Sarah Bella
Tax Liens on Property owed by a Foreign Entity
Hi all, I am starting to invest in tax liens. I am going the "Orphan Lien" route and looking into liens that did not receive a bid at the last auction. I have found several on some beautiful property lots, however, ev...
Josh Skogen
Paying back LLC members and 1031 Exchange
Hello. I'm part of a 4- member LLC, which owns a SFR. We are selling the property and would like to use a 1031 exchange. Now, the four of us have contributed from our own pockets towards the purchase and renovation of...
Jonathan Felts
Transferring LLC Interest Trigger Tax Reassessment?
I own 50% of an LLC that owns a property. My partners wanted out, so I got a loan to buy their interest (25% & 25%). Part of the deal was to close the LLC after doing so. I have a tax person and a lawyer but both...
Michael Hooper
Entity Transfer to Avoid Tax Reassessment
I'm looking to purchase 10 townhomes in Cincinnati. The current owner paid around 275K for the property and is paying 11K/year in taxes. The numbers on the property were looking good until I was told that if I purchas...
Dave K.
Tenant selling business, How to make disclosure when they don't seem up and up
Hello BP,I've got a strange question to ask before seeking legal advice and wanted the community's opinions.I have a tenant who runs a liquor store. They tell me they want to retire and are selling the biz. I suspect ...
John Lee
Loan in personal names and putting title in LLC
So my brother and I are finally getting a rental property.Loan is under way with our personal names. However, we wanted to put the title in LLC from the start instead of transferring it after the closing. Has anyone...
Senthilraja R.
Investment rental home insurance
I am looking to renew and change my insurance carrier. Could some one from this location help me?
Steve Meyers
Need to do a quit claim will this affect my hard money loan?
I had to close in my s-corp due to time constraints on my time to close with the seller for this flip I'm doing. I need to do a quit claim into an LLC, but I'm curious how this will impact my hard money loan if at al...
Karim Shah
Buying Distressed Condos to convert into Apartment Buildings?
I'm considering this deal of condos in this very distressed building. By buying the condos I will have a large stake of the building and the other investor owners have said they will sell me their condos, which mean I...
Mitul Patel
1st house to BRRRR. Should I put it under LLC or personal name?
I am in the process of buying the first property cash. For obvious reasons it makes sense to hold it under an LLC, But will that make it complicated if I go to cash out refinance it? TIA