Daniel Miller
Dad had Living Trust, I am trustee, he died, I'm confused...
So I've already gotten one surprise in this adventure... I discovered that dad's Living Trust becomes an irrevocable trust upon his death. I've already gotten an EIN for the trust, but I'm really unclear on how I do ...
Mark Gagner
1099 contractor won't complete W9 form
Hi BP,In 2014 I hired a recommended contractor to do a quick job for me at the end of a project, but later learned that he was unlicensed (yes, I know I should have known that upfront AND got a W9 filled out before wo...
George Post
Rental SFR Currently in Irrevocable Trust - Now What?!
Good Day!We have a rental SFR that is currently in an Irrevocable Trust. Sadly, the Grantor has passed away (Grandmother in-law) and the trust has served its purpose and the asset is now ready to removed from the irre...
Michael Blakeney
Personally guaranteeing a mortgage and buying a new house
We are looking to buy a new house to live in. Preapproved and ready to go. We also have an LLC with a rental and just took a fix and flip loan and applied for a 30 year loan. Would personally guaranteeing the LLC loan...
Darius Johnson
Refinance First Mortgage to get Second Mortgage
Hello Everybody,Looking to refi 1st mortgage on a SFH out of town, to get money for a down payment get a 2nd mortgage on another SFH in a different town in Ga.Anyone have experience doing this or any suggestions?1. I ...
Rick Soulas
Any recommendations on RE tax adviser/accountant??
Looking for a new tax adviser/accountant as we just invested in our first property and want to make sure we're capitalizing on RE tax advantages...thanks!
Michael Vincent cangialosi
Ideal Corporate Structure for Residential Rental Company
What is the ideal structure for a residential rental real estate company? I have been told that each property should be put into its own LLC. Do I need an umbrella company or corporation? What would be the advantage o...
Dominic R.
Best way to pay help
I just won a bid my fifth property and am waiting for it to close. It is going to need substantial work. A lot of it going to be manual labor. Since the closing is just before college gets out I would like to hire ...
Stephanie Boggs
Tax implications for private money
This is my first year using private money to fund my flips. Do I need to send my private money lender a 1099? Do they send one to me? Thanks for the help!
Ken Sanders
Limits by Bank on Seller Assisted Closing Costs?
I'm selling a house right now for $294k with a $10k seller assist.
The agreement states:
SELLER ASSIST - Seller will pay $10,000 toward Buyer's costs, as permitted by the mortgage lender, if any. Seller is only obli...