Robert Howard
Buy and hold investing BRRR strategy with a partnership
I would like for a couple of people to give me some feedback on this proposal I have drawn up. The deal analysis link is HERE. The proposal is below:I propose that we start a LLC, create an operation agreement, and F...
David Martin
Texas Adverse Possession / Trespass to Try Title
Would love to have a conversation with, or be referred to, anyone that has had success with adverse possession in Texas or is familiar with it's workings. I realize it's a fairly esoteric area of RE law, so initially ...
Shannon S.
Dropping a member of LLC
Hello! I am closing on a flip with a partner soon. We purchased the house under a LLC, and we are both members of the LLC. Now that we are finished with this flip, I'm wondering if I can purchase more properties und...
Steve Parkhurst
Can 1031 be done from LLC with partner to a personal purchase?
I have a unit for sale that belongs to an LLC that I have 50-50 interest in. I would like to take my proceeds from the sale and purchase a property to be owned exclusively by myself and do it using a 1031 exchange. Ca...
Mary B.
Probate / Estates Sales FYI
Good Day BP Family,
I stumbled upon this information regarding a change (at least to the form) the IRS has made effective Nov 2013 regarding estate assets. Its a disclaimer paragraph added to Form 10492 which...
Account Closed
Land Contract Wrap gone Bad
Had a deal I intended to wholesale about 18 months ago but could not pin down a Cash buyer for the property. I wound up buying the property on a land contract and then reselling it immediately on a land contract wit...
Mike Helminger
Confirm my understanding of setting up a Trust
I am considering setting up a trust. It would be for kids of a relative and it would be a grantor trust or revocable living trust (not sure which). The trustee would be me.If I place an LP fund which holds an LLC real...
Thomas Williamson
Questions about Terminating a ROBS
My wife and I used Guidant Financial several years ago to set up a ROBS. We used the money to purchase one rental property, all cash, then placed a mortgage on the property. We've gotten several answers from Guidant...
Penny Sprang
Copper pipe busted in attic....still leaking?
We have a well and a pipe busted in attic, we shut off water to house but it’s still dropping through fixtures in ceiling, why? Also, it’s yellow water in color, is that normal?
Hunter Harms
Flipping houses in an LLC owned by my S Corp?
I recently heard of an entity structure being used by another flipper that piqued my interest and I need some BP feedback! The way he put it is that his main company is an S Corp and he creates an LLC for each active ...