Tzvi Nussbaum
Doing a 1031 exchange from 2 LLC's using agency debt
My buddy and I are each selling a property from different LLC's. He has his own LLC and I have my own. We have never partnered together before. We are trying to purchase a large property with agency debt. Fannie a...
John Castillo
What happens if I don't annually renew my LLC with the state?
I bought a property almost a year ago in the name of an LLC. Now that a year has gone by, the state is asking me to renew the LLC. Do I need to renew it? What happens if I don't? I assume if it expires, someone can't ...
Derrick R.
Nevada LLC in revoked status...best course of action
I set up a Nevada LLC back in November of 2013 through LegalZoom but neglected it, so now it is in revoked status being that I did not file my Annual List and State Business License forms. I know, bad form.LegalZoom, ...
Ron K.
Taxes: When is it considered sold
I think I have seen this discussed but I can't find the thread. My question: For determining capital gains, when is a house considered sold. When the contract is signed or when closed?
Steve Buchanan
Keeping entities active for liability protection
I recently completed a project where we purchased a 4-plex in Los Angeles, did a major renovation and then sold the units individually to separate buyers who purchased as Tenants in Common (TIC). The entity structure ...
Albert H Shin
Dispute in LLC partnership from different state
Hello,I am in a partnership for a development deal, and with the project now over the LLC needs to be dissolved, but there potentially is a need for litigation.The project was in Washington, but the LLC was formed in ...
Keith Lutz
Gotta Love Freddie!
Check out this 5 minute video on Freddie Mac, and how they operate.
http://finance.yahoo.com/blogs/daily-ticker/freddie-mac-betting-against-homeowners-latest-gse-outrage-164015828.html
Thoughts?
Mark S.
SMLLC Tax Extension Deadline
If someone files an extension and has a single member LLC (SMLLC), is the LLC’s extension due date 9/15 (or 9/16 this year) or 10/15?Even though in most cases it’s a disregarded entity for tax purposes, in Kentucky we...
Carlos Martinez
Ups and downs with a join venture on your first rental property.
Hi everyone,Planning to purchase my first multifamily property in NY, after a long waiting, bunch of showings and several offers rejected because of a higher offer placed, I'm finally considering to do a joint ventur...
Marina Shimanski
Missing recorded deed -1950s. What now?
We put an offer on a home but can't get title insurance on it because of a missing recorded deed from the 1950s. The current owner father purchased it in 1950s but it was not recorded. He passed away and property was ...