Walter Pape
Find Equity own your own (DYI) for Direct Mail
Hello BP,I know of a few paid methods to find equity in homes to market to. I was wondering if anyone has a method or resources to estimate equity on your own? In other words, if you have information from the county a...
Nahal Beckam
EIN Number for rental property
Hello, we have a rental (me and my husband) that we manage ourselves. In order to open a business account I applied for an EIN number under the category of partnership. I wonder if we need to file some additional tax...
Greg Moskalenko
Anyone experienced out there who knows this answer?
Hey guys,I know one of you out there will have a good idea here...So my father owns a property in California (Los Angeles) that currently has a market value of ~$820K. He bought it back in 2006 for about $500K. Since ...
Roman McIntosh
LLC classified as Partnership by IRS
When I apply for an EIN for my mulit-member LLC the IRS classifies it as a partnership by default. It says their are addition forms you can fill out if you don't want it to be classified that way. My wife and I are...
James Bakun
How does a foreign seller get their 15% FIRPTA withholding back?
I have a foreign client who is completing a 1031 exchange, and has decided to bring extra cash to the closing table to replenish the "withheld" FIRPTA amount on the sale of the relinquished property. This will allow u...
Bryan O.
Hiring a Bookkeeper - QuickBooks
I have decided to hire a part time bookkeeper. I have been using QuickBooks Pro 2015. Do I just back up the company file and give it to them? I see there is an Accountant Copy that I can make. Is that the smarter way?...
Jeremy Namen
Confused on Deed of Trust issue
If I executed a Promissory note for $350k and concurrently a Deed of Trust that secures 3 properties up to $350k and if this is the total obligation owed to a lender, can the lender still hold a previously exe...
Austin Tam
Insurance Claim against me
I had my property manager tear down a garage on one of my properties last year. In the process, the contractor damaged part of the neighbor's fence. The neighbor then filed a claim with their insurance company, Natio...
Henry W.
8288-B Compiling my Tax returns for FIRPTA
For the past 4 years I have been investing in Commericial Real Estate and Land in Los Angeles, California. I did do one tax return in 2012 using turbo tax but I never bothered after because I was making more expenses/...
Mark S.
Registering KY LLC in TN
So I'm under contract for a property in TN. I currently have a KY LLC. After talking to the title company, they said that I can use my existing KY LLC as long as it's registered in TN. I believe they said it's $300...