Ayse Yesilyurt
Help with taxes - Non-resident aliens with LLC
HiWe bought a condo after forming an LLC between me and my husband in November 2016. We have been living in it since purchase and there is no income yet so far. We are both non-resident aliens, currently on J-1.We wer...
Account Closed
Is Quiet Title the next alternative?
Long story, but wondering if Quiet Title is reasonable. WAMU loan 2007 - defaulted 2009Loan Modification Process since 11/2009 - present. No acceptance or denial.15+ foreclosure sale dates postponed.Have requested acc...
Brandon Lashmet
Rental Property Business Structures + Asset Protection
Below is the current situation and I would like to get perspectives on the best way to protect a new rental property purchase.Current Setup:CA LLC 1 (1 long term rental property)CA LLC 2 (1 long term rental property)C...
Robert Leitner
Looking for help with Entities
I had a prior CPA set up my LLC and they also made it an s-corp. New CPA is telling me to dissolve it, don't need it, costs me more than it's worth. My own research is leading me to believe I don't want an s-corp tax ...
Darren Berg
Partnership gone wrong
I started in a partnership 3 years ago. I was the money man and a seasoned REI guy was going to be the operations. I have gotten all my money back in refinances from my initial investment, but my partner is not fulfil...
Account Closed
Let's Talk about Screw-ups! Part 2
Hello everyone, not long ago I was reading a BP forum about screw ups and it was both entertaining and learning. I hate to say but one of the best ways to improve one's knowledge is by learning from other people's mis...
N/A N/A
I have the deals friends have the credit: how do i structure
what would you do? i have the deals my friends have the credit and collateral, how do i structure the deal for a win win situation for us.
the first property is an investment property.
Alex Castillo
1031 exchange questions
Hello, I am in need to go into a 1031 exchange. It would seem that I'm an experienced investor if I find myself in this situation. However, I am not. I actually dont even own my own home, I currently rent. The only r...
Sean M.
Re-affirming an obligation post-Chapter 7
Question about re-affirming obligations under a Chapter 7. If a borrower has a mortgage and has cleared a Ch 7 bankruptcy, then makes a payment on the loan, have they re-affirmed the obligation, such that it now effe...
David Walkotten
1031 Exchange question - different LLCs/ownerships
Hi CPAs familiar with 1031s, I have a question.My business partner and I may want to do a 1031 exchange on 2 real estate properties. Here is the scenario: 1. We're Selling a duplex for ~$115k from my partner and my jo...