Beth Chang
Trouble Selling Condo Unit, Structural Issues HOA Won't Fix
Hey everyone, looking for advice.We have owned a condo (3/2) for 10+ years and the market is now favorable for selling.We have had two full price offers both of which terminated during due diligence due to subtle stru...
Account Closed
What type of entity should I create to govern my LLCs?
If I have multiple rental condos titled within various single-member LLCs (each condo is it’s own LLC), what entity should I create to be the “master” entity? This entity would be the “manager/single-member” of the L...
Will Fraser
Owner Finance = Debt in SD IRA?
I understand the general concept of UDFI in a SD IRA and I've searched some boards to see if this has been discussed, but alas here we are.If Mr. X approached seller Y about Property and seller Y said "I'll sell you t...
Tom Hall
why closing cost is so high?
Soon closing on a property property cost $458k and the closing cost is really high we are doing FHA mortgage they are charging 2% of the loan plus application fee and mortgage insurance on closing for the amount of $7...
Michael Hill
When to set up entities
Good evening BP community. If one were looking at house hacking a multi family property, at what point should you set up the entities (LLC and a trust) ?The plan is to sell primary residence in order to have the equi...
Joel Owens
Can a 1031 buyer acquire the sellers LLC??
Have a situation now where a retail center is assessed at a low value but has been full for awhile.The state the property is in might reassess the value based on the higher recorded purchase price.When this happens it...
Dan Sheeks
Does anyone know a good structional engineer in Denver?
We are thinking of adding another story onto one of our rentals before we sell it and would like to find out if it's even possible with the existing home. Does anyone know a good LICENSED engineer in the Denver area?
Account Closed
Looking for a Real Estate/Tax Advisor or both in Fort Worth area.
Looking for a Real Estate/Tax Advisor or both in Fort Worth area.My situation is that I have multiple businesses and multiple partners I want to be able to structure all companies correctly with the best asset protect...
VICTOR TEYE
LLC or an S Corp and why?
I know I should ask an CPA but I wanted to know what everyone's thoughts are on a LLC vs S Corp? And what questions should I ask a CPA when searching for one?
Linzey Ledesma
Duplex partnership structure
Hello BP,In need of some creative ideas....How would you structure a partnership for a duplex?I came across a duplex 1bed/1bath 2bed/1bath in Socal, asking price is 299,995. Property is currently rented out. Rent is 8...