Ethan Cole
Equity transferred between LLCs of different ownership-Taxed?
This is hypothetical:
I have joined a partnership with one other individual to purchase a multi-unit building. For simplicity of argument, I have performed 100% of the maintenance and improvement of the property. My ...
Dan Gandee
PROS vs CONS of Mobile Home Park Ownership?
After purchasing multiple parks and managing them over the past few years here's my synopsis of the pros and cons of owning a park. What has been your experience?
Pros:
Steady Income: One of the biggest advantages ...
Tim Nethers
Advice on Systems for Joint-Venture Property Ownership
We've formed a JV to purchase a duplex. Historically, I've used Stessa to manage my property accounting, but with a partner entering into this deal, I'm wondering if there are any standards or systems designed around ...
Reid Simonton
Lender won't allow transfer of ownership to LLC
Hi all,
This is my first post on BP - I looked around for similar questions/answers and couldn't find a good match so I figured I'd go ahead and post; hopefully this is the correct forum for my question. First, a li...
Tip Mallick
Possible relief from reporting of beneficial ownership information?
Just came across an article. The Corporate Transparency Act (CTA) has been declared unconstitutional by the United States District Court for the Northern District of Alabama. The CTA required information about the ben...
Jack Seigler
Vacation Home Rental Ownership as a Retirement Strategy
Lately, I have been working on my retirement plan - where to live, multiple locations, one location, fractional ownership, rent vs buy ?? There are many options.One scenario we would like to have is to live on/by the...
SeQuann A. Mincy
How do I get full control and ownership ?
Hi I’m in the state of Maryland Someone is trying to give me full ownership and control on a property “that is not free and clear” but is scared to transfer it to my name because of the “due on sale clause” we do not...
Todd Fry
Morris Invest Review (after 8 months of ownership)
I have written this review to give any prospective Morris Invest clients an idea of what they are getting into.My experience has been decidedly negative.BLUF (Bottom Line Up Front):Unfortunately in my experience, I di...
Natalie Kolodij
Deceased property Owner- in process of bank ownership?
Hey guys, There is a property in my town I've been following for a few years now. The woman who lived there died in 2010. The tax record still lists her as the taxpayer. However there is a notice/ no trespassing poste...
Steve Candor
Confused on previous ownership - What is going on?
Currently Listed for $105k2003 TOM HILL purchased from HUD for $65k2004 MIKE HILL purchased from TOM for $33K2010 TOM HILL purchased from MIKE for $0.Tom selling the property for $105k now. What is going on here?