I recently discovered a trust that has a tax ID number. This trust owns two pieces of rental income producing property. I do not understand why this is. I thought only people and entities had tax id numbers. Do certai...

Happy New Year! 2016 is here.One of my new year resolutions for 2016 is finally do my estate planning and living trust.I've got some questions for who have recently gone through this themselves.#1 Are most probate/est...

I was just reading on another thread about the old debate of how many LLC's do you need? Just one? One per property? Somewhere in between? The idea is to segregate silos of liability exposure. That's fine, I don'...

My wife and I are both on title for our principle residence, but she is the only one on the loan, and personally so.  At the moment, for my own investment property financing purposes (not hers), I'm certain that our p...

Question for the CPA's - Person A is setting up a trust for estate planning purposes.  Person B will be the beneficiary of that trust upon the death of Person A.  The assets of the trust are primarily income producing...

Hey guys, how does taxing a trust works?
Lets say there is a paid off property in a trust that is worth 100K, and brings 1K per month per rent. So its about 12K per year in rent. But, lets say we spend 2 k per year i...

I have noticed that a lot of wholesalers put in their post cards when mailing to absentee owners, "I will buy with or without a tenant in place." What is the strategy when you have a lead with a tenant living in the h...

Last year I purchased 3 condos under my name, a few months later I put all my condos into an irrevocable trust I was already charged supplemental taxes as a new owner now I am getting charged supplemental taxes again ...

I have a situation I am sure a wholesaler has been through but I have no clue how to proceed. I have a neighbor 2 houses down who the house was given in trust to him and his wife from her father. The owner listed is b...