Calum Bressington
Has Anyone converted a multimember llc to a sole member llc?
Wondering if anyone has converted their multimember LLC down to a sole member LLC and what the process is, all I have found on it is to fill out form 8832. Also, I won't do any buisness this year through my LLC so wi...
Louis A.
Advice Needed: Rental Applicant with Credit Issues
Ok, so I've been debating this all day and I need some help from the community.I have a married couple who want to rent one of my units and they seem very nice, but they have a checkered past with Credit.Here is the s...
Terry E Riggs
Home Owner refusing to pay $24,000 final remodel bill
I finished a remodel for a lady in texas. At the end of the job she refused to pay the final bill stating, "i am disputing the bill so I do not have to pay all of this". She then began to claim items that were not p...
Stanley Yang
How to transfer property title from two-member LLC to ourselves?
My fiancee and I own a rental investment property under our LLC (structured as partnership; 50%-50%). The property was bought with cash in August of this year, and it's in San Bernardino county, California. We just ...
Brian Kempler
Notes sourced from contractors and suppliers?
John Schaub talks about some ways he sources notes, including the following:---12. Major appliance, carpet salesman, etc.14. Home repair contractors15. Building supply16. Roofers17. Pool contractors18. The courthouse-...
Amy Xu
I won my small claims court case...now what?
I filed a small claims case against a contractor. The contractor did not show so the judge ruled in my favor. I didn’t want to ask the judge but...how do I go about collecting the payment?I’m concerned I won’t get the...
Mylene Bel
Transfer property to a LLC (2 foreign owners) to avoid FIRPTA?
Hi BiggerPockets,My husband and I are foreign owners of a condo in Florida that we want to sell to buy other investment properties. We didn't form a LLC at the time of buying. Now we're told that we should have in ord...
Don Darnell
Adding Capitalize Carrying Costs text to 1040X cost $2000…
Hi, I own an unimproved lot and capitalize HOA fees and property taxes every year to increase the property basis by amending my taxes and adding something like the following “magic” text as required by the IRS:
“For ...
Chris M.
Changing State of Incorporation to Delaware? Nesting LLC's?
Hey guys, so we have a business currently incorporated in the state of Oregon. After researching, we realized that since we will soon be filing our taxes as an S Corp due to exceeding $40,000 in NET income on a yearly...
Erick Tran
Wholesale an inherited house before changing the name
Hello guys,I am talking to a son of the property's owner. The father has passed away and he left the house to his son according to his will. The son have not change the name of the owner of the house to his name becau...