Levi T.
Why you need an LLC on your properties.
I've been in this business for years and years, hundreds of units and untold thousands of tenants later, someone finally filed a lawsuit against us for their deposit not being returned.The story is the tenant was inhe...
Andrew Smith
Rental Property Owner - diff. names used report rental income?
The property I own is under ONE LLC and the rental income I receive goes into a bank account under a DIFFERENT LLC name. I have an EIN for the DIFFERENT LLC and used that to fill out the W9. Which name will I use to r...
James McKillip
Should I LLC or Not LLC??
I am on the fence on making a LLC or just getting a liability umbrella. I live in Illinois and because they are digging for any kind of money they can get their greedy hands on the basic cost to file electronically is...
Simon Ruiz
How long does probate take in California
Hello I have a lead on a house I'm looking to buy long story short the house has gone into Pre-foreclose and now has an assigned trustee.. I now suspect the house will go through probate even tho no aires are interest...
John Morgan
Best way for Finding motivated sellers!!!
Good morning BP! I am a local investor here in the Akron/Canton/Cleveland Area. I am currently looking for tips on how to find properties that are currently listed with probate and my county (summit, stark, and cuyaho...
Tom V.
LLC, rental property, taxes, argh! very confused....
Hi guys. Found the forum through google, seems like a place I can learn from.
I've been reading this forum forever, and find myself more confused than when I started. Ugh.
Anyway, I need help on understanding taxes re...
Michael Huey
Lead Generation (probate).
Hey bigger pockets family. I went to my local county office and ask for the probate list, and the lady said she couldn't give me that information because was against the law. Can anyone inform me of what I'm doing wro...
Maribel Manibo
Need advice on retroactive filing of 5500 (401k related)
I used a Rollover for Business Startup (ROBS) to start my REI business a few years ago, rolling over 401k funds. I fell behind due to personal/health issues in filing the 5500 (3+ years) but my business also did not m...
Curt Smith
TAXES: where to deduct yellow letter costs, monthly service expenses on personal 1040?
Hi Everyone,
I don't file a business tax return for our LLC because it's a tax non-entity (pass through). If I did this would not be a question. As it is our rental business is falling onto our personal ...
Fer K.
Buying property using personal mortgage but collect rent via LLC
I purchased a rental property using conventional loan under my name, under my personal SSN.
I have transferred the ownership to my other LLC (different EIN, not using my SSN) for legal protection.
My question is ...