Nicholas Spohn
How much to pay a CPA for small biz
So what is reasonable to pay a CPA for a small (4 property) investment business? My CPA last year was TERRIBLE and this year I met with someone at McGladrey who seemed very professional and knowledgable but said fi...
Account Closed
Can you form an LLC in a state other than the main office state?
I am purchasing a property out of state and will hold title in an LLC. The Certificate of Formation papers ask for the business address. I am curious as to whether or not it is OK to have an out-of-state address enter...
Alex Babayev
Landlord w/ 6 Properties & Multiple Insurance Claims WHAT TO DO?
Hello BP World, I currently have 6 rental properties that are all in my personal name. Over the years I have had 3 different claims at separate properties some that I no longer own. My problem is insurance companies a...
Ben Meier
Potentially Inheriting A Property With "Tenants"
I need a BP recommendation for an attorney specializing in REI in the Waco area.My father recieved notice that he was being sued for back property taxes on a home he didn't know my grandfather owned. He said if I took...
Aaron Nelson
Secondary Market Loan Limits with Corp or S Corp
I've heard from a few people that it is possible to surpass the 10 single family property loan limit if you put your properties into a corporation or s corp which holds 10 or less. I can't find anything to dispute thi...
Sylvia B.
Conficting information on NOLO
NOLO is often recommended as the place to go to learn about your state laws for rental property. I found something interesting today.On this page - http://www.nolo.com/legal-encyclopedia/missouri-termination-nonpaymen...
Chris Adamski
Probate Direct Mail - Petitioner and Special Administrator
I have been pulling leads myself for marketing to probate leads and feel I may be overlooking some opportunities. Thus far I am focusing on mailing to Personal Representatives who do not appear to be a spouse of the ...
Sean Matthews
Formation of an LLC (location, costs, DIY)
Hi there,I am interested in getting passive income via real estate, ie. buying to rent. Nothing spectacular, just to make a start with some money that I've saved up. I read a few articles about opening an LLC in state...
Russ Trimboli
bank contacts for reos
I wrote an offer to everbank for a property through an attys office , whose name and information I gleaned off the paperwork on the front door of the propertythe attys office said they closed the file a long while ago...
Rik Patel
Asset Protection - LLC or no LLC?
Hi all!
I live in Florida, however, just closed on a duplex in Ohio. The duplex right now is under my personal name. I want to transfer it to an LLC but it will trigger the due-on-sale clause. I'm reading that we ...