I have a quick question as to how to allocate my umbrella insurance premium to my REI expenses. As the insurance also covers my non-rental assets, do I need to split the cost of the premium for book keeping purpo...

hello! I am a Philadelphia investor, and need to add my LLC as a disregarded entity to my tax ID. This is so I can get my rental license. Any idea how to do this? Thank you!

I'm just a novice investor but the more I read about LLC the more disadvantage i found than the advantages it provides. Cons:cost more to setup, cost more each year to file taxes, can't take out conventional mortgages...

Thoughts on buying a home in one of your LLCs and renting it to yourself?

I am considering purchasing some farm land for a longterm hold. The first purpose of the land would be unimproved personal use (I know thats not why we are here). 2nd purpose would be to buy a piece of property that i...

Hello all,Upon research I have stumbled across a thing called a disregarded entity. Let me give a little background. I plan to become a buy and hold investor starting out in Ohio state living in California. I am going...

Private money, non-bank lenders, also called hard money lenders have always lent money without the need of a mortgage licensing. But the financial reform following the real estate meltdown, namely the Dodd Frank Act, ...

I'm wondering if there's a way to grant power of attorney for an LLC to an individual, if the operating agreement allows of course. Also what kind of attorney should I search for to prepare such document? 

Hi Tax Pros,I'm a mortgage lender. We kind of have a love/hate relationship, but I'm probably never going to ask you for any sort of letter "guaranteeing" that Sally's business is "guaranteed" to make $X00k/yr for the...

Hello all! I am a total newbie to investment properties, so please bear with me.I am considering purchasing a house in Gulf Shores/Orange Beach area initially as a vacation home and potentially as a retirement (way do...