Deloris Coleman
Adding funds to Business Account
I have an LLC and it has its own business account and credit cards and everything. The business is not generating enough revenue to cover all of the expenses, so when a bill is due, I deposit cash and categorize it as...
Pramod Yash
Data on Purchase / Sale Activity .. say in California
I am a data nerd with solid data analysis skills. Can you recommend sources from where I can obtain rich data on purchase / sale? Many thanks, in advance.Data points I am looking for:a. Address of unitb. Same unit pu...
Mike Mefferd
Tax Implications of Selling Property from one LLC to another
I am looking for tax advice if I sell a property from one of my LLC’s to another LLC that I own. WIth this sale, it would show $150k loss and I wanted to know if this loss could be deducted on my taxes. Looking for an...
Pearce G.
What happens to a mortgage upon subdividing?
My question is in the subject heading, but here's the hypothetical:Let's say I buy 5 acres for $500,000 using conventional mortgage financing. There's one house on the property. I decide to live in the house with 1 ...
Lorenzo Jackson
Short Sale Requirements
Do you have to miss payments in order to be eligible for a short sale?
Nur Al Sharif
Leasing to an Owned C-Corp which then leases to third party?
Hi all, I came across an article detailing why a C-Corp should never own property, but should opt to lease it instead. (https://www.thetaxadviser.com/issues/2018/sep/leas...) This led me to think of a scenario. Not s...
Daniel Dietz
Pros/Cons of Portfolio vs Individual Loans in Commercial Lending?
Hello,We are getting close to finalizing a loan(s) for a set of 3 duplexes we are buying within our LLC. The properties are all similar in value and have a total value of about 500K. We are able to get terms of 20% do...
Lucas Pfaff
What is STANDARD? Partnership Structure & Agreement for Fix & Flip
I'm trying to source any articles, blog posts, etc that discuss the standard options for the formation of partnerships. While I'm generally familiar with the options, I am trying to share this information with friends...
John Corey
Personal Guarantee (PG) negotiations
I did a quick search and did not see anything recent that matches this. If someone knows of a good thread, drop a link here.Otherwise, lets discuss what people do to negotiate PGs. What is considered normal or accepta...
Mark Sargeant
Possible short sale?
Found a property 3 bed 2 bath that has been declared vacant by the county. When researching it I discovered that it has a foreclosure notice placed on it last June, but the bank has not acted on the notice.
...