Anyone have tips on maintaining LLCs? We created an umbrella structured an LLC with Anderson Business Advisors. Their monthly service is quite expensive and we would like to detangle from their services and manage the...
I have few multi-family in TX and AZ, and thinking about IL and others via syndications but, the fear of doing taxes for each new state I put 10K into is stopping me.anyone can LMK how much:1/ they pay their CPA2/ it ...
Hello! I closed on my first rental property in the last few days of 2021 - it's a duplex in Ohio, and I live in California. So I've been told my taxes will be a little more complex this year. I've filed with Turbo Tax...
Senate Bill 801, House Bill 0796--This bill is proposing to obtain additional funds for evictions and will adversely affect owners of units in Baltimore City. This bill will cause delays in evictions and owners will ...
Texas Statute of Limitations (SOL) Related to Title of Real Property
While not exhaustive, below is a list of liens and judgments along with the Texas Statute of Limitations that may be filed or found in the real pro...
I have purchased my first BRRRR property with private money provided by my mom. I am not sure which documents are needed in order for her to only be taxed on the interest she receives and not the principal payback. I ...
I'm looking for help from the crowd on this one.I'm putting together a blog post with a checklist that a creditor/lender should follow in case their borrower files a Chapter 13 bankruptcy petition. The purpose is to p...
I’m looking into the best way to structure multiple LLCs for buy and hold properties and stumbled upon the series LLC format. Does anyone have experience with a SLLC?
Can anyone tell me if carryover basis restarts at 27.5 years in a 1031x, or is it excess basis at 27.5 and carryover picking up where it left off? Having trouble finding the answer. Any help is very much appreciated!
I have a question about how to handle depreciation of an owner-occupied residence where we rent out rooms. We placed one room in service in 2014 (25% of home) and filed the 4562 form for 25% depreciation of the buildi...