So I want to go after probate leads. When would be a good time to contact the new property owners? I don't want to seem insensitive by contacting them too early. 

I was browsing probate files yesterday in Sacramento, California, and found a house worth $175,000 (according to the file - Zillow's zestimate is a little higher) with a $160,000 loan on it. The estate also owns $25,0...

I need help and hope someone has tried this before. I have a tenant that has not paid for over 6 months rent (becoming dire), they continue with first a Skeleton Bankruptcy, followed by not completing the paperwork pr...

What are your thoughts to renting to a tenant who went under Chapter 13 bankruptcy? Tenant that applied has a very low credit score of 545 and is under Chapter 13 bankruptcy. Credit check reported bankruptcy on ...

Tax season is in full swing, and for most individual taxpayers, the looming deadline for filing and payment is Monday, April 18, 2022. However, life can get complicated, and if you find yourself needing more time to g...

Income tax: A foreign investor receiving rental income from U.S. real property must pay income tax. Usually, the rental income is considered effectively connected with a U.S. trade or business, and therefore, it is ta...

What would be the rationale for making a loan with a promissary note from your personal name to your LLC instead of just making a capital contribution? Is there some tax advantage to doing that? It seems simpler to j...

My husband and I own a property and I took care of the markeing, showing and tenant screening. We rent it out months ago. Recently, I receivedd a call saying he represented the state Commonwealth, Department of State,...

Hey folks.  I created a LLC to own a vacation property in Virginia.  The LLC has 4 members.  Each own 25%.  We own the land and the house in the name of the LLC.  We have never rented it, and never plan to rent it.   ...

I see most people have an llc - is there a significant reason why?