Shawn H.
Simple Husband & wife LLC in Illinois, does it exist?
I am looking at forming, a Series LLC in Illinois, with my wife for our rental properties. After doing some research, I am only more confused. It seems like there are very different outlooks, strategies and methods. I...
Craig C.
Tenants owes more than Security Deposit
I had tenants move out while past due on rent (1.5 months). I mailed the "official letter" to their new address saying the SD would be kept and that they still owe additional money, but I've received no response (the...
Russell Roberts
Confused about K1 filing with states where investments reside
In 2018, I started some LP investing in syndications. I was thinking that the tax filing with this would be easier than direct real estate ownership because I would simply get a K1 from GP sponsor to input into my f...
Phillip Mazur
Illinois Judicial Sales
I am a real estate broker in Illinois and I am interested in purchasing properties at judicial foreclosure sale. I am having a difficult time obtaining reliable information regarding which liens will stay with the pro...
Abraham Kaplan
Small claims court in Dallas TX
I am looking to sue a contractor in small claims court in Dallas TX. I paid him 50% of the rehab budget up front. That was $25,000. All he did was the demo and bought some of the supplies. I've never sued anyone befor...
Patty Gonzalez
out of state investing-how do I get someone to check it out?
Hi Bigger Pockets Community! I purchased a tax lien on a property around May of last year and tried to foreclose to collect but the owner filed bankruptcy. The bankruptcy protection has ended and now I have to pay t...
Joe Caivano
Tax Strategy/Direction/CPA Vetting
Hoping for some tax advice. My wife and I are young professionals. Our income is around 300k combined, we file joint. We have two rental properties. We gross 17,800 on one and 60k on the other, so total rental income ...
Vlad K.
Taxes for Out of State Rental
I live in California and have a rental out in Ohio. Both this year and last the property has created a tax loss. Last year I payed an accountant to do my taxes but this year I decided to do them myself. The accountan...
Michael Vaughn
Pricing expectations on assets in advanced foreclosure state
I have recently to looks into more and more deals which includes loans currently in advanced foreclosure status, for example , anything from a few hearings done to FC sale date set and it is 30-60 days.How do you chan...
Nahal Beckam
Ein number for partnership
Hello, I just aplied for an EIN number under the category of partnership since the rental belongs to me and my husband. We are individuals managing our rental ourselves. I wonder if we need to file some additional tax...