Collin Schwartz
Filing 1099's when properties are owned in individual LLC's
Question: I own all my properties in separate LLC's. When filing 1099's for contractors (paid over $600) do they get a separate 1099 for each LLC?
Sam Rogers
Deed in individual's name for financing but owned by LLC
My business partner and I purchased a property almost a year ago with cash under the name of our LLC. We recently did a cash-out refi using a conventional mortgage. This required us to quit claim it into one of our ow...
Mark Rosser
Help deciding between LLC or Individual's name for foreign investor
Hi everyone,
I am a foreign investor (from Australia) looking at purchasing some properties in Las Vegas next month. I have been doing some research and I am finding it very hard decide on whether or not to use an LL...
Henley Smokey
Is an individual guarantor necessary when leasing to a company?
We have a condo we're looking at leasing to a company for their employee. The company will sign the lease, with the employee listed as the tenant. Do we need a guarantor listed as well? The company's legal counsel has...
Kumar Paj
Asset Protection-Moving from an individual investor to Systematic Investor
After listening to Asset Protection podcast and having a sizable portfolio, I started believing that now it is the time to move on with systematic approach and long term strategy. As a part of long term strategy, I am...
Account Closed
Gift Tax on Quit Claim Deed from LLC to individual
Hello everyone,Anyone have any experience with possible gift tax implications that I could incur with a quit claim deed transferring a multifamily property from an LLC that I own into my personal name?
Alex Hamilton
Looking for an Individual or Attorney who knows Louisiana Law
I had an Attorney set up a sale subject to the existing mortgage on a house I Mortgaged. The deal was set up under my corporate name with me signing as representative of the company. I donated my interest in the hou...
Cassidy Burns
Handling Tenants that Break UP and 1 individual moves out???
Hi BP,Curious how others handle this situation? Tenant A was the main point of contact and main individual who made rent payments, communication, etc. Tenant B lived in the house and was on the lease as well. Tenant...
David Moore
Should I lease to 3 individuals when 1 doesn't qualify?
I've received an application from 3 individuals who live together. The first two are a couple with a baby and would qualify for the home individually (each income separately is more than 3x monthly rent, etc.). The...
James Park
Individual investor who have successfully borrowed $2M from the bank
I am realizing that trying borrow your 5th - 10th mortgage from the bank is going to be a uphill battle. I am curious to know if there are any individual investors here in BP who has successfully reached the level of ...