I hired a contractor to start work on a project and was supposed to start at the beginning of September. I did the research, and everything (License, insurance, and bonding) was good (Legitimate). I gave him a 50% dow...

How do you make purchases and manage receipts for your rentals?

I am going to create an entity and my 3 priorities are...1. Asset Protection2. Anonymity3. Tax advantageous (would be a plus)I live in CA, and invest in 6 regions outside of CA. I am no longer comfortable with my umbr...

Who would you recommend as a real estate attorney to form a series LLC in Texas?  I heard Texas has very good laws.Also, all attorneys would say I must name the LLC myself, they cannot name it for me.  What are some t...

I am preparing for my first multi unit property. How do you organize all your files and paperwork physically and online? What methods have you found that have worked or not worked? Please share in details. Thank you!

so I just recently filed for my LLC and Ein. After I received my employee identification number, I was told that if I want to, I have the option of filing form 8832 "Entity Classification Election" and elect to be cla...

I'm looking at a property in Nashville, TN that's owned by an out of state owner. The owner has suffered from medical issues and is now declaring bankruptcy. The bank will be foreclosing on the house in 6 days. Is the...

I received a letter today. An SFR tenant filed chapter 13 Bankruptcy. I cannot cover my mortgage without their rent. I'm trying to understand the letter I received. I'm just getting started to figure out next steps. A...

Hi,

I'm looking into doing some pre-foreclosure home buying. From what I've read here, most people get notices of defaults from their county building as a starting point for mailing out letters to potential sellers.
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I have an apartment complex (150 units) in Texas that was offered at great discount from a Seller that was in default. The complex was up for foreclosure today (1st Tuesday -March).

I got offered ...