Yi Chu
LLC tax and ownership questions
Can someone help me with the following two questions?
1) If you set up an LLC (with an EIN from IRS and approval from state) but it turns out you don't have any business during the year, how do you report that for y...
Mary-Grace Harley
LLC formation after property ownership
Hello!My husband and I are in the process of launching our first STR in Savannah, GA. I have a couple initial LLC and tax related questions.1) The house was our primary residence, and was bought under my husband's nam...
Lisa T.
Beneficial Ownership Information (BOI) Reporting
It seems like the government website for the BOI is pretty straightforward. We've followed the advice over the years to have many LLCs registered in the state where the property is located and then just have a couple...
Christian Block
Beneficial Ownership Information (BOI) Reporting
First, sorry if this has been discussed already, but I thought this would be a good time to provide some cautioning on the Beneficial Ownership Information (BOI) reporting, as required by the Corporate Transparency Ac...
Jeff Klonowski
Co-Ownership + Short Term Rental
I'm currently exploring a new build construction as both a vacation home + short term rental. However, I'm looking at a scenario of co-ownership consisting of 4-8 investors. The idea is each investor gets a fractional...
David Stuart
Home Ownership through Fixer-Upper
So this is my first post and I am very new to real estate. I would like to buy a house, but currently do not have enough saved for a down payment. I am curious about the process of improving a fixer-upper myself, but ...
Menachem Krasnjanski
Motel ownership in a recession
What was the experience of motel owners during 2008 and 2009 due to the recession. Did you find that budget hotels (motel 6, super 8, ect...) were more recession resistant, or did you find your profits went down signi...
Jake Andronico
Home Ownership Rate Actually Increasing...?
Thought this was interesting. Virtually everything in the news is saying there is no hope for home ownership, everyone is going to be a renter, etc., but the overall home ownership % nationally vs. renter % is act...
Mike Hoefling
Ownership June17th - Letter to Tenants
I will be taking ownership of my 4-unit property on July 17th (This Monday) and would like to send the tenants a letter stating that I am the new owner, where to send rent and such things like that. All the tenants ar...
Hector Trevino
Most suitable form of ownership?
What is the best form of ownership for my real estate investment company? I.E. sole proprietor, S/C corp, LLC?