James Bakun
Quitclaim deed from personal name to LLC after completing a 1031 exchange
Hey All! My friend is interested in doing a 1031 exchange with an investment property. Both him and his wife currently own the property in their personal names and plan to maintain that ownership structure when sellin...
Paige Rob
LLC's and taxes advice
Can someone provide more context to statements like: our loan will never report to a credit bureau because it is a private loan so DTI will not be affected....won't it show on a fraud credit report, the deep dive repo...
Ryan Moore
Will I have a claim?
Ok, dumb question because I know there isn't a answer. I'm trying to evaluate deducible vs premium quotes. I'm about to close on a 4-unit multifamily in Phoenix. I've personally have never had to file an insurance ...
Justin Swann
Tennant gives owner ultimatum- What do yo udo?
A peer told me their rental story nightmare. They had a tenant move in and he paid on time every month for the first few months. Then he missed a payment and when confronted he said "If you evict me, I'm going to tras...
Johann Jells
Anyone DIY their LLC tax forms? What software do you use?
After many years of doing my own taxes with forms A, C & E using Turbotax we started using an accountant when we formed an LLC like 5 years ago for our properties. Now he's MIA, and we weren't all that thrilled wi...
Matthew Frazier
Holding property in LLC but issued tax forms in personal name?
I have heard many people talk about moving assets to an LLC after getting financing; although this could trigger a due on sales provision, it sounds like it rarely does. It sounds like people don't tell the lender ab...
Pichael Miper Holmes
Transferring property to LLC
Hello, Bigger Pockets!!It is with great joy that I announce that my wife, Piper, and I have closed on our first rental property! We bought a 2/1 in OH and have the property management company in place to get it rented...
Account Closed
Do I need to file a Partnership Tax Return if I am a co-owner?
So long story short, myself and another person co-own a property 50/50. We hold the property in our individual names. We have one property and after getting a rather large CPA bill ($1600+) for the 1065 Partnership ...
Shana Williams
Pros & Cons on having the LLC manage the rental property
I plan on turning my condo into a rental unit. I have already checked with my lender and they confirmed that if the property gets transferred into a LLC, the due-on-sale clause will take effect. With that being said, ...
Buyan Thyagarajan
Best banks which will offer a line of credit to expand portfolio
Hi Guys,I would like to know if you know any good banks around Philly which can provide a line of credit to expand my portfolio? I am open to private lending institutions as well.Buyan