first rental property and I am trying to figure out how to file our taxes. We will transfer the property to an llc. We live an the property is in co which is a marital property state and the...
Steve S.
Tax question on rental income
I'm trying to get a better understanding of how much of my rental profit I may be able to keep. If my AGI is $150,000 and my rental profit is $24,000 for the year, after paying the PITI and expenses, in a rough estim...
Huy Le
Should I Create a Corporate for Rental Units
I have 2 rental units with the cash flow of 36k a year. I am thinking to add some more rental unit. My question is, should I keep it as a schedule C on my tax report or create a legel business such as Corp. or LLC ? A...