Hi, my understanding is that from a legal standpoint, lawyers will usually want your entity to be multi-member for better legal protection.However, from a tax standpoint, you will have no benefit from multi member LLC...

Thank you in advance for any advice!

I have a family member that would like to give me their home, with their equity, and would like for me to take over their mortgage. I have never done something like this before a...

How do I block people that spam info I'm not interested in in the Market Place?  I get the same email and notification every other day for something I am not interested in in the slightest.  The persons name is Jon F ...

Hi, I'm a newbie and just upgraded on BP to a Plus member. I really want to get started in RE investing and I've been reading as much as I can and listening to the BP podcasts and joined my local REIAs. I've recently ...

All, I have formed 2 LLCs: 1) manager managed (parent), called LLC A; 2) member-managed called LLC B.  My wife and I are managers/members of LLC A and LLC B is member managed and the sole member is LLC A.  I just rece...

I got a letter from the city of Duncanville TX inquiring if my grand parents home is vacant or a rental property. My grandma recently got put in a retirement home They sent me a form I need to complete and return. Why...

I have a close family member who wants to move out of their home and offered to sell it to me for a major discount. I am wondering the best route to take on a situation like this. As far as paying the least fees since...

We are starting a 9-member LLC to buy real estate. One of the potential members has a substantial lien against him for failing to have auto insurance during an accident. He may even file for bankruptcy. Will his situa...

Hello All -Just wanted some feedback regarding opening a Single Member LLC. Any thoughts would be appreciated. Thanks so much.

I have a holding LLC setup as a partnership and an operating LLC who's primary member is the holding LLC. For federal tax purposes the operating LLC is a disregarded entity. Do I still need to file state taxes on the ...