Ivan Smith
Legal/tax ideas needed
Hi I have several properties in Arizona and one in utah, my LLC structure is kind of a mess. My personal home in Arizona and the rental in Utah is in my wives name. Other properties here in Arizona are either in one...
Daniel Rutherford
Handling Down Payment and Closing with LLC
I am closing soon on a property that I am financing. My plan is to do a quitclaim deed after closing to get it in my LLC's name. Obviously one thing I want to be sure of from a legal standpoint is making sure I am t...
Christine Stone
To LLC or Not to LLC
Hello BP Friends! I'm ready to look at starting an LLC for my properties, but I've heard mixed advice about their necessity and benefits. I would be starting the LLC as a disregarded entity and reporting my profit/los...
Lisa T.
Asset Protection - LLCs
I have spent a ton of time researching how best to structure our real estate holdings. We have them in a couple of LLCs now but want to add a holding or series LLC for asset protection as well as reduce our income ta...
Account Closed
Potential First Flip Deal - Questions about HML disclosure and dual agency
Long story short - I was put in contact of the owner of a very, very dilapidated home (in Los Angeles). The home has been vacant for years and the person who'd lived in the house previously was a hoarder. The famil...
Mitch Kronowit
Mixing Passive and non-Passive income?
I already have an e-mail into my attorney/CPA with this question (so don't bother telling me to check with one), but while he's answering the 80 or so e-mails before mine, I thought I'd post this question here to get ...
Vinny Giglio
Los Angeles Section 8 Question
I recently purchased a duplex in Los Angeles. Its comprised of (2) separate 2 bedroom 1 bath houses. The tenant in the rear unit is an elderly woman who has been there for 17 years. She is currently on a section...
Mike Montanye
Landlord Ins. vs Homeowner's Ins. For Long Term Rental
We are just starting down the RE path and have a ton of questions. Before I can find the answer I have thought of 3 other questions I need answers to. Just trying to avoid any massive mistakes that would sour this buy...
Laura Hildreth
Private Lender Pros & Cons?
looking at Private Lender's to fund property. What are pros and cons? Is 1% fee typical? Things to look out for? how do I verify I wont get burned?
Sean Mcintire
NAICS Code for Note Wholesaling
Hi all and thanks.NAICS Code for Note Wholesaling - what is it?Is it 531390???-----------------------------------------OTHER ACTIVITIES RELATED TO REAL ESTATEWholesaling could arguably fall under the following extende...