GERT S.
Sole member LLC, add spouse as LLC member
I went to cheap way, and formed an LLC (Florida) online without speaking to an attorney first. I know, fools rush in where angels fear to tread.My LLC just acquired 2 condos that need a little rehab. After rehab, the ...
James Denon
Being a lender to a friend
My friend is buying a condo in Cape Cod MA. It is a bank owned propertyThe pipes are damaged and there is a risk of flooding if the water is turned on. The bank would not let them turn on the water because of this ris...
Dung P.
Quick tax Q about expenses vs depreciating rehab
Hi! I just had a, hopefully, quick question regarding my situation and if my assumptions about expenses are correct. I'm currently rehabbing a property I bought and isn't "in service" right now. Not much has been don...
Brad Noe
Tranferring Ownership to LLC - What To Do With Insurance Policy?
This may be a dumb question but, if we are doing a Quitclaim Deed to transfer ownership of a property over to an LLC, should we also change the insurance policy from our personal names to the LLC name?
Anthony Casa
Proper RE holding structure. Joint Venture vs. LLC (or both)
Hi All,I am forming a partnership with an 1 other investor to acquire a property. I'm having trouble determining the best structure for the partnership and if I should be forming a LLC, a Joint Venture or both. Is the...
J M
LLC's & Corp's
Hi, As I'm still trying to educate myself on these things can someone please help out whilst I wait for the mailman to deliver some books on the topic and before I see an attorney/CPA.
After reading many of the post...
Laura Espaillat
Crazy Facts- Tenant in Common Issues
My question involves real estate located in the State of: North CarolinaP - PlaintiffD- DeceasedDF- DefendantHello everyone, here are the facts:- DF and D were in a romantic relationship. D asked DF to move in order f...
Erik Estrada
What DSCR lenders look for in Rental Properties
Consider the following to have an easier time qualifying for DSCR financing: 1. Is the property in a Rural area (typically population sizes under 150,000) Most DSCR lenders cannot fund in Rural Areas. If it’s a great...
Taylor West
Condo's and the land under them?
To start from the beginning, I am a veteran, and spoke to
another veteran about buying a condo (this had nothing to do with REI). He stated that if I was to buy a condo
with the VA loan to make sure I was ALSO buyi...
John Carr
Joint Ownership, Funding & Tax Implications
Hello all!I have some questions regarding joint ownership with a non-spouse family member. I will try to be as succinct as possible (while also explaining in full the situation), so here goes...My dad is interested in...