Chris Seveney
Why jr. Liens can be problematic when in 1st position
This was a great question. Somebody asked me yesterday. They asked, “why do you care about junior lies when you are in first position?“There are several reasons why this is important:1. It typically takes away your ex...
Dennis Gallof
Setup LLC within the same state as condo or my home state?
I have an LLC for my side business and I know the benefits of having one like protecting / keeping my personal assets separated, being able to write-off any expenses, etc.; however, I'm wondering if it would be better...
Account Closed
Forming an LLC out of state, living in California
Hi all,
Firstly, I would like to ask if anyone has a good real estate attorney reference in California?
Second, can someone help me understand costs around forming an LLC out of state while I live in California. I k...
Michael Plaks
July 15 - the SEVEN tax deadlines
First, the good news. Due to Covid-19, they are letting the inmates out, so you're unlikely to end up in a Federal prison for tax non-compliance.
The less exciting news is that this July 15, formerly known as April ...
CL Ziegler
Ins. Claim on rental prop - Is it ever okay?
I have heard this is a no no, but I don't recall ever hearing why it's bad.I have confirmed hail damage on three roofs. Is there a down side if I file these as a claim? Am I guaranteed the policy will be cancelled? I ...
Arthur C.
Urgent - LLC to be taxed as a S Corp
Hello BP Community,I have an important tax related question that I need someone to help answer. I have created my LLC back in July 2018 and started my first flip in August 2018. I actually had 2 months and 15 days to ...
Kevin S.
Questions on LLC
Hello everyone, new to RE investing and looking to create a LLC. What's the best way (and economical) to set up LLC? My accountant? Attorney? Can I use Legal Zoom? I got a quote for $695.00 from an out of state acco...
Alejandra Tapia
Tax return for a partnership LLC with no business activity
Do I need to file a tax return for a partnership LLC with no business activity? I’ve heard of a “No/Zero Activity Tax Return” but I want to get some clarification. Much appreciated!
William Wilson
1st property - LLC
Sorry if this is already a topic somewhere but I want to purchase my first rental property but do it under an LLC. I currently have an LLC in Oregon but its unrelated to real estate. My question is can I obtain my f...
Bryan Sinegal
Buyers rights after purchasing a multifamily home
Sorry to keep bothering everyone with all my questions but would be grateful for some more advice. We put in an offer without viewing the inside of a property due to desirable location and other investors willing to ...