Hello,I've been a long time lurker and finally have decided to join the forum.As we are doing conventional financing through members of the LLC I was thinking about financing and placing the property into a Trust and ...
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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...
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Is withdrawing money from an Estate account taxable?
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I'm looking for clarification as to what are the IRS reporting requirements for pass-through income which is distributed through a land trust to the beneficiaries? Am I supposed to issue each beneficiary a 1099-MISC,...
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Hey Investors, If there was an opportunity to invest your money in let's say the S&P500, be able to take a loan from your own money while having that money you just took a loan from continue to grow with the S&...
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SO I am negotiations on this property. Listed for sale by the Trustee or the Estate of the owner (who passed). Now my RE agent told me that the aunt/ caretaker of the owner (who was living in the house), which is also...
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I've made post on the before and the more info I get the more questions I get. I'm in serious need of advice from experienced land developers and advice from lawyers.Quick back story: My mother owns land free and clea...
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Hi All,I am looking for any thoughts or guidance on setting up an LLC. We have a rental property in North Carolina that has a mortgage. We would like to move it into an LLC. We spoke to one asset protection attorne...
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My grandmother is aging and currently in an assisted living facility. In order to cover the cost of her care, my mother has rented out my grandmother’s home. I am trying to help her put the home in the correct entity ...
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I have a borrower who asked me if he could "borrow in the name of a 'land trust'..." He briefly explained some of the nuances, and when I asked him why he did this he said, "It protects us a little better than a LLC.....