Ed D.
S-Corp vs LLC for REI
Hi everyone,
Hope you all are doing great. First, I want to thank the folks here on BP it's wonderful to be able to speak to so many people who are willing to share good information with each other.
I come from...
Carolyn Morales
Tax deed sale process and surplus
I am confused about how the surplus works. I went to an auction and there was a fabulous brick home in an affluent neighborhood for 23k starting bid. 2 men haggle each other to 166 k. The surplus is listed. Does that...
Jared Friedman
Best passive investments for a 1031 exchange
I’m selling my California rental property and need some ideas on where to deploy my money. My place is worth $425k and I have a $72k mortgage. After realtor fees etc I should probably wind up with about $310-$320k c...
Dar Rose
Inherited home with back taxes
Hello all. I'm looking for some advice as I am new to this investing thing. I inherited my dad's house 2 years ago and have not probated the will becAuse there is almost $7k in taxes owed on it. There is no mortga...
Jeff V.
LLC Operating Agreement
Starting an LLC and at the point where my business partner and I have come to agreements on how the business will be ran ect.We will be putting these agreements into the LLC Operating Agreement. My question is once t...
Cooper B.
Clarification on Right of Redemption in Alabama
I'm hoping someone can help provide some clarity to me regarding the right of redemption law in Alabama.Say a property is foreclosed and sold back to the bank on the courthouse steps. The bank turns around and sells ...
Jon Whatts
Murder at rental. What to do?
First time here on BP. A friend recommended I ask here.My resident just lost a college aged child to a murder in the yard of one of the rental. Any advice from those who have gone through such a situation or know so...
Terry Royce
Putting under contract with no deposit.
I always see people mention when putting under contract to assign how do you not put any deposit down, I would think most people would naturally want a deposit, and it would be hard to convince them otherwise.
Also, ...
Johnny Weekend
LLC and Holding LLC vs DST ?
Hi everyone,I read a few posts on LLCs and holding LLCs and wanted to dive a little deeper.I live in CA but own a single family house in Ohio. I contacted Corporate Direct and Wyoming LLC Attorney (that's the website ...
Olga Zelenko
LLC California Franchise Tax
I just discovered that if I live in California and I have an LLC (in or out of state) I will be required to pay Franchise Tax in California (annually 800$) for each LLC.My first plan was to create for each property it...