David Coffee
LLC business and Tax Question
Hello, I am reaching out because I have a few questions about taxes and an LLC:
1st. For Tax purposes; is it better to start a Single Member LLC if you are a married couple and your business is a Home-Based LLC? ...
Daniel Miller
Dad had Living Trust, I am trustee, he died, I'm confused...
So I've already gotten one surprise in this adventure... I discovered that dad's Living Trust becomes an irrevocable trust upon his death. I've already gotten an EIN for the trust, but I'm really unclear on how I do ...
Julie George
Tenant slips and injures knee during a flash flooding
Hi all!I would like to get some advice regarding landlord/tenant responsibilities. Maybe some of you can shed some light on my situation. Thanks in advance!I am a landlord in Chicago and own an apartment unit in the b...
Account Closed
Refinancing out a private lender
I've got a potential deal in the works. I could be purchasing for $30k with $20k in rehab. I've got a private lender (family member) who is willing to lend me an interest only loan on the entire amount.
This will...
Chunwai Lai
Need Attorney to file eviction for New Jersey LLC?
Hello biggerpockets, My property in Hudson county New Jersey is owned by a LLC. I need to evict a tenant for non-payment now. Do I need to hire an attorney to kick off the eviction process? Or can I file ...
Aaron B.
Recommendations of Kansas City Real Estate Attorneys
Are there any BP Kansas City investors who can recommend a good real estate attorney. I would also be curious what makes that attorney good - personnel interaction, expertise with investors, etc. As background, I am...
Naz Hossain
2 member LLC confusion in Texas...
Hi BP - my partner and I have a LLC set up. Our attorney and CPA said that we will have to file for taxes as a partnership but I have been reading up that taxes are pass through? We are a 50-50 partnership with the op...
Manolo D.
How to build business credit
I know that DnB has something to do with business credit, however, when I called them to ask how I was doing on my business credit, they said they had no records, and it will cost me a thousand dollars to start the pr...
Uma Subramaniam
LLC structure for Single Family Portfolio
My husband and I are real estate investors in Dallas-Fort Worth area in Texas. We currently have 15 Single Family rental properties on our personal names and are in the process of getting a commercial portfolio loan f...
Rich Hupper
Mortgage and Bankruptcy
Can someone tell me what happens when a mortgagor files bankruptcy before a foreclosure auction takes place. Is the mortgage wiped out? What generally happens to the property securing the loan?Thank you