Makeila Logan lafate
How to gain a partner
Question guys. I found a 4-plex in Winston Salem, North Carolina for 115,000.00. Apartments are well maintained, all electric, newer floors and central and in an ideal location for renters. I ran the numbers through t...
Melanie Jones
Multiple mortgages and Credit
So I’m coming close to buying my first property. I currently have excellent credit( greater than 750) and I’m concerned if having multiple mortgages will hurt my personal credit and my ability to continue to borrow. I...
Shane Moss
Transferring LLC ownership when getting a divorce?
Hello Everyone,
Unfortunately, I am going through a divorce. My wife will not be keeping either of the two rental properties and I need to make sure our 50/50 partnership is dissolved.
I know I need to do somethi...
Jason Green
Move property into LLC Name Help
Ok I had to dissolve an S-corp and opened as a single member LLC due to the loss of a partner. In the interim I bought a property. I am closing on it next week. I had to buy it in my personal name, which is fine, beca...
Ross Yeager
purchasing a short sale through llc
Looking at purchasing a short sale through LLC purchase and wanted to see what all the community recommends for validating the LLC (the bank has agreed to sell the short sale to an entity)?What ways do you use to vet ...
Amit Golan
A few questions on forming an LLC and financing
Hi All,
We are out of state investors, and are working with a local developer in the US, on a new construction deal.
The deal consists of buying 3 lots, building total of 5 units (residential homes), selling and sha...
Jerome Nunez
Is it too early to set up a tax efficient vehicle?
Hi All! I've been gearing up to start my property search (~6 months out) and I wanted to know how far in advance (or not?) should I consider reaching out to a tax professional to build out an LLC? It's a pretty expens...
Justin Summers
Question on Step up basis for property owned by Father Son in LLC upon Death
My father and I bought a Vacation home in Florida 7 years ago for $500k and purchased it in an LLC .. The only purpose and use for this LLC was to purchase the property.. No other business or properties owned by the ...
Michael Westerman
Actively Manage a LLC to Buy Various Passive Income Streams
Hello, first post from a new member! I recently formed a single member LLC through the state of Texas to use as a vehicle to buy and hold passive income streams. I have a few existing interests in multifamily and comm...
Constance Grandelli
CPA Needed, TriCities TN
Hi,I'm new to Kingsport, TN. My LLC is from Virginia, need some guidance as to close down that LLC and start a new one in Tennessee, or trade as a foreign entity. In general, would like to get a great CPA, that spe...