Zehua Zhou
How to handle the tax forms from the property manager and the bank?
I just set up my solo 401k under uDirectIRA, and the LLC that will be 100% owned by the 401k, and ready to buy real estate using the LLC.
My question is regarding taxation. Should I give my LLC's EIN number or my 40...
Cal C.
Buyer BEWARE VA REO
This is a follow-up to my post last week about Flipping a house bought with Quit Claim deed. I had a trusted attorney use their trusted title search company do a title search on the property. Turns out the VA ...
Catherine Decker
Converting traditional IRA/401K to Self-directed or SoloK
Hi - I have been doing research on self-directed IRAs and SoloK's. I would like to either roll-over a 401K from a former employer into a SoloK or self-directed IRA or start one.Here's what I want to know, has anyone d...
Ben Whittaker
My own trust as private lender to my LLC?
Hi all, will try to keep this as short as possible for everyone's benefit!I live in Australia and earn a good salary that has me into the 37% tax bracket.I invest in property in the US via an LLC, of which I am the on...
Jason NA
Land Trust Any reason to use?
Its seems to me that the main benifit of using a simple land trust to hold title to your properties is that it will hide the owners anme form public record. This is nice, but it seems pointless for mortgaged propertie...
Nicholas Lilly
Foreclosure Basic Rules
The lienholder is required to provide 21-day notices of foreclosure sales of a residential homestead. This notice must also be filed with the county clerk and posted at the courthouse. The Statute of limitation is fou...
Jeff Ju
Request for a payoff and reconveyance
Hi all - I did a search here but couldn't find a consistent answer. Hoping for one here. Situation: This is my first time lending money. It is a first position note for 12 months to a borrower who paid 6 months of int...
Josh Edelson
LLC or S Corp or Umbrella insurance?
Hello - I have 11 properties in my own name and a $2m umbrella insurance policy. I’m looking to eventually get to 20-30 units and want to be prepared. Annoyingly, in the state of California, you have to pay $800/year ...
Russell Davis
Lease
Does anyone have a recommendation for a standard lease in Maryland. I'll be renting my first property in January 17'.
Burt L.
Rental Property Conventional Lenders That Will Close In An LLC?
I have been looking at doing a DSCR loan but looks like I'm giving up on that as DSCR loans require bank statements anyway and if I'm going to provide that, I might as well go Conventional and have significant rate sa...