Ok, been doing my homework ... I am not a lawyer. If someone sees any problems with this, let me know.Let's see if this makes sense. I'm looking for the ultimate in external and internal protection of my assets in AZ ...
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I want to buy my first rental property. I decided to call a CPA in the Washington DC area and he informed me that cannot claim the deductions on mortgage interest when you do a cash out refi. He also said that the m...
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I am have two insurance agencies to choose from: one of them puts themself out there as "specializing" in real estate and the other is a general purpose one. I've done business with both of them through companies I w...
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I have been debating buying an investment property for 2 different utilizations: 1 personal use during limited vacation time during the year, and 2 to AirBnB the building for other vacation use. Has anyone bought/ut...
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Hi Folks,I am looking to purchase my first investment property (either a SF home or less than 5 MF units) and plan to hold it in an LLC, with myself the only member and the member-manager. A couple questions about th...
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There seems to be a lot of confusion on BP as to how you lose the protections of an LLC or business entity. In legal terms, this is called “piercing the corporate veil.” A business entity can shield you from liabili...
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https://www.nysenate.gov/legislation/bills/2019/s2892Some call it Lease for Life... Also known as Good Cause Evictions...What are your thoughts?3 Part Mini Video someone put together. (Not Mine)https://www.youtube.com...
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Hello everyone.
I'm wondering if someone can assist me with this dilemma.
Every time I click a "Follow" button on any company, it follows a total different company. In other words, if for example I want...
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Good morning. Here is my situation.
I am about to sell my condo which needs to be 1031d for tax purposes. It is in my personal name. I want to 1031 it out midwest. I have talked to a lender and they say they lend t...
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Rev. Proc. 2002-69I found this guidance and thought I would provide a summary:It was issued to remove uncertainty surrounding treatment of an entity owned solely by a husband and wife in a community property state.Ess...