Sasha Josephs
**Mom is Gifting me a Down payment - How to Set This Up?**
We want to avoid going to a CPA, so thank you to any BP'ers in advance that can shed light on this topic. Maybe this is something you've gone through before?! We are new to this.So, my moms is gifting me a down paymen...
Jamella Hagen
Advice needed re: tax considerations for American selling property in Canada
Hello Bigger Pockets,I'm hoping someone will have some expertise to share. I'm trying to help my Dad (who is a dual US/Canadian citizen living in the US) sell a property that is located in Canada. It appears to me fro...
Chris Kirkman
Best state for holding LLC for taxes?
My wife and I have the strategy of owning investment properties under LLCs formed in the state each property is within and want to place all these LLCs within the ownership of one holding LLC. We live in California i...
Tim S.
How does a Quitclaim deed affect the note?
If the owner of record Quitclaims the deed to another party, does the note need to be modified as well to reflect the new deed holder? I would think the answer is yes. I'm looking at buying a note where this is the ...
Rene Fernandez
Bank Reinstates Discharge Past Due Amount / Loan Modification
Hello,We are trying to refinance however, lenders are asking that we request a payoff or subordination of a lien held by HUD. We would like to know if you would recommend that we challenge the lien based on the follow...
Martingale Kim
Tax form for Corporation registered in Delaware
I registered a corporation in the state of Delaware this year and just filed DE's annual report and franchise taxwhich form I need to file for federal tax? is it 1120 only?I don't have any sale for the year 2021 so th...
Richard S.
Looking for lenders that only require 12 months seasoning
Hi everyone,Per title, I am looking for lenders that only require 12 months seasoning. Haven't found any local banks that will work with this.Anyone have any good leads? Trying not to rely on a 8%+ hard money lender, ...
Philip Johnson
How to structure my LLC
Hi,I have numerous rentals and rehab them as an owner /builder and do a lot of the work myself but also hire out some of the work. To protect myself I am thinking about making an LLC only for operating the rehabs and ...
Ron Mill
Anyone know about deed tax?
My wife and I have a family owned property which will be gifted to us soon. Are we obligated to pay any IMMEDIATE taxes or fees once the property is deeded over to us?
Jason Eyerly
What is the point of Cash Out Refinancing?
Hello Everyone,
So I've just learned about the cash out refinance option while perusing bigger pockets forums, but I don't understand why you would want to do it. Using the following scenario I was hoping...