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...
Janet Behm
Daily Fines of $500 for Failure to File by Year-End
The U.S. Government is nailing property managers to the wall in a bold move to control financial crimes.
BOI is yet another Federal program, “Beneficial Ownership Information.”
The BOI program, a key tool in the fig...
Daniel Loane
Filing taxes: when to expense vs capitalize for vacant rental property
Hi everyone,
I purchased my first rental property in June 2023, and it took until December to prepare it for tenants. I posted the listing on December 12, and my first tenant moved in on December 26th.
As I’m filing...
James Wise
Failed Leadership is why California is on fire.
California is on fire and they don't have enough water to stop it.
California is the richest state in the USA.
California has 3,427 miles of Coastline.
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Make it make sense.
Ryan Smith
How do I file a quiet title action pro se in Oklahoma?
I purchased a property in a tax sale and have the deed. I want to file quiet title action pro se (myself). Several questions:1. Does anyone have a template they recommend?2. And are there any steps other than filing ...
Andrew Yu
How to Buy from Seller That will File Bankruptcy in 3 Months
I have a seller willing to sell her 2nd house with sub2, but she's filing bankcruptcy in December. Can I do sub2 with a land trust in this case? Would the bankcruptcy trustee reverse the deed to land trust? If not, wh...
John Jones
Filing for Depreciation will be a costly mistake for me atm? 24h
Hello. In trying to help my mom after my dad passed away Christmas, I
rented my place out. Having never done this, and rushed by the
deadline to file taxes, I'm confused on some points. On advise pages
it's s...
Chadwick Cadet
Would You Buy a House with a Tenant That Filed for Bankruptcy?
As a cash buyer, Would you buy a house with a tenant that has just filed for bankruptcy?The tenant is also 3 months behind on rent.The property is in Clayton County, GA.The current owner cannot evict the tenant becaus...