Ernest Quallis
LLC'S in different states
So I have listened to multiple podcast referencing the benefits of having an llc. However I have recently started 3 llc's all in different states , GA, VA, NC,. is there a way to set up all my LLC's to allow for one t...
John Chapman
Records retension for properties that I have sold.
How long must I keep closing documents, title reports, loan documents, depreciation schedules, etc. for properties that I have sold? Is it 7 years? Is there any reason to keep information on properties that I have ...
Our perceptions of work and life have changed significantly over the past year. While we once had a clear distinction between the two, now, we have a blurred line barely separating them. For some, this has made their ...
Want to know how to start a business? One that will help you reach financial freedom, find purpose, and give you more opportunity to spend time with your family? Those are the reasons why almost all of us get into rea...
Adam Moessinger
Using rental property to change state of residency
Hi all,
I'm currently working abroad and have been for the past 20 years or so. I own rental properties in the US, but my primary residence for tax purposes remains my parents home in MD. I'm looking to buy a propert...
Chad Huffer
Attorney says residential prop sale is a commercial transaction
So, got a residential seller in Maryland who wanted to have her attorney draft a contract.... I reviewed it and made some modifications to it and emailed it back to the attorney. He responds with this:"It is my unders...
Jason Powell
Hunting Down Pre-Foreclosures?
We know that working with pre-foreclosures can present unique opportunities to create win-win situations for the seller and investor alike.
What do you think are the best practices for hunting down pre-foreclosures (...
John Stanley
Legal/tax structure: buying outside the US
Hi everyone,I'm a US citizen living in Germany (with local residency). I'm looking at buying an investment property and need to decide whether to do it as a US or German company. Does anyone have insight into the pros...
Matthew Shay
Opening up LLC for Real Estate Agent
I am interested to open up an LLC as a real estate agent in NY for tax purposes (thinking to elect the LLC as an S-corp for tax purposes.) Is anybody else doing this and is it worth it? Do you need to put your LLC nam...
Jason Y.
Heloc from primary residence vs Heloc from investment property
What are the restrictions on taking a HELOC from a primary residence vs taking a HELOC from an investment property?
I heard that HELOCS from a primary residence is usually used for remodeling and cannot be used for i...