A real estate lawyer asked $600 to setup a LLC and file at the secretary of state not including $137 fee from the state, and then he would help me to get a tax id for my new entity.With a little research online I find...
hi - i purchased an investment prop with cash - can anyone advise what forms i need to produce for tax returns? i paid off a credit union loan in the name of the seller, i also did a major refurb on the property, woul...
Hey all,This is my first discussion on BP. I have been a follower of the fourms for months, and finally found a topic that seems to not have any coverage. It almost scares me, that the answer is so obvious that no on...
hey all. I need the wisdom of this ever so intelligent website to answer some questions for me. My real estate agent, lawyer, and estate planner do not have a good enough response for this so I was thinking of reach...
Hi,I need some help trying to figure out what to do. I sold a property on May 30th and am holding a first mortgage for the buyer. The buyers attorney did a Title search at the local town offices on May 9th and was tol...
I plan on doing multiple syndications over a period of time. I want to create an LLC that I can use to be the "face" of my syndication activity and be used as my primary brand in my marketing packages, but I don't wan...
Hi, Im 38 years old, put our second offer in on a possible STR rental. I invited my parents to come with my husband and I to look around just for the heck of it because my dad is retired and since we had three young k...
Hello! What would you do if you were setting up a Trust for your children and LLC? I want to make sure I have my head wrapped around this well, so that I set things up correctly for my children’s future. Here’s the st...
I have a LLC in WY as the parent and the 2 child LLC in different states. I only use them to hold properties.My lawyer say to file them as LLC and my accountant says to do it as s corp. Lawyer says that s corp is on...
I just start looking for my first rental property. At this point, LLC might be costly, so I don't consider to use LLC as my land trust beneficiary.
For the privacy purpose, can the land trust apply for one tax ID num...