After many years of doing my own taxes with forms A, C & E using Turbotax we started using an accountant when we formed an LLC like 5 years ago for our properties. Now he's MIA, and we weren't all that thrilled wi...
I have a year left on my lease and I have not missed a payment to owner even though she was in default. Will I be kicked out the day after the auction if someone buys it? I'm worried the sheriff will lock me out and I...
I understand why many people set up an LLC for their investment properties, but my question is simple: "Is it worth it?" I've asked several investors and they always say I MUST set up an LLC to protect myself from get...
I have a personal mortgage for my rental but it’s owned by LLC so rents goes to business account. How do I pay personal mortgage using those rents? I read the below approach online and wanted to see if this is correct...
Harvey damaged 203,000 homes in Houston - at least that's the number I read this morning. I'm sure it's going to go up. I read 90% of homes destroyed did not have flood insurance.Irma looks to be headed to Florida. Sh...
Rich and a few others have posted on this already and I read through those threads already so please don’t cite them here.
Is there any value in setting up a series LLC from an asset protection standpoint? My un...
Just a little lost on how to form a sole proprietorship LLC in Texas, wondering if someone knows the cost and some basic knowledge on how to start with this? New at investing and everyday seems I find something new an...
Economic Update(Monday, May 3, 2021)
Here’s some fun facts. According to University of California Davis’ “Road Ecology Center,” Los Angeles traffic patterns changed dramatically during the pandemic. In March of 2...
Economic Update
(Monday, April 26, 2021)
While the nation was focused on a Minneapolis courtroom last week, there was also history emanating from a Los Angeles courtroom. A federal judge overseeing a sprawling la...