Maryann L.
Homeowner is applying for loan mod, but we filed ss paperwork
We have a house that was up for foreclosure TWICE that we've been able to get postponed. New date is in two weeks. I've been asking for the homeowner to get me some paperwork as the loan was bought by a new lender a...
Cody Barrett
Why I filed for a LLC. Only own 1 property too.
One popular question on BP is the question of "should I file for a LLC" or "Do I need one?"I definitely do not have that answer because everyones intentions, needs, and goals are different. But... I decided to file f...
Bill Hampton
For Tax Year 2016, IRS E-File Closes on November 18th
For Tax Year 2016, IRS E-File Closes on November 18th; After That, Disaster Victims, Others Need to File on PaperWASHINGTON —The Internal Revenue Service today reminded people, including those in disaster areas, who w...
Hind R.
What if Residential Seller Files BK After I Wrap Sellers Loan?
I'm researching doing a wraparound deal in TX. I don't have a lawyer yet, but I already have two pages of questions before wading into something that is new, risky, and unknown territory for me. The question that just...
Jeremy Marek
What are your yearly filing fees for an LLC in Illinois?
I am looking to form an LLC in Illinois but wanted to know what the ongoing fee is for a series vs traditional LLC. I see that the original filing fee for a traditional is $500 and $750 for the series. Is there a diff...
David Krulac
Its that time of year again, time to file those 1099s.....
We send 1099s to all un-incorporated vendors who we paid more $600 in a single calendar year. Our CPA advised that as rental owners we only need to provide 1099s for ATTORNEYS who did work for us. BUT that for non-RE...
Shawn Legree
Filed my QCD now how do i a get clean title.
Hello everyone,
I’m a newbie to the real-estate game; I just recently filed a QCD in N.J for some investment property. My main goal is to fix the apts and rent them out. But what if I want to sell ...
Luke Perrin
Does filing one tax return for multiple LLCs negate asset protection?
My wife and I own 2 rental properties in Colorado that we are working on getting into LLCs for asset protection purposes. I also have a single member LLC for work. We have a Wyoming LLC owned 50/50 between the two of ...
Hisashi N.
Can I recover unpaid rent from my tenant who filed bankruptcy ?
Hello,one of our tenants had filed a bankruptcy (Chapter 13) and left our rental home with unpaid rent of approx $3K. I went to the Creditor's meeting held at US bankruptcy court in Atlanta, GA. But the tenant did no...
Jane S.
Would you rent to an applicant who didnt file tax returns
This woman can't substantiate her earnings, since she didnt file tax returns in 2017 or 2018. Dont know if she ever did. She uses 2 last names, and her kids have a 3rd last name. No child support or alimony. She says...