James Smith
Gift fund through a diaaolved company, how screwed am I?
My uncle recently gave me some money for a down payment. However, he wired it though his company's checking account.He recently dissolved the company. Will the lender care that the money came from a business account, ...
Upgrade Costello
Can I sell a commercial warehouse and purchase single family home
I am a 50% partner in an LLC that owns a commercial warehouse that we rent out. We are selling it, and I'd like to purchase two single family homes with a 1031 exchange.Is this possible? Can I purchase the homes in ...
Daniel Hart
HOA struggling financially, can't foreclose on over-financed units, need opinions...
I've recently become involved in an HOA that is really struggling. It is a high foreclosure pocket and there are now many vacant units and non-paying owners. Only about half of the owners pay the dues. We've lost o...
Daniel Trzaskos
To 1031 or Not to 1031 - Offset Capital Gains
So.. odd situation that I'm having trouble getting a solid answer to. Partner and I bought a MF property via LLC which now under contract. Partner does not want to go the 1031 route and is ok with the capital gains hi...
Jaime Penix
Now that the end of Homepath is near, are they removing their listings from the market?
I have had my eye on a few Homepath properties, waiting to perform a precise strike of them. However within two days, a significant number of them have been drawn from the market. I have been following Homepath for ov...
Gary Wright
When to file for LLC or Stay as a sole proprietor
Hello everyone ! I am very new to Real estate investing and I do not own any properties yet. My question is, should i file for an LLC while i am educating myself or stay as a sole proprietor and wait until I get my f...
Carole M.
LLC Partnership Dissolved 2011/tax questions
In april 2009 a LLC Partnership was formed (50/50) between two siblings. The Partnership was dissolved June 20, 2011 with one partner (myself)selling their membership interest/share in property to the other. The rem...
Tim Robinson
Anyone have experience dissolving their LLC?
Hello all,
I'm looking for a little guidance on something I heard was possible, but need some details and hopefully some experience from fellow investors in this process. I own a building under my LLC, but am lookin...
Leah Dockter
Converting from a 1031 to a Section 121
If a partnership does a 1031 exchange into 2 rental homes and then decides to distribute them to the partners can the partners qualify for a 121 each? This is assuming each partner lives in a house for 2 of the 5 yea...
Kerry M.
I am the only debtor to my LLC. How can I deduct debt repayment if I dissolve the LLC but continue the business?
We are seeking a first mortgage from a local bank for our 4-plex. We had renovated it since purchase. The loan has to have the property titled in our names, not the name of the LLC. How do we account for the deb...