Bob Malecki
WA statute of limitations tolling question
I'm completing due diligence on a first position NPL on a property in WA state, which has a statute of limitations of 6 years in the event that either the loan was accelerated (NOD) or the borrower had a bankruptcy di...
Ethan Spielvogel
Where to form an LLC
I live in California. I am buying property in Ohio. I was thinking I should start an Ohio based LLC for this property. Any thoughts or ideas would be appreciated.
Louis Van Der Westhuizen
Multiple LLCs one for each flip?
Hello BP colleaguesI live in Southern California and from what I hear series LLCs are not recognized by the state of CA. I’ve also read (various sources) that it’s a good idea to create a separate LLC for each investm...
Zoe Lee
Preexisting issue not disclosed by seller
Hi there,We recently bought a house in Dallas TX. A couple of weeks ago the tenant called about toilet backing up. We sent a couple of contractors there to look into it. They found that the plumbing lines were not ins...
Dylan D.
Medicare liens and tax foreclosure
Does anyone know or have experience with Medicare recovery liens. The lien was filed prior to the tax lien. Would this lien survive the foreclosure?
Kody Crouch
Entity advice for Californian investing out of state
I live in California, and have recently closed my first few real estate deals in Wisconson. I want to create entities to protect my personal assets from consequences of the real estate business.
As I understand it, ...
Jonathan C.
Need advice on County Treasurer Trustee Auction
Hello BP members, newbie in REI needs help and advice....I was driving for $$ and came across this boarded up vacant property. Start to lookup the address and found out that it was foreclosed 2 years ago for several t...
Val Csontos
Hi Tax pro's, I need you input please on "Active vs Passive" status question.
Just seeking for second opinion on this Tax situation: I am a fulltime Investor and I according to the IRS Sec 469c I qualify for the "Active" status, BUT my wife has a fulltime job with, w2 salary. We own an S Corp ...
Jon Adams
Selling a property but garage is on the neighbors property
I am asking this question for my sister. She has a house and wants to sell it. However her garage is on the neighbors property. Is there anyway around this? O by the way the neighbor will not sell that part off to...
Helene R
Foreclosing on a tax lien without a lawyer
I've noticed a few on here are versed in AZ tax liens. I have a couple tax liens that can now be foreclosed on (5 years back taxes) and I'm wondering if anyone does the foreclosure process without the expense of an at...