I hold each of my properties in its own LLC and have been paying my CPA $650 per entity to file returns every year. Someone mentioned it's possible to create "an LLC holding company" that holds all the other LLC's and...
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...
I'm starting to shop for multifamily properties in the Phoenix area for my 1st purchase. I'm trying to figure out how to handle paying the bills etc.
I don't want to mix my personal finances with my investments. I ...
I found a house that an heir is really motivated to sell, but is in probate. I think I've heard that houses often can get sold before the probate is over. How do I go about this deal? His family also owns houses in ot...
I would like to make use of the special allowance. However, I would be filing as head of household. Would that mean that I would only receive a $12,500 allowance?
This is what the IRS writes:
Special $25,000 allow...
If one doesn't own real estate what type of document is used to secure non real estate (i.e. jewelry) as collateral?
Hi!I own 3 properties (5 units) in Arkansas currently, but I live in California. I would love to know if anyone has advice on where I should set up my LLC? I would like to do a couple of flips in the next 6 months and...
I have a list of dismissed bankruptcy leads for Chapter 7 and Chapter 13. I want to send direct mail out to these leads. Who exactly will I need to send mail to? What does my letter need to say to people who have been...
Hello!I have a couple questions regarding my LLC and how I should be filing my taxes this year, and in the future. I am a Realtor in Florida and set up my LLC in March for my sales commissions. At the time, I was th...
My husband and I formed a LLC to hold our soon to be acquired rental properties. I am now in process of registering for a federal EIN. I put the number of members as 2 but the government website is saying that we wi...