Brian Campbell
partners and taxes without LLC
I've read every thread in here on LLC's vs umbrella liability insurance. My lawyer (a friend) will set up my LLC, but it will cost over 1K to do so so I am looking for other options.
My longterm girlfriend (12 yrs) ...
Ana Vasquez
Company Structure (Live in Texas)
I currently own 3 rentals, flip houses, and build houses. What kind of legal structure should I be registering the company? LLC? LLC Series? Corp?
Ray Slack
baltimore Tax sales Odd question
Okay.. I have a property in Baltimore city that I didn't pay the taxes on and the the tax lien certificate was sold at the last sale for about $5,300. I was about to pay it off and then I saw the person Bid $55,...
Quota Thornton
Analyzing A Property
Hello! I know that during analysis to get the NOI you take the rental income and subtract the operating expenses. Then to get your monthly cash flow you take the NOI and subtract the mortgage. Aren’t taxes and insuran...
Christina Rodrigues
QDRO 401K for down payment
Hello,Has anyone purchase a home using the money from a QDRO, I just got divorce last month, I know that I can use the 401k QDRO money penalty free but not tax free… pros and cons, any advice? I am a first time buyer ...
Mike S.
Roth 401k vs deductible 401k + conversion
I was usually using option 1, but I was recently introduced to option 2 and would like to get feedback on its caveats:Option 1:- Contribute to the Roth portion of a 401k (lets assume $50k)- Invest this $50k in a syndi...
Andrew P.
Best and Easiest business structure
Hi All! What is the easiest way to set up a company that limits liability? There are many different methods and people talk about a lot of different things here. The most common answer is to have a LLC for each house ...
Brian Hinkle
Merger of Entities
I'm looking for ideas on how to best coordinate constructing new buildings to an existing apartment complex in PA. Our current lender requires that the borrower be a "Single Purpose Entity" and has specifically stated...
Jennifer McDuffie
Question on tax deed
First of all thanks in advance for any replies. I'll try do be as clear and thorough as I can with my question. To give a little info.... a woman won some property in a judgement and received a fee simple title. This...
Marcus Johnson
PM versus DIY
It's been brought to my attention that I should be paying myself for self managing my Duplex and that even though my cash flow is higher in the end when not using a PM, it's my time that is more valuable and therefore...