Brian M.
Best way to set-up an LLC?
First time doing an STR and I want to put it in an LLC to shield my other assets as best as possible. I've read the pros/cons of LLC vs only doing umbrella insurance and I'd prefer to do the LLC route to minimize risk...
Michael Hill
Newbie from Mishawaka, IN
Good evening BP forum! I'm a divorced father with 5 children. Oldest daughter is 19 and goes to college. Four kids from my recent marriage. Oldest some (13) lives with me full time. My other three kids are with me...
David Seale
Getting Around Tax Implcations From $50k Gift?
I've tapped into a family member for funding. It's my understanding that anything over $15,000 is taxable. Since 50>15, how can my donor avoid being taxed on this "gift".
Sean Dougherty
Made a full price CASH offer on a preapproved short sale BUT...
ON 10/30 I made a full priced cash offer on a pre approved short sale. The listing agent has assured me that as of now mine is the only offer that has been submitted to the bank. She was confident that deal coul...
Kevin Wood
Houston Property Close Question
Weird situation I ran into and I thought I had seen everything. A friend's parents are retiring and moving out of the area. They sold their home to a church at an agreed upon price. The church has already paid for the...
Steven Payne
Writ of possession in Texas
I bought a tax property in Texas and it's been over 20 days so I can get a writ of possession. The clerk is telling me I red to bring in the form to have the Judge sign it. Anyone have a Texas writ of possession form?
Shafi Noss
Worth it to hire an LLC Holding Agent
Hi everyone,
I am creating a holding LLC with a partner for our multifamily investment portfolio. He is located in VA and I am in MD. I've heard recommendations to file in states like Delaware and Wyoming, but hear d...
John Thedford
FRAUD: What Would Be The Defense?
Scenario:1. Unlicensed broker puts a house under contract.2. Unlicensed brokers fails to close3. Unlicensed broker takes through several people under false pretenses4. Unlicensed broker gets property assigned5. Seller...
David Martin
Looking for a CPA in South Florida (Vacation Rental Business)
Looking for a CPA familiar with vacation rentals? I am located in South Florida and have been having trouble finding a reliable CPA. Any help would be greatly appreciated.
Jon DeCamp
Wholesale Property Beginning a Tax Lien Certificate Foreclosure
The following are questions I have in relation to potentially putting a contract on a property to wholesale a deal:I came across a property the owners of which received a Summons & Complaint for the purpose of fo...