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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...
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Using Land Trust "Just another strategy for investors"
Its uses are:
To control or purchase real estate
To protect confidentiality
To limit liability
To help with "DOS" clauses in some cases
Land trusts have been use...
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There's been a huge push to slow down foreclosures to prevent robo-signing. In Las Vegas, they have completely stopped Notice of Defaults from filing, which means that owners can live in their houses for free.
Here ...
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I hear many lenders require the borrower to pre sign a quit Claim deed when they fund the loan.. with the proviso if the loan goes 30 days delinquent that the lender will just file the QC and wipe out the borrower wi...
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Anyone have any opinions about what state to create an LLC in to hold investment properties? I have multiple properties in different states but I hear different opinions on where to open the LLC. I'm in CA so I'm cons...
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What is oaklands 'base year' for determining a 'fair return' under rent control? Can i use state mandated covid lockdowns as exemptions? Per https://www.ci.richmond.ca.us/DocumentCenter/View/61839/MNOI...Fair return d...
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Hello everybody, I want to start operating in the State of OHIOOpening the LLC, have a registered agent there to receive my correspondence and comply my tax duties, etc.The thing is that I have ask some companies that...
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Has anyone heard of an series LLC? If so can anyone briefly point out the advatages/disadvantages if any? Thanks!
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Hi all, I have a friend and fellow investor in NC who has a STR in Woodfin, NC (North of Asheville), he called me today and said there was a town hall meeting last night and the town is going to ban all STR's in Woodf...
I own rental properties in two states. How does one go about choosing which state to set up an asset protection plan using LLC's? I own four residential rental properties. Two in Southern California, where I current...