Jimmy H.
Using RE to bypass inheritance tax
I had a thought that you could potentially use RE to bypass inheritance and gift tax issues. I know that you are only allowed to gift about $12,000 to any one individual, and I know the goverment taxes you when you di...
Duc T Tran
Asset Protection Attorney for CA, MI, Ohio, WA rentals (CA res)
HI All, I am living in CA. Have rentals in CA, MI, Ohio, WA. I am looking for Asset Protection Attorney to help me to structure what best for me. I was thinking about doing the below vs. combine it with Series LL...
Gracie Brown
What would you do? (in-laws trying to support w/home purchase)
This is hopefully not as complicated as it might sound, but was wondering if any of the great minds on this forum have thoughts on best strategy for current situation.My husband's parents are fortunate enough to own t...
Todd Powell
Question: Can you take two different LLC names and do 1031?
Here are the specifics. I have ownership with my wife and older son and his wife, all 25% each as members in two different properties. One is a 5 plex, Powell Properties Milton St, LLC and another 8 plex, Powell Prope...
Audrey Ezeh
Can you ask about child support payments?
Hi everyone,My M2M tenant just informed me he went to court on Monday and now has to pay $476/month for child support. Rent is $450/month. He said he just wanted me to know things might get tight. I said I'm sorry to ...
Marcin O.
Downstairs neighbor complaining about my 2 year old kid noise
2 months ago we moved in into 2 story apartment complex. We asked for first floor because of our toddler son, but realtor and leasing agent only offered us 2nd floor, and affirmed us that kids were not an issue.After ...
Marci Stein
Tenant liabilty/insurance?
,About to rent out my first house to a couple with 5 y.o. who wants to have a small pool in front yard. Rather than ask her to buy tenant insur, I was thinking to put a clause in the lease, stateing I have no responsa...
Kumiko Schlosser
Occupancy limit on studio loft
Hello. We are new landlord and want to have clear understanding on regulations on occupancy limit. We have studio loft apartment units. It is 530 sqft with metal hand rails with metal spiral stair case. We think it is...
Turgut Oz
What is the best set up for Series LLC? Checking account and overall structure
I have talked with two different attorneys. I got opposing opinions on below and wanted to get what others know (or do) on the subject. Please note that this is for a Texas Series LLC.
1. Imagine you have a Texas Ser...
David Bray
Alimony and Child Support as Income
I am processing a tenant application. 1/3 of the income is coming from alimony and child support. I have no idea what the likelihood of her continuing to receive this income regularly is. I am looking for ideas on...