Granville L.
Filing a Judgement in Galveston Texas
Hey Everyone, I am a long time lurker and I have a question about filing a judgment in Galveston Co. Recently we had a tenant not pay, so they moved out without hassle. Which their quick departure was great till we ...
James Sudarsono
Can only one member of a multiple member LLC change to an S-corp?
I am a part of an LLC with 3 individuals in the partnership. Can I somehow swap only MY portion of the LLC to an S-corp that I solely own, or do all 3 partners now have to be S-corps?Current structure:We <3 Real Es...
Gloria Grotjan
Tax clearance reqt for Memphis rental - out of state investor
Need help and advice! I have had a single family home rental in Memphis since 2011 and never had a tax issue. I am an out of state investor. My LLC was recently revoked and put into inactive status because TN Dept of ...
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...
Cass Hecker
Qualified Joint Venture for RE Spouses
Anyone have experience designating your LLC (RE rental income/loss) as a qualified joint venture? I am interested in reading all pros and cons of QJV vs. S-Corp, apart from level of complexity of tax returns. Accounta...
Zana Blue
Notice of Commencement Who Files
I'm trying to get extensive electrical work done on a rehab and I signed and notarized the notice of commencement so the contractor could pull the permit and they called me on Friday at 4PM and told me I had to file i...
Ryan Franklin
Limited Liability Corps for properties
Curious: How many properties do you typically hold under a single LLC? All of them? 5? Only 1??? What is your reasoning?
Terri King
Probate leads
Hi All! I'm doing some digging for Probate deals and I was thinking of using TLO to get contact information for the estate representatives. I've tried calling the lawyers before but not much came of that.... If I get...
Katie Southard
Really want my rental in an LLC
I am a single house landlord and manage the property. In the future, I plan to have more rentals but more interested in out-of-state investing than in state so I currently only have the one rental. Unfortunately, this...
Margaret Feit
Properties Titled Personally but Reported on Partnership 1065
My husband and I have an LLC with a 50% split in ownership, taxed as a partnership. We own several rental properties, which we run through this LLC. We have separate business bank accounts and credit cards and run all...