Eric Williams
Disregarded Entity Qualification: Married Couple in Community Property State
Rev. Proc. 2002-69I found this guidance and thought I would provide a summary:It was issued to remove uncertainty surrounding treatment of an entity owned solely by a husband and wife in a community property state.Ess...
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 ...
Cody Caswell
FHA Loan for Primary House - Full Time Real Estate Investor
Is it true you can use taxes, depreciation, insurance, and mortgage interest for qualifying income when applying for an FHA loan on a primary residence? Backstory - we have an apartment complex that had a $339k loss o...
Joseph Bagley
Creative way buy take ownership of property?
BP,I thought I had this all thought out but I found out that I know nothing like John Snow :-D.Soooo... my Mom agreed to give me and my brothers her 1st home, which is paid off. Intent is to pay her $100k by using th...
Delicia B.
Transferring Deed from LLC to Person
Hi All,This is my first time posting to the BP forum, so I hope I'm posting this in the right place or I'm at least somewhat close.....if not sorry in advance. So my dilemma is I'm trying to get financing for a proper...
Jerry Hodges
New LLC line of credit
I have a property that I’ve recently acquired. All of the 11 windows seem to be the original install from 1943 with the counter weights in the walls and everything. After the window replacement, some cosmetic work, le...
Brian G.
forming my first entity
Ive been doing RE investing for about 3 years now and I have 4 SFR in 2 states. I plan on buying more this year. It is my goal this year to start to operate more professionally so I can continue to scale my business. ...
Kenneth LeBeau
Business Finance Question - Commingle
I'm a newer business owner with a recently set up LLC and I was wondering if I should be more careful about how I pay for things for the business. Sometimes I pay for things directly from one of my personal accounts e...
Bienes Raices
Storage of sensitive data (tenants)
Like most people on here, I suppose, I now have old tenant applications with SS#s, birthdates, etc. Currently I am keeping them in a locked file cabinet (although my agreement with the credit service just says I have ...